NIITTECH: Write Near ATM/ITM CE

Jan 30, 2019

Stochastic showing bearish divergence. Stock seems exhausted after a strong bull rally. Good time to go short in NIITTECH using options. Short nacked NIITTECH19FEB1320CE for 51 rupee premium. In case it goes up then, average it with near ITM/ATM CE when it trades near 1375.

Jan 30, 2019

Note

Disclaimer: Objective of this post is to educate and help all members earn profit from trading. I am not a SEBI registered analyst and strongly recommend people not to trade in NSE/BSE/MCX market basis above recommendations. All the stock picks are momentum picks chosen using technical indicators and for education purpose only. I am not responsible for profit and losses or SEBI audits arising out of the above calls. Stock market trading and investment is subject to market risks. Contact your financial advisor before taking trades or trade at your own risk.

Jan 30, 2019

Note

NIITTECH heading in southward direction as predicted. Its already in profit. Trail your stoploss till expiry.

Feb 7, 2019

Trade closed: target reached

Yesterday it made low of 32 rupees. Target reached with 19 points gain. Anyways it has higher profit potential.