NIFTY | Cup & Handle formation (Good only for hedged / spread position - it can take 3-5 days) CMP : 15770 SL : 15670 Target : 16100 Almost 1:3 risk reward setup. Reference : Bull Call Spread Buy 15800 CE Sell 16000 CE July 8th Expiry or July monthly expiry
RELIANCE | Expecting breakout as it is having some decent support | Lets experiement a limited risk option spread similar to what we did in BANKNIFTY CMP : 2060 SL : 2000 Target : 2170,2335 Since RELIANCE is strong and heavy weight stock its worth trying F&O if you are aggressive trader. Buy 2100 CE Sell 2150 CE or 2200 CE
BANKNIFTY | 400 points opportunity (Positional) CMP : 37250 SL : 37000 Target : 37600 1:2+ risk reward setup Consider - taking spread Buy 37500 CE Sell 38000 CE