Trade setup in NTPC
Buy NTPC future at cmp for target of 96 with PUT option of 88 if its closes below 88 then square off future poition and hold put option till it reaches to 85 .
Total margin required for this trade around 40K.
Trading in derivative instrument may result t loos of capital.
HDFC looks good for short but few things need to taken care tomorrow.
1.If it opens above 1841 and able to sustain on this point then DO NOT GO FOR SHORT POSITION, will update further after closing.
2.Opening below 1841 may show initial weakness to 1820 and once it started trading below 1815 then next level be 1860.
3. I can see volume on higher side while price...
Nifty may go 9400 to 9525 if sustain above 9164 and then afterwards it may show downtrend upto 8500 to 8600 .
Will publish another view on it once it closes above 9600 .To trade in this range stop loss with 8875 on closing basis.