TraderPK

Swing options positions - short Bias for the day - short Range for mean reversion - 34998/35070 Stocks - Axisbank, Cipla, Escorts radar for longs, Coal India for shorts

Swing options positions - neutral Bias for the day - short Range for mean reversion - 35228/35253 Stocks - Axisbank, Cipla, Escorts radar for longs, Coal India for shorts

Swing options positions - neutral Bias for the day - short Range for mean reversion - 35587/35627  Stocks - Axisbank and HCLtech on radar for longs

Swing options positions - long Bias for the day - long Range for mean reversion - 35384/35436  Stocks - Axisbank and HCLtech on radar for longs

Swing options positions - short Bias for the day - short Range for mean reversion - 34636/34682 Notes - NF/BNF are vulnerable for a quick short term crack  Stocks - sitting on bull call spreads on Asianpaints, Hindunilvr

Swing options positions - neutral Bias for the day - short Range for mean reversion - 35143/35188 Notes - NF/BNF gave bullish a close and has a bullish bias short term Stocks - booked long calls on HCL, Cipla, sitting on bull call spreads on Asianpaints, Hindunilvr

Swing options positions - long Bias for the day - long Range for mean reversion - 35227/35261 Notes - NF/BNF gave bullish a close and has a bullish bias short term Stocks - long calls on HCL, Cipla, bull call spread on Asianpaints

Swing options positions - neutral Bias for the day - long Range for mean reversion - 34878/34963 Notes - NF/BNF gave bullish a close and has a bullish bias short term Stocks - long calls on HCL, Cipla. Created a long butterfly on NF for this expiry.  

Swing options positions - neutral Bias for the day - long Range for mean reversion - 35185/35205 Notes - BNF - 35400 is the highest traded level this on contract, NF is 15710 Stocks - long calls on HCL, Cipla 

Here is the plan for next week. i) Indices - Further to previous post, Nifty is continuing its bullish momentum. Metals took a breather for sometime and is looking for a pick up in action. But Banks are still lagging and spoiling the party. Weeklies for NF and BNF as below.  Bank Nifty spot revisited the key 35000 and got stuck around it. In case it gives up and sells off, 32200 is the target which can be achieved fairly quickly (4-5 weeks) than the case where it snails up to 36500.    ii) Stocks - Sitting on Adaniports bullish put spread and booked Coal India long call spreads. Also long calls on Cipla and HCLTech.  Other long candidates are metal companies (specifically Hindalco), Escorts above 1235, Drreddy above 5500

Swing options positions - neutral Bias for the day - long Range for mean reversion - 35150/35225 Notes - NF very bullish. BNF could just close above the crucial 35000 and the needs to break on either direction to form a bias Stocks - long calls on HCL

Swing positions - short Bias for the day - short Range for mean reversion - 35007/35079 Notes - NF moved from balance above 15800 to imbalance which was quickly rejected and might have made the short term top. Overall, still bullish. BNF spot below crucial 35000 and is non-bullish till it remains so.   Stocks - sled out of long calls on Drreddy and HCL

Swing positions - short Bias for the day - short Range for mean reversion - 35301/35323 Notes - NF created balance with prev day range and BNF ended very close to key level of 35000.  Stocks - long calls on Drreddy and HCL

Swing positions - neutral Bias for the day - short Range for mean reversion - 35604/35610 Notes - NF making higher highs and BNF is ID/NR7. 

Swing positions - neutral Bias for the day - short Range for mean reversion - 35575/35615 Notes - NF making higher highs and BNF is consolidating. 

Following is the plan for next week. i) Indices - Following the last week post, Nifty is looking ultra strong. Buying on pullbacks is a good strategy. Other way to play this would be using cal spreads or butterfly spreads.  Bank Nifty is comparatively less potent now and we can expect it to lethargically move towards next target of 36500 spot. This is because market has spent time in these levels in previous months before and can be expected to do so again. ii) Stocks  Initiated a bull put spread on Adaniports (750/700 pe) based on IVP and bullish action. Coal India broke upwards (continuing from last week post) and we are long call spreads.  Other long candidates are - Bhartiartl above 540, Bajfinance, M&Mfin, HDFC, Kotakbank, Heromotoco, L&TFH, Short candidates are Hindunilvr and Jindalstel. 

Swing positions - neutral Bias for the day - short Range for mean reversion - 35498/35526 Notes - NF and BNF making higher highs and are looking very strong Stocks - Sitting on Kotakbank calls, booked Heromoto