Event Based Option Trading

[Anillal]

For growth's sake, cut rate by 1%: KV Kamath, Chairman, ICICI Bank

BANGALORE: The Reserve bank of India must go bold and big with a 100 basis-point reduction in its main policy rate to spur consumption, KV Kamath said on Wednesday. A sharp cut in the repo rate, he said, is urgently needed if the country's growth prospects are to remain unimpaired.

"I would think that we need to head towards a 100-basis point cut soon," the chairman of the country's largest private lender ICICI Bank told ET in an interview.


--------hopes building up for a rate cut so it is better to play icicibank or sbin on long side------------------

I am pleasantly surprised to find a thread that has my kind of thinking. So first of all thank you sir for opening this thread. Second, perhaps going long on SBI will be a good idea as on friday I have observed the SBI upper band calls were resisiting going down. For green signal Gap up opening on monday is a must.

 

[kiranjakka]

I am pleasantly surprised to find a thread that has my kind of thinking. So first of all thank you sir for opening this thread. Second, perhaps going long on SBI will be a good idea as on friday I have observed the SBI upper band calls were resisiting going down. For green signal Gap up opening on monday is a must.

yah you may be right, but the banks were in sell of mode yesterday by seeing the gdp data which came at 5.5% as hopes faded of a rate cut, lets see it is just a knee jerk reaction to shake of the weak hands :thumb:

 

[Anillal]

yah you may be right, but the banks were in sell of mode yesterday by seeing the gdp data which came at 5.5% as hopes faded of a rate cut, lets see it is just a knee jerk reaction to shake of the weak hands :thumb:

That is why I said gapup opening is must to attract buyers. However going long positionally on banks is pointless in current atmosphere. SBI may give 100points on the long side intraday which is normal but longterm forget it. It has to make at least 1 proper hh and 1 hl on eod before I risk betting my money on it. I am more interested in shortselling it if touches 1925+.

 

[kiranjakka]

 

[kiranjakka]

 

[contactomprakash2000]

Dear Kiran,
Can you explain how the data is to be interpreted?

 

[timepass]

Hike in petrol, diesel prices likely after Friday

..
..
There go the hopes for a bank rate cut. RBI policy on 17th.

 

[kiranjakka]

i am fully loaded in bank call options of icici and bank nifty, dont have hopes on hpcl and bpcl so not touching oil stocks as of now

 

[kiranjakka]

Dear Kiran,
Can you explain how the data is to be interpreted?

nothing much abt this pic prakash the figures tell that fiis and diis were net sellers and our market is also in red marginally :thumb:

 

[kiranjakka]