Re: RNRL April 75 Call Analysis
RNRL APR 75 CA CLOSED AT 1.4
CALL HAS CLOSED IN THE RED.
CALL WILL BECOME BULLISH ONLY ON A CLOSING BASIS ABOVE Rs 2.
MAJOR RESISTANCE FOR THE CALL IS PEGGED AT 2.55 & UPTREND WILL REGAIN ABOVE 2.55 ONLY
ABOVE 2.55 TARGET IS 3.16 – 3.79
PROFIT BOOKING EXPECTED OR SELLING PRESSURE EXPECTED AT 3.79
IF SUSTAINS ABOVE 3.79 THEN CAN SEE A RISE UPTO 4.40 & 5.04.
CRUCIAL SUPPORT IS PEGGED AT Rs 1.
A BREACH OF Rs 1 WILL TAKE THIS CALL TO 0.66 AND 0.22
0.22 IS THE BOUNCE BACK ZONE & A MAJOR SUPPORT AND THE ONLY LAST HOPE IN CASE OF FURTHER DOWNFALL.
HAVE A NICE WEEKEND.
GANPATI BAPPA MORYA
HARI OM
REGARDS,
NISHIKANT K. HADGE[/B][/QUOTE
Nishkant Bhai, i hv couple of queries on dis RNRL 75 call:
1. if the rnrl is bearish den why shudnt anybody buy a Rs.50 put @ 1.55
2. or I sell a 75 call.
just 2 let u knw, I am newbie in F&O and m on dat learning curve. Thnx in advance.
Mainak
RNRL APR 75 CA CLOSED AT 1.4
CALL HAS CLOSED IN THE RED.
CALL WILL BECOME BULLISH ONLY ON A CLOSING BASIS ABOVE Rs 2.
MAJOR RESISTANCE FOR THE CALL IS PEGGED AT 2.55 & UPTREND WILL REGAIN ABOVE 2.55 ONLY
ABOVE 2.55 TARGET IS 3.16 – 3.79
PROFIT BOOKING EXPECTED OR SELLING PRESSURE EXPECTED AT 3.79
IF SUSTAINS ABOVE 3.79 THEN CAN SEE A RISE UPTO 4.40 & 5.04.
CRUCIAL SUPPORT IS PEGGED AT Rs 1.
A BREACH OF Rs 1 WILL TAKE THIS CALL TO 0.66 AND 0.22
0.22 IS THE BOUNCE BACK ZONE & A MAJOR SUPPORT AND THE ONLY LAST HOPE IN CASE OF FURTHER DOWNFALL.
HAVE A NICE WEEKEND.
GANPATI BAPPA MORYA
HARI OM
REGARDS,
NISHIKANT K. HADGE[/B][/QUOTE
Nishkant Bhai, i hv couple of queries on dis RNRL 75 call:
1. if the rnrl is bearish den why shudnt anybody buy a Rs.50 put @ 1.55
2. or I sell a 75 call.
just 2 let u knw, I am newbie in F&O and m on dat learning curve. Thnx in advance.
Mainak