Yesterday's [June 25th] Trading Calls Performance [NA = No Profit/Loss] : What Next On Friday, June 26th?

Concerns over a weak monsoon and lower European cues triggered a fresh wave of sell-off, leading the benchmark CNX Nifty to end the settlement day lower, down by 51.10 points on the NSE.

Operators as well as traders squared off positions on the concluding day of the derivatives series.

A weak monsoon could further delay the prospects of a fast recovery in the economy which is already reeling under severe recession pressure weighed on the trading sentiment, according to market players.

European markets exhibited some amount of pressure on opening trade after the Federal Reserve cautioned that the US economy would remain weak for some more time.
In early trade, following firm Asian cues market resumed on a strong footing. But market soon slipped into negative terrain due to profit-taking.

The 50-share benchmark index opened at 4,293.85 and moved in range between 4,337.95 and 4,221.

What Next on Friday, June 26th?
Nifty closed in red at 4,241.85 due to various reasons like weak global market and monsoon worries. The other reason for weakness was low rollover of Nifty, only 50.27% rollover has taken place. Investors are reluctant to take fresh long positions on July futures due to free float calculation method, which is going to be adopted from tomorrow.

Some of the Nifty stocks weight age will come down from tomorrow, especially like ONGC and NTPC, whereas Infosys, L&T and ICICI Bank will get higher weightage. Many funds churned their portfolio today ahead of the new system.

Yesterday's [June 25th] Trading Calls Performance :-
[No Profit & No Loss for June 25th Calls: Position carried for next day]
There was 3 sms sent to all the paid subscribers with following text msg, performance in blue italics.

1. June 25th - 9:55am : Mkt likely to open 1% up & move higher, expect short covering today. For yesterday's positional call Nifty 4200 : Pls book profit from Nifty 4200 Call above 150.- HBJ Capital - Market did open in +ve zone but my mid day it started falling and closed in -ve. On Thu, we gave a buy call on Nifty 4200 Call @100, it went high during early trade & later on fell down, SL was set at Rs80 hence there are some trader who made profit and for some got SL triggered.
2. June 25th - 12:20pm : Buy ICICI Bank (July Series) 700 Call Option trading at Rs55 (lot size = 700). Look for entry price of Rs50-52, SL @ 46, Target 80+ before budget. - ICICI 700 Calls didn't fell inspite of market fall, hence we suggested traders to hold this position for Friday.
3. June 25th - 3pm : Pls Hold ICICI Bank (July Series) 700 Call Option bought at Rs50-52 with SL @ 46, Target 80+ : HBJ Capital - As of now, our trading members must be holding ICICI 700 Call bought at Rs50-52.

-JK, Senior Technical Analyst
DISCLAIMER: Neither the information nor any opinion expressed constitutes an offer, or any invitation to make an offer, to buy or sell any securities or any options, futures nor other derivatives related to such securities ("related investments"). Investors/traders should do their due diligence before taking any action based on our analysis.

Stoplosstrade.com or any of its associates or employees does not accept any liability whatsoever direct or indirect that may arise from the use of the information herein.