40500pe and 41500ce shorts.
#ironcondor
Net gain now will be 5.7% by expiry.

#expirytrade
Book profit before the fall, and then deployed #ironcondor with 40500pe & 41600ce shorts. Net gain by weekly expiry will be 5.4%.

#banknifty
#optionswriting

#expirytrade
Shifted the #ironcondor to 40400pe and 40900ce shorts.
Net gain will be 4.2% for the week for no more adjustments.
#banknifty

Booked loss 1.8% for the week
Deployed the #ironcondor for next week expiry to 39500pe & 40500ce shorts, net gain will be 8.5%. Will try to book 4%.

#banknifty

If banknifty closes below 39500 by next weekly closing this will be a trend reversal signal for short term and we may see levels till 38200-37700.

The trend will resume above 40600 on next weekly closing.

A consolidation in a 1000-1500 points is expected by next expiry, The breakout of the upcoming consolidation will decide the next move.

#banknifty

Morning downfall cost 3%.
Shifted #ironcondor to 39000pe and 40000ce shorts, net will be 4.5% by weekly expiry.
#banknifty

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> GARDEN REACH SHIPBUILDERS (GRSE) (NSE CODE - 5475)

~ BUY IN THE RANGE OF 225-235

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#Thirumalai chemicals_(244-cmp) Investment update.

The stock currently at crucial support zone of 220-240.
If we see a good buying pressure from here the uptrend rally will resume,

✅View wait for the confirmation- a good bullish candle in weekly charts with volume will do.

♦️If any buying triggers are not seen in coming 2-3 weeks, then the stock might consolidate in a range of 200-280 till the next quarterly results.

Will remain bullish for Auto, Chemical speciality and NBFC sectors, the rally might continue for atleast a year more.

Weekly closing above 266-268, will confirm the resumption of the up trend. Keep a watch on it.

Excellent set of results of Q2 Fy21 from Garden Reach Shipbuilders (GRSE)

> FY21 EPS at Rs 21
> Revenue up YoY 45% Up
> PBT up QoQ 3X
> PAT reported 2.5x from last quarter

Garden Reach Shipbuilders (GRSE) available at such a cheap valuation (PE of 12) great addition to your Portfolio.

#GRSE

Team
Equistake