Daily Market Analysis 24-Oct-24

Income Futures

Maruti – buy future with selling 2 lot option – doing well

JK CEMENT – Buy – doing well

Sell High Future

DIXON Sell – Super uptrend , betting for correction up to daily 50 SMA

MCX – Good uptrend, hoping for correction till 50SMA

Trend – in Profit

Position with Option Hedge

Asian Paints – 200 SMA support hoping to rise in next 3 month – Position Safe

Apollo Tyres – 200 SMA Support, doing ok

IRCTC – Hold, keep looking for best hedge

Pair Trading

HDFC and ICICI Bank pair is with protected hedge so no issue. the icici hedge is for Nov for keep checking hedge for December.

RSI < 20 Option Buy

Malappuram finance – doing well, hold till expiry

Tata Consumer – doing well, hold till expiry

Nifty Trades

  1. Oct future buy – book 20k profit in nifty 25k put for oct and bought nifty 24450 put Nov series for hedge
  2. Dec sell with 5 lot income is working well
  3. Nov buy with 5 lot income is working well as well

Notes

  1. the 3 month option is available for many stocks and this is good to trade such stock with future and hedge