Date: 14/09/2014 Share Name: Nifty CMP: 8105.5
Strategy: Combo of Bull Call Spread and Bear Put Spread.
a) Buy 1 lot of 8100 Call of Nifty of Sep Expiry for around Rs. 92.
b) Sell 1 lot of 8300 Call of Nifty of Sep Expiry for around Rs. 14.
a) Buy 1 lot of 8100 Put of Nifty of Sep Expiry for around Rs. 54.
b) Sell 1 lot of 8000 Put of Nifty of Sep Expiry for around Rs. 26.
Profit Target: Rs. 4.700 Stop Loss: Rs. 1,500 (Both in absolute term.)
Reason: Currently Nifty is in a strong uptrend and trading above all the moving averages either be it short term or long term so we should take a long call on the market. We would also hedge our position by taking a small position on the downside if trade go against us. If at the last day of expiry, Nifty closes at above 8300 then this strategy will make the maximum profit of Rs. 4700.
Advisory: Please Trade at your own risk.
Strategy: Combo of Bull Call Spread and Bear Put Spread.
a) Buy 1 lot of 8100 Call of Nifty of Sep Expiry for around Rs. 92.
b) Sell 1 lot of 8300 Call of Nifty of Sep Expiry for around Rs. 14.
a) Buy 1 lot of 8100 Put of Nifty of Sep Expiry for around Rs. 54.
b) Sell 1 lot of 8000 Put of Nifty of Sep Expiry for around Rs. 26.
Profit Target: Rs. 4.700 Stop Loss: Rs. 1,500 (Both in absolute term.)
Reason: Currently Nifty is in a strong uptrend and trading above all the moving averages either be it short term or long term so we should take a long call on the market. We would also hedge our position by taking a small position on the downside if trade go against us. If at the last day of expiry, Nifty closes at above 8300 then this strategy will make the maximum profit of Rs. 4700.
Advisory: Please Trade at your own risk.