Market are moving sideways.
It is better to wait till October end meeting of RBI and then take position. Perhaps this month also market will stay range bound and it is advisable to write NIFTY Options, but after October 30, 2012.
Still one can take option positions as below for rest of the month.
Buy INFOSYS 2300 PUT @ 37.50 and Sell 2250 PUT @ 22.00.
Buy ICICIBANK 1060 PUT @ 22.90 and Sell 1040 PUT @ 16.50
Sell AXISBANK future @ 1240 and Sell 1200 PUT @ 26, but exit this strategy if AXISBANK closes above 1275 on EOD basis.
For Monday October 29, 2012:
Few strategies for Future are as below:
Sell JP Associates if it goes below 90.40 in future. Target 87.20
Sell Dr. Reddys Lab if it goes below 1719 in future Target 1687.
Sell IDFC if it goes below 155.65 in future, Target 151.2
Sell ICICIBank if it goes below 1092 in future. Target 1057.
Sell AXISBANK if it goes below 1240 in future Target 1205.
Disclaimer: These are mere suggestions and blog does not take any responsibility of your profit or loss.
It is better to wait till October end meeting of RBI and then take position. Perhaps this month also market will stay range bound and it is advisable to write NIFTY Options, but after October 30, 2012.
Still one can take option positions as below for rest of the month.
Buy INFOSYS 2300 PUT @ 37.50 and Sell 2250 PUT @ 22.00.
Buy ICICIBANK 1060 PUT @ 22.90 and Sell 1040 PUT @ 16.50
Sell AXISBANK future @ 1240 and Sell 1200 PUT @ 26, but exit this strategy if AXISBANK closes above 1275 on EOD basis.
For Monday October 29, 2012:
Few strategies for Future are as below:
Sell JP Associates if it goes below 90.40 in future. Target 87.20
Sell Dr. Reddys Lab if it goes below 1719 in future Target 1687.
Sell IDFC if it goes below 155.65 in future, Target 151.2
Sell ICICIBank if it goes below 1092 in future. Target 1057.
Sell AXISBANK if it goes below 1240 in future Target 1205.
Disclaimer: These are mere suggestions and blog does not take any responsibility of your profit or loss.
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