Sunday, 11 November 2012

Strategies for November 12, 2012

Finally market shown some signs of correction. It may not last long, however, still one can easily expect 5550 level for NIFTY in near future.


Option strategy for week starting from November 12, 2012.
Enter into this strategy only if LT goes below 1619 in future.
Buy LT 1600 Put @ 22 and sell 1550 PUT @ 9. Maximum loss could be Rs. 3250 whereas strategy has profit potential of Rs. 9250/- at expiry.

Future strategies.
Sell IFCI future only if it goes below 29.55 target 28.35 SL 30.05.
Sell LT future below 1618/1619, target 1536, SL 1651
Sell ONGC future below 256. 20. target 242, SL 257.80
Buy RELINFRA future only if it goes above 480.40, target 488.20 SL 477.10

Disclaimer: This blog does not take any responsibility of your profit or loss.

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