1)
Sell DLF Future at current level around 220 and Buy DLF 220 CALL around 3.
Maximum loss 3000/- and if it goes down till about 200 which appears to be strong support till expiry, this strategy has profit potential of about Rs. 16000 to 17000/-
2)
Sell TATAMOTORS Future at current level @ around 299.50 and buy TATAMOTORS 300 CALL @ around 4/-
Maximum loss could be around Rs. 4500. TATAMOTORS has first support @ 288 and second @ 279. Hence this strategy has profit potential around Rs. 15000 to 16000 @ expiry.
There is lot of talk about US fiscal cliff, so there is possibility that market may react to it and shall show slight bearishness. If NIFTY stabilizes in range of 5820/5780 then there could be up move again in expectation of rate cut in January 2013. I see 5786 and 5726 as clear mega hurdles for NIFTY to continue bearish trend.
Sell DLF Future at current level around 220 and Buy DLF 220 CALL around 3.
Maximum loss 3000/- and if it goes down till about 200 which appears to be strong support till expiry, this strategy has profit potential of about Rs. 16000 to 17000/-
2)
Sell TATAMOTORS Future at current level @ around 299.50 and buy TATAMOTORS 300 CALL @ around 4/-
Maximum loss could be around Rs. 4500. TATAMOTORS has first support @ 288 and second @ 279. Hence this strategy has profit potential around Rs. 15000 to 16000 @ expiry.
There is lot of talk about US fiscal cliff, so there is possibility that market may react to it and shall show slight bearishness. If NIFTY stabilizes in range of 5820/5780 then there could be up move again in expectation of rate cut in January 2013. I see 5786 and 5726 as clear mega hurdles for NIFTY to continue bearish trend.
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