Options:
NIFTY is unlikely to cross 6100 before this expiry. It could go towards 5750 if RBI does not cut rate/(s) on Tuesday.
Keeping this assumption in mind
1)
Buy NIFTY 5800 PUT @ 16.80
Sell NIFTY 5700 PUT @ 6.00
Sell NIFTY 6100 CALL @ 7.60
Maximum loss could be Rs. 160/per lot if NIFTY does not go below 5783 by end of the month.
Maximum profit could be Rs. 2340/lot by end of the month if NIFTY closes below 5700..
Exit this strategy if there is spurt in market (in case of RBI rate cut) and if NIFTY goes near 6050 Or at least book loss in 6100 CALL if NIFTY goes near 6060. But as mentioned this could be very difficult to happen.
2)
Buy ONGC 250 PUT @1.6
Buy ONGC 270 CALL @ 0.90
Strategy will make profit if ONGC closes above 272.50 or below 247.50.
Maximum loss could be Rs. 2500/- with unlimited profit potential.
NIFTY is unlikely to cross 6100 before this expiry. It could go towards 5750 if RBI does not cut rate/(s) on Tuesday.
Keeping this assumption in mind
1)
Buy NIFTY 5800 PUT @ 16.80
Sell NIFTY 5700 PUT @ 6.00
Sell NIFTY 6100 CALL @ 7.60
Maximum loss could be Rs. 160/per lot if NIFTY does not go below 5783 by end of the month.
Maximum profit could be Rs. 2340/lot by end of the month if NIFTY closes below 5700..
Exit this strategy if there is spurt in market (in case of RBI rate cut) and if NIFTY goes near 6050 Or at least book loss in 6100 CALL if NIFTY goes near 6060. But as mentioned this could be very difficult to happen.
2)
Buy ONGC 250 PUT @1.6
Buy ONGC 270 CALL @ 0.90
Strategy will make profit if ONGC closes above 272.50 or below 247.50.
Maximum loss could be Rs. 2500/- with unlimited profit potential.
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