NIFTY went down as expected today.
But still be very cautious, it is not going down in speed, so this might not be end of wave v, on the contrary there is buying at every dip. So in short, still there is strength in market, FIIs are buying, global markets are supporting and overall very positive mood to take NIFTY near 6000/6030 till announcement credit policy.
Market will take direction after RBI policy. Hence let us adjust our as usual low risk trades keeping this view in mind. Buy OTM Calls and Puts. But book profit the soonest you see more than 2% gain over your investment.
Buy 2 lots of NIFTY 6100 CALL of March expiry at around 15-16. Total investment will be about 1500.
Buy 2 lots of NIFTY 5700 PUT of March expiry at around 18-20. Total investment will be about 1800.
Market has to take one direction after credit policy. Book partial profit when you are near break-even point and hold other lot/(s) till expiry/support/resistance levels of NIFTY.
Risk reward ratio is very good. Risk is only Rs. 3200 for total 4 NIFTY lots, but unlimited rewards if market takes decisive route after policy.
Disclaimer: This blog does not take any responsibility of your profit/loss.
But still be very cautious, it is not going down in speed, so this might not be end of wave v, on the contrary there is buying at every dip. So in short, still there is strength in market, FIIs are buying, global markets are supporting and overall very positive mood to take NIFTY near 6000/6030 till announcement credit policy.
Market will take direction after RBI policy. Hence let us adjust our as usual low risk trades keeping this view in mind. Buy OTM Calls and Puts. But book profit the soonest you see more than 2% gain over your investment.
Buy 2 lots of NIFTY 6100 CALL of March expiry at around 15-16. Total investment will be about 1500.
Buy 2 lots of NIFTY 5700 PUT of March expiry at around 18-20. Total investment will be about 1800.
Market has to take one direction after credit policy. Book partial profit when you are near break-even point and hold other lot/(s) till expiry/support/resistance levels of NIFTY.
Risk reward ratio is very good. Risk is only Rs. 3200 for total 4 NIFTY lots, but unlimited rewards if market takes decisive route after policy.
Disclaimer: This blog does not take any responsibility of your profit/loss.
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