Sell NIFTY OTM CALL

Sell 6400 CALL of July expiry between 25 to 30.
Or
Sell 6300 CALL of July expiry between 40-45.


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

Sell OTM CALL and PUT

Sell 6300 NIFTY Call for June expiry at around Rs. 19-20
Sell 5300 NIFTY Put for June expiry at around 15-18 or Sell 5400 NIFTY Put of June expiry around Rs. 20-22.

Stop Loss: Rs. 50/55.

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

IDFC, NIFTY and AXISBANK

Market is in up trend and it will be very risky if anyone tries to be short in this strong upward momentum. But risk reward ratio will be very promising if someone is willing to take the risk. It is evident from following recommendations, especially in view of curtailed expiry week this could be low risk.
Mere purpose of this blog is to find the treads which are with very low risk.

Buy IDFC 150 Put at 0.60. Maximum loss could be 1200.
Banking stocks have done phenomenally well during my vacation last week.
Some of the banks will declare quarterly results, and if NPA situation is not good perhaps BANKNIFTY will show reversal. In this case normally all those stocks which gone up on euphoria or expectation of rate cut will show correction. IDFC could be one of them. It could again go back to 140 level in next three trading sessions and risk reward ratio could be 1.2: 20.

NIFTY also could show downward moment if Bank NIFTY turns down a bit.
Buy NIFTY 5900 PUT @ 125-135. SL 65
NIFTY will continue downtrend if it closes below 5715.

If in case market continues up trend next week, Banking will be again contributor. Axisbank will declare results on April 24. It could go either way on last trading day of this month's expiry.
Just to safeguard above two trades viz. IDFC and NIFTY below is bull spread strategy for Axisbank.
Buy 1440 CALL @ 18-20 and sell 1450 CALL @ 21-23.
Maximum loss could be Rs. 750 and maximum profit could be 1750. One can take multiple positions in this to secure some loss if NIFTY moves upwards during next week too.

So if market continues uptrend most probable scenario could be
loss in IDFC=1200
loss in NIFTY=5000
Profit in three lots of Axisbank =5000
Net loss about 1000 to 2000

If market moves downward and slides down,
profit in IDFC could be as big as 10000-20000, note IDFC has very strong support @ 140 level.
profit in NIFTY could be Rs. 7000-10000 or more
and loss in Axisbank could be Rs. 2250. In short profit potential is enormous if someone takes the risk of few thousands.


SBIN 2250 call sell recommended earlier is showing loss of about Rs. 5000/lot. I think this loss could be considerably reduced over next three trading sessions.


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


  

DLF And NIFTY

Broader market is not sustaining at higher level, it is still in bear trend but it seems it has formed short term upward trend. It could not sustain though at higher levels, however as long as it is above 5520 it could continue uptrend.

Bull spread strategy DLF
Buy 250 Call between 6-6.50 and sell 260 call between 3.20-3.60.
Maximum loss could be around 2900 and maximum profit could be about 7000 if DLF closes by end of month above 260.

Book profit as soon as gain is about 2%. If DLF touches 257/258 in next two/three trading sessions one would already gain 2% and need not wait till full profit realization.

NIFTY:
Sell NIFTY 5800 CALL @ 9-10 and Sell 5400 PUT @ 20-22.
Stop loss 30/32

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

Reliance

Sell Reliance 840 CALL of April expiry between 5 to 5.50

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

INFY, ICICIBK, SBIN

Maruti:
Buy Maruti April Future if it goes above 1423.50.
Buy 1400 PUT at the same time when you buy future @ 1423.50, approximately 1400 PUT should be around 34-38 then.
Exit both future and 1400 option at 1465.
In that scenario Maruti future will fetch Rs. 43, and 1400 Option could be around 21 and lead Rs. 13 loss. So total profit could be Rs. 30 and Rs. 7500 per strategy.

Maruti is still under ichimoku cloud but CCI is about to cross 100, and whenever it does happen, normally stock shows spurt in price. Also volume has gone up considerably in last trading session.

Infosys:
Buy 2700 PUT @ 47-50.
Infosys quarterly results will be declared on Friday.
Last time Infosys had shown 200 points jump after the results. But now maybe Rupee is appreciating, general IT stocks are in downtrend, environment is not very favorable for IT stocks. If guidance is not matching as that of last time INFY can come in range of 2800 and option price could be in the range of 80-100.
Exit this option contract after results in either case. If stock breaks recent highs after result exit at loss. Potential loss could be around Rs. 2500 if one could exit when option price is around 23-25 after results.

Bearspread stratgy for ICICIBANK

Buy 980 PUT around 20-21 and Sell 960 PUT around 14-15.
Maximum loss could be approximately 1500 and profit 3500. One need not wait till generates profit 3500 but should book profit after 2% gain or when stock touches 960.

SBIN:
Sell SBIN 2250 CALL between 8 to 9. There is only 13% chance that it will cross 2250 at April expiry. It could be easy Rs. 1000 gain, excluding brokerage and trading expenses. Low risk traders should enter this trade. It will be easy Rs. 650-700 gain including brokerage  within next 20 days on an investment of Rs. 25000/-. This is more than three times bank interest.

Banknifty and JP ASSOCIATE

BANKNIFTY

Bearspread strategy:
Buy 11100 PUT at 200-210 and sell 11000 PUT at 160-170
Maximum profit around Rs. 1500 and maximum loss around Rs.950.

One can take multiple lots depending upon risk taking ability.

Bit risky strategy:
Sell JP Associate future @ 63.5 and buy buy 65 CALL around 2.50. This is strategy only for tomorrow. Target 61/59.5 in future.
Once it reaches target, exit both Future and 65 CALL option. If one could exit tomorrow, loss would not be more than 2000-3000/- . Profit potential about 3000 to 4000.

Disclaimer: This blog does not take responsibility of your profit/loss

LT

L & T
LT is in downtrend.

Bear spread strategy for LT.
Buy 1380 PUT of April expiry between 38.50-39.25 and Sell 1360 PUT of April expiry between 31-32.
Maximum loss could be 1700 to 1800 if LT changes the trend.
Maximum profit could be 3100-3300 if LT closes below 1360 at expiry.
One should not wait till expiry and book profit as soon as there is 2% gain over the investment. This could be possible if LT reaches 1360 in next 10 days.

To insure against potential loss of 1700 in above bear spread strategy,
Sell LT 1580 CALL of April expiry @ 4-4.5. The chances of LT crossing 1580 before April expiry is just 10%. One should able to get Rs. 1000 out of this trade and should cover the potential loss from above bear spread strategy.

In short there are three trades:
Buy 1380 PUT of April expiry between 38.50-39.25
Sell 1360 PUT of April expiry between 31-32.
Sell LT 1580 CALL of April expiry @ 4-4.5.

Maximum profit about Rs. 4500 and maximum loss (assuming there is 90% probability LT will not cross 1580 before last Thursday of this month) could be Rs. 700-800.
Total investment in these three trades could be about Rs. 60000/70000 depending upon the broker and chosen brokerage scheme. So this is 7 to 8 times bank interest and this is worth taking risk.

I reiterate one should exit once LT touches 1360 and book profit. One need not wait till he/she gains full Rs. 4500 by end of the month.

Low risk takers should only do following.
Sell LT 1580 CALL of April expiry @ 4-4.5.
It will be easy gain of about Rs. 1000 on about Rs. 25000 investment as margin money.

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

Axisbank

Axisbank:

Sell Axisbank 1400 CALL of April expiry between 9.50-10.20. Chances of closing above 1400 is mere 15% that means there is 85% chance that one should able to pocket approximately 2500 in next 25 days. Margin money required will be about 30,000. This is 7 to 8 times more than bank FD returns, but there is 15% risk!

Those who can take little more risk should sell 1350 CALL of April expiry between 20-23. Target 16 for this week. There are more than 76% chances that it will achieve target for handsome gain of about 1000 to 1500 in short span of time. Exit this trade if Axisbank goes above 1370 in cash with small loss.

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

IDFC, Ranbaxy and NIFTY

Bear-spread strategy:
Buy IDFC 140 PUT @ 4.60-4.80 and Sell 130 PUT 1.80-2.00
Book profit after after 2% gain. Maxim loss could be about Rs. 5600-5800. In general 2% gain will possible if IDFC reaches 134/135 within this week.

Sell NIFTY 6300 June expiry CALL @ 14/15

Sell Ranbaxy 480 CALL April expiry @ 4.75/5.10

Tatamotors

Sell TATAMOTORS  220 PUT @ 1.10-1.25 and Sell TATAMOTOTORS 300 CALL @ 2.00-2.20 of April expiry.

Yes Bank

Sell Yes Bank 500 CALL April expiry between 1.80-2.30