Tuesday, 2 April 2013

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.

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