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.
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.
No comments:
Post a Comment