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
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
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