Market is bullish, but now it does not seem to have head room left for strong upward move after policy decision.
Buy NIFTY 5800 PUT of May expiry around 32-35.
Exit only if NIFTY crosses 6120 in next two/three days. Hold if NIFTY goes below 5820 in SPOT.
Or book profit at 72.
Maximum loss less than 1750 per lot.
Bear Spread strategy:
Buy NIFTY 5800 PUT of May expiry around 32-35 and sell NIFTY 5700 PUT around 20-25.
Maximum loss could be about 400-500 and profit potential Rs. 2000-2100.
Exit if profit is more than 2% and don't wait till realization of full Rs. 2000. One will able to gain Rs. 2000 only if NIFTY closes below 5700 by May expiry.
If NIFTY goes above 6120 then exit only from 5800 PUT buy and stay with 5700 PUT sell, so eventually trade will end in to marginal profit by end of the month.
Disclaimer: This blog does not take any responsibility of your profit/loss.
Buy NIFTY 5800 PUT of May expiry around 32-35.
Exit only if NIFTY crosses 6120 in next two/three days. Hold if NIFTY goes below 5820 in SPOT.
Or book profit at 72.
Maximum loss less than 1750 per lot.
Bear Spread strategy:
Buy NIFTY 5800 PUT of May expiry around 32-35 and sell NIFTY 5700 PUT around 20-25.
Maximum loss could be about 400-500 and profit potential Rs. 2000-2100.
Exit if profit is more than 2% and don't wait till realization of full Rs. 2000. One will able to gain Rs. 2000 only if NIFTY closes below 5700 by May expiry.
If NIFTY goes above 6120 then exit only from 5800 PUT buy and stay with 5700 PUT sell, so eventually trade will end in to marginal profit by end of the month.
Disclaimer: This blog does not take any responsibility of your profit/loss.
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