NIFTY is moving up based on announcements by RBI governor.
One should be cautious in long positions as FIIs are selling in futures though buying in cash segment in last four five trading sessions. At least book part profit in all Sell PUT positions recommended earlier.
SBIN
PSU banks may not do well after inflation/IIP data and quarterly results.
Sell SBIN 2450 Call of June expiry at 44 and buy 2500 CALL @ 23. Hold till expiry. Maximum profit could be around 2600 and loss potential about 3600/-
Since there is low liquidity in these options take positions by placing limit orders.
Disclaimer: This blog does not take any responsibility of your profit/loss.
One should be cautious in long positions as FIIs are selling in futures though buying in cash segment in last four five trading sessions. At least book part profit in all Sell PUT positions recommended earlier.
SBIN
PSU banks may not do well after inflation/IIP data and quarterly results.
Sell SBIN 2450 Call of June expiry at 44 and buy 2500 CALL @ 23. Hold till expiry. Maximum profit could be around 2600 and loss potential about 3600/-
Since there is low liquidity in these options take positions by placing limit orders.
Disclaimer: This blog does not take any responsibility of your profit/loss.
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