Keep booking profits in IDFC and IFCI. Both companies applied for banking license and one has to wait what RBI does now. There is high likelihood on speculations stocks could continue upward movement.
Book part profit in IDFC 130 CALL option if stock goes close to 137 in cash. IDFC 130 CALL option could be between 10 and 11 then.
IFCI also should give good profit if it crosses 28.25 tomorrow. It could experience some resistance there, better to exit with profit.
Book part profit in Heromotocorp 1700 CALL option. Most of the auto companies reported de-growth and I am not confident about results of Heromotocorp, though it shown strong upmove today. Now 1700 Option is in the money and if stock touches 1730 option value will be about 52/54 and it is good to exit.
Since market recovered very fast there could be profit booking very soon, so it is better to unwind long positions for the time-being.
Hold Ranbaxy PUTs.
Don't forget to average NIFTY 6300 calls
Low risk strategy in KTKBANK
Buy 125 CALL KTKBANK between 3.20-3.50 and Sell 130 CALL of KTKBANK between 2.20- 2.50. Execute both trades simultaneously.
Maximum lass could be 2000-2500 but has profit potential of 7000- 8000 if KTKBANK closes above 130 at the expiry.
Disclaimer: This blog does not take any responsibility of your profit/loss
Book part profit in IDFC 130 CALL option if stock goes close to 137 in cash. IDFC 130 CALL option could be between 10 and 11 then.
IFCI also should give good profit if it crosses 28.25 tomorrow. It could experience some resistance there, better to exit with profit.
Book part profit in Heromotocorp 1700 CALL option. Most of the auto companies reported de-growth and I am not confident about results of Heromotocorp, though it shown strong upmove today. Now 1700 Option is in the money and if stock touches 1730 option value will be about 52/54 and it is good to exit.
Since market recovered very fast there could be profit booking very soon, so it is better to unwind long positions for the time-being.
Hold Ranbaxy PUTs.
Don't forget to average NIFTY 6300 calls
Low risk strategy in KTKBANK
Buy 125 CALL KTKBANK between 3.20-3.50 and Sell 130 CALL of KTKBANK between 2.20- 2.50. Execute both trades simultaneously.
Maximum lass could be 2000-2500 but has profit potential of 7000- 8000 if KTKBANK closes above 130 at the expiry.
Disclaimer: This blog does not take any responsibility of your profit/loss
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