NIFTY down again today.
It has reached at crucial level. This was earlier resistance level, could this turn in to support, only time will tell.
Some positive events happened after market closed today.
RBI governor gave some relief to Rupee and it went up during last one hour of trade.
SGX NIFTY went up.
Dollar index is marginal negative.
Sunpharma, Cipla, M&M gave expected set of numbers.
On back of this if NIFTY crosses 6030 in cash, exit all bear positions. Still traders would like to dump money in India for very quick gains. This is trade's market. Closing above 6050 could possibly see new highs in near future. If Rupee opens strong tomorrow morning based on market friendly announcement by RBI governor, stay away from shorting anything.
For bears,
PCR is 0.99, generally PCR slides down fast up to o.8 from 1 and NIFTY falls at least by 50/60 points from such levels.
Lot of unwinding of 6000 CALL during last session of the trade.
Though FIIs are buying in cash they are selling futures and hedging their bets. If Rupee still continues to depreciate one can stay with bear positions and carry till Monday.
let us be very safe and secure profit gained so far.
Short straddle.
Sell 900 Reliance CALL between 4.5-5 and Sell 800 Reliance PUT between 3 and 3.50
Delta of this strategy is 2.6 %.
Do this in two lots each.
As long as delta is less than 17-18 you are safe. If it crosses 18, please prepare to exit from one lot each.
This is very safe and 9 out of 10 times options will end worthless and you will able to keep premium.
Sell 6250 NIFTY CALL around 18 and sell 5750 NIFTY PUT around 14.
Delta of this strategy today is 4.6%. This also do in two lots.
About Rs. 100,000 margin investment should yield more than Rs. 3000 (including brokerage) in just two weeks. This is about 40% return on investment.
Disclaimer: This blog does not take any responsibility of your profit/loss
It has reached at crucial level. This was earlier resistance level, could this turn in to support, only time will tell.
Some positive events happened after market closed today.
RBI governor gave some relief to Rupee and it went up during last one hour of trade.
SGX NIFTY went up.
Dollar index is marginal negative.
Sunpharma, Cipla, M&M gave expected set of numbers.
On back of this if NIFTY crosses 6030 in cash, exit all bear positions. Still traders would like to dump money in India for very quick gains. This is trade's market. Closing above 6050 could possibly see new highs in near future. If Rupee opens strong tomorrow morning based on market friendly announcement by RBI governor, stay away from shorting anything.
For bears,
PCR is 0.99, generally PCR slides down fast up to o.8 from 1 and NIFTY falls at least by 50/60 points from such levels.
Lot of unwinding of 6000 CALL during last session of the trade.
Though FIIs are buying in cash they are selling futures and hedging their bets. If Rupee still continues to depreciate one can stay with bear positions and carry till Monday.
let us be very safe and secure profit gained so far.
Short straddle.
Sell 900 Reliance CALL between 4.5-5 and Sell 800 Reliance PUT between 3 and 3.50
Delta of this strategy is 2.6 %.
Do this in two lots each.
As long as delta is less than 17-18 you are safe. If it crosses 18, please prepare to exit from one lot each.
This is very safe and 9 out of 10 times options will end worthless and you will able to keep premium.
Sell 6250 NIFTY CALL around 18 and sell 5750 NIFTY PUT around 14.
Delta of this strategy today is 4.6%. This also do in two lots.
About Rs. 100,000 margin investment should yield more than Rs. 3000 (including brokerage) in just two weeks. This is about 40% return on investment.
Disclaimer: This blog does not take any responsibility of your profit/loss
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