Sunday, 5 January 2014

Couple of new trades to start the week and update on RELINFRA

RELINFRA

It hit stop loss on Friday, there was hardly any time to book loss as it turned up from support 406/407 within no time. However, keep an eye and if it goes below 406 in cash again it is better to book loss in 410 PUT sell /400 PUT sell contract.
Hold the trade till it is above 406 in cash.

IDFC:

In general IDFC is being traded in the range of 97-117 for some time now.
Sell 120 CALL between 1.10-1.20. Exit the trade if stock goes above 108.80 in cash within next two days.

More safe trade will be to sell IDFC 125 CALL between 0.55-0.60. This will fetch easy Rs. 2000 on investment of about RS. 50000-60000 as margin money. This will be more than 5 time bank FD yield.

Maruti

Maruti is in up trend. It is unlikely it will go below 1650.
Sell 1650 PUT between 6.50-7.00.

Disclaimer: This blog does not take responsibility of your profit/loss




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