All global markets are down and one more big gap down opening is almost certain.
Average NIFTY PUTs.
Sell NIFTY 5900, 5800 and 5750.
If NIFTY goes below 5850 then it is cause of concern. And then better exit PUT Sell contracts. Technically one should see some bounce back till 6100 in next four/five trading sessions.
ICICIBANK
It is near demand level. It might bounce back, if NIFTY supports.
Short ICICI Future at market price.
Buy 4 to 5 lots of 1040 CALL around 12.
Sell 960 PUT around 30-38
Take all positions simultaneously.
Risk is very low, about 3000/- and profit potential more than 10000/-, wait for 5/6 days before you exit also don't hold for more than 5/6 trading days.
Or exit if ICICI goes below 930/-
Disclaimer: This blog does not take any responsibility of your profit/loss
Average NIFTY PUTs.
Sell NIFTY 5900, 5800 and 5750.
If NIFTY goes below 5850 then it is cause of concern. And then better exit PUT Sell contracts. Technically one should see some bounce back till 6100 in next four/five trading sessions.
ICICIBANK
It is near demand level. It might bounce back, if NIFTY supports.
Short ICICI Future at market price.
Buy 4 to 5 lots of 1040 CALL around 12.
Sell 960 PUT around 30-38
Take all positions simultaneously.
Risk is very low, about 3000/- and profit potential more than 10000/-, wait for 5/6 days before you exit also don't hold for more than 5/6 trading days.
Or exit if ICICI goes below 930/-
Disclaimer: This blog does not take any responsibility of your profit/loss
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