Trades for next week

Hope readers of this blog had considerably good last month, those who could capture big moves in some of the lottery stocks could have earned fortune.

First week is for CALL and PUT sell.

NIFTY has turned down and there is no brainer to expect gap down opening on Monday for obvious reasons and news flows after market hours on Friday. FIIs continued selling.

With gap down opening one would able to find lower levels in NIFTY.

Sell NIFTY 5750 PUT between 22-26 on Monday.

Sell NIFTY 5800 PUT near 28-32 range.

It is unlikely NIFTY could see those levels before February 26, and one should able to pocket the premium.

But don't invest entire capital and preferably allocate 30-40% of the fund for these trades. If need be one should able to average at later date. 

Also since this is smaller trading month than earlier one can sell some risky options.

IDBI

Sell 50 PUT in the range of 0.85-1.20.

IDBI bank is almost neat to its all time low and this is demand level, it might halt before it could show further down fall.

IDFC

Sell 110 CALL between 0.60-0.70. This could be very safe. Even if earlier up-trends IDFC struggled to cross 110-112 level.

In five lacs trading account 10 lots of NIFTY and two lots each of IDBI and IDFC should able to make trader richer by 15 to 17 thousand assuming profit booking before February 15.

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