OI table analysis:
Lot of addition of PUTs in 8150 contract it is trading around 30, so NIFTY should take strong support around 8115-8120. Only huge gap down (open below 8070) will negate this view, otherwise NIFTY will try and regain 8115-8120 level very quickly in opening session.
Though lot of PUT additions, IVs have gone up and this could be primarily PUT buying for hedging long positions.
Still support at 8000 level and resistance at 8200 level.
No new trade in NIFTY tomorrow. FIIs sold today in slightly larger quantity. India VIX is at all time low. Generally IVs are going down.
To take advantage buy 8000 PUT of December expiration around 100-110. Any negative outcome of election could take NIFTY near 7500. So worth investing Rs. 6000/-
To cover the risk, buy 8400 CALL of October expiration. One can buy few lots more of 8400 CALLs of October expiration than 8000 PUT of December expiration. If NIFTY goes above 8180 before expiry, first week of October should take NIFTY near 8350. That should be the good time to book profit in 8400 CALLs.
Book profit in AUROPHARMA.
Disclaimer: This blog does not take any responsibility of your profit/loss.
Lot of addition of PUTs in 8150 contract it is trading around 30, so NIFTY should take strong support around 8115-8120. Only huge gap down (open below 8070) will negate this view, otherwise NIFTY will try and regain 8115-8120 level very quickly in opening session.
Though lot of PUT additions, IVs have gone up and this could be primarily PUT buying for hedging long positions.
No new trade in NIFTY tomorrow. FIIs sold today in slightly larger quantity. India VIX is at all time low. Generally IVs are going down.
To take advantage buy 8000 PUT of December expiration around 100-110. Any negative outcome of election could take NIFTY near 7500. So worth investing Rs. 6000/-
To cover the risk, buy 8400 CALL of October expiration. One can buy few lots more of 8400 CALLs of October expiration than 8000 PUT of December expiration. If NIFTY goes above 8180 before expiry, first week of October should take NIFTY near 8350. That should be the good time to book profit in 8400 CALLs.
Book profit in AUROPHARMA.
Disclaimer: This blog does not take any responsibility of your profit/loss.
No comments:
Post a Comment