Trades for next few days

NIFTY is in downward trend.
It must cross 8780-8790 conclusively on EOD basis for further up-move.
Bank NIFTY is struggling more than NIFTY.

SBI is in down trend.
Trading around 275/-, it will be difficult for SBI to cross 320 in near future.

Sell two lots of 320 CALL contracts around 2/- of April expiration.
This will add credit balance of about Rs. 2500/- in your account.

Yes Bank:
Though it is corrected by Rs. 120, stock is recovering in past couple of days and is consolidating.

Yes Bank has strong support around 760/-
Sell Yes bank 760 PUT of April expiration around 8/-
Sell Yes Bank 920 CALL of April expiration around 9/-
Buy Yes Bank 860 CALL of April expiration around 25/-

This will not take more than Rs. 1500/- from your pocket.
This looks to be reasonably safe strategy. One should exit from the strategy if YESBANK goes below 760 in cash, with very marginal loss.

In short trades should be as below:
Sell two lots of 320 CALL of SBIN around 2/- of April expiration.
Sell Yes bank 760 PUT of April expiration around 8/-
Sell Yes Bank 920 CALL of April expiration around 9/-
Buy  Yes Bank 860 CALL of April expiration around 25/-

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