YESBANK

I can not predict what will happen to TCS in view of this set of numbers. But overall things look good.
I will hold TCS strategy for few more days.
Lot of addition 2500 PUT, which is trading around 45, so stock should not go below 2455 in near term.

YESBANK

YESBANK had given kind of hammer pattern, though not perfect hammer, it could be positive indication for the stock.

Buy YESBANK 880 CALL between 18 and 18.50. Buy only if it reaches in this range.
Target 24, SL 15

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

AUROPHARMA

AUROPHARMA

Stock is trading at all time high and might see some profit booking in next couple of weeks.

Bear spread strategy:
Buy 1300 PUT around 20-22 and sell 1250 PUT around 10-11.
Maximum loss could be around 2500-3000 and profit potential about 10000/-

Risk reward ratio is very good.

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

BOI and TCS: Next week trades

It is advisable to stay positive in banking and IT.
Though my stomach feeling is BANKNIFTY might not go very far, charts are suggesting otherwise. As a short term trader one should follow the charts rather than inner voice!

Bank of India
Stock had bottomed out.
Now it could give fresh run at least till 235-245.

Bull spread strategy in BOI
Buy 220 CALL around 7 and Sell 235 CALL around 2.5.
Maximum loss could be around 4500 but maximum profit could be around 10500/- Risk reward ratio is very good here to enter in to the trade.

TCS
TCS quarterly results will be announced on April 16.

          Strategy for the result:
Consensus on street is TCS might not do well in this quarterly results and there could be some dip in stock post results. But overall stock is near buy zone, from option table 2500 seems to be very strong support, Rupee is weakening against dollar and hence considering all these aspects even slightly better than expected results will take the stock price towards 2900.

Sell TCS 2650 PUT around 70-75
Buy TCS 2500 PUT around 25-30
Buy TCS 2700 CALL around 57-60

Though maximum loss could be about 10000/-, this strategy would have unlimited profit potential.

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

New strategies: ICICIBANK and IFCI

Most of the trades so far were good and strategies generated descent profit.

ICICIBANK
ICICIBANK is in down trend, but now near bottom. Stock could see 345 level again very soon.
Sell ICICIBANK 320 PUT around 11
But if stock goes in other direction keep safety belt ready. Buy 300 PUT around 3.40-3.80.
Maximum profit potential around 9000/- and loss could be around 15000-16000.

IFCI:
It gave strong green candle with good volume.
Bull spread strategy.
Buy 35 CALL of IFCI around 1.20 and Sell 37.50 CALL of IFCI around 0.40
Maximum profit could be about 14000/- and loss could be around 6000/-

In short trends could be as follows:

1. Sell ICICIBANK 320 PUT around 11.
2. Buy ICICIBANK 300 PUT around 3.40-3.80
3. Buy 35 CALL of IFCI around 1.20
4. Sell 37.50 CALL of IFCI around 0.40

After entering in to all the trades best part is there should be about Rs. 2800-3000 credit balance in your account. We should hope, trade goes in desired direction to increase credit balance every day!!
Please note maximum profit in these trades could be 23000-24000 and maximum loss could be around 19000/-

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

Trades for the week ahead

NIFTY has formed a broad range.
There could be very stock specific trades in near future.

LT
It formed base around 1700. Look at the option table.

From chart also it is clear that LT has bounced back from short term support around 1620.

It is reasonably safe to sell PUTs of LT of 1650 contracts around Rs. 14/-
Sell 2 lots of LT 1650 PUTs, this will help in credit balance in your account and around 7000/-

Infosys:
Very good stock for long term investor, but in spite of weakening in Rupee stock was not doing well in comparison with its peers in recent past.

It has entered in to Ichimoku cloud in day chart.
Look at the OI table.

Strong resistance is around 2300 which has maximum OI
So 2350 CALL appears to be safe.
Sell 2350 INFY CALL (one lot) around 25-26.
This will help credit balance in your account around 6500/-

So total credit will be around 15000/- in your trading account.

DishTV
It has given clear breakout with volume and might move further based on the news of set up box portability.

Buy 87.5 CALL around 1.6-1.9.

In short, trades for next week could be as follows:

1. Sell 2 lots of LT 1650 PUTs
2. Sell 1 lot of Infosys 2350 CALL 
3. Buy Dish TV 87.5 CALL

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