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
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.
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.
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
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