NIFTY could be just 100 points away from probable reversal point.
If it goes near 8550 and then 8500 June expiration PUT will be trading around 120/-
IT and pharma could do well because USD might cross 65 in coming weeks.
With this background strategy could be as follows:
Strategy 1:
Sell INFY 2000 PUT around 45 of June expiration.
Buy HCLTECH 1000 CALL between 4-5 of May expiry.
Strategy 2:
Buy 4 lots NIFTY 8500 PUT of June expiration only if it goes around 120-125.
In view of rate cut rumor by RBI banks stocks could show some momentum. So below is the strategy.
Strategy 3: Butterfly strategy of SBI
Sell 2 lots of SBI 300 CALLs around 5-6 of June expiration.
Buy 280 CALL of SBI (one lot) around 12-12.50 June expiration.
Buy 310 CALL of SBI (one lot) around 3.5 June expiration.
Maximum profit around 19000 and maximum loss could be 5800/-.
Disclaimer: This blog does not take any responsibility of your profit/loss
If it goes near 8550 and then 8500 June expiration PUT will be trading around 120/-
IT and pharma could do well because USD might cross 65 in coming weeks.
With this background strategy could be as follows:
Strategy 1:
Sell INFY 2000 PUT around 45 of June expiration.
Buy HCLTECH 1000 CALL between 4-5 of May expiry.
Strategy 2:
Buy 4 lots NIFTY 8500 PUT of June expiration only if it goes around 120-125.
In view of rate cut rumor by RBI banks stocks could show some momentum. So below is the strategy.
Strategy 3: Butterfly strategy of SBI
Sell 2 lots of SBI 300 CALLs around 5-6 of June expiration.
Buy 280 CALL of SBI (one lot) around 12-12.50 June expiration.
Buy 310 CALL of SBI (one lot) around 3.5 June expiration.
Maximum profit around 19000 and maximum loss could be 5800/-.
Disclaimer: This blog does not take any responsibility of your profit/loss
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