FIIs are mainly sellers in cash.
As per EW, this could be 4th wave and should not go above 7995.60 in this series.
Global cues are positive and hence one can expect positive opening on Monday. Try and sell NIFTY CALLs of 8000 strike price around 7950 NIFTY levels for next month expiration.
One can sell 7800 PUT contract for next month expiration till NIFTY is above 7810.
Some stocks could show lot of volatility.
One of them could be Dish TV.
Buy DishTV 100 PUT contract and 105 CALL contract.
Total investment could be Rs. 5000/-
Summary of positions could be as follows.
Hold all these positions till total loss does not go beyond Rs. 15000/-
Disclaimer: This blog does not take any responsibility of your profit/loss
As per EW, this could be 4th wave and should not go above 7995.60 in this series.
Global cues are positive and hence one can expect positive opening on Monday. Try and sell NIFTY CALLs of 8000 strike price around 7950 NIFTY levels for next month expiration.
One can sell 7800 PUT contract for next month expiration till NIFTY is above 7810.
Some stocks could show lot of volatility.
One of them could be Dish TV.
Buy DishTV 100 PUT contract and 105 CALL contract.
Total investment could be Rs. 5000/-
Summary of positions could be as follows.
- Sell 2 lots of 7800 PUT contract of December expiration. Your trading account will be credited by around Rs. 17000-18000. See 75-90 levels in next couple of days, that could be time to exit once.
- Buy 105 DISH TV CALL and 100 DISH TV PUT contract. Total outgo will be about Rs. 5000/-
Hold all these positions till total loss does not go beyond Rs. 15000/-
Disclaimer: This blog does not take any responsibility of your profit/loss
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