NIFTY could show some bounce till 7600-7640 in short time.
FIIs are selling and DIIs are buying in more quantities than FIIs. This situation may not last long. Either FIIs start buying or NIFTY would continue downtrend soon.
For Monday, one can buy NIFTY future of February expiration and buy PUTs as an insurance. Assuming NIFTY would open as gap up one can buy NIFTY future of February expiration and Buy 7400 PUT of January expiration. Of course, PUT will be cheaper, and hence if one gets it (7400 PUT) around Rs. 35-45 then he/she can buy two lots.
As soon as NIFTY shows sizable profit 1.5% to 2%, exit from NIFTY and one lot of PUT. Entire trade will be in profit by then.
If someone does not want to take risk in NIFTY then low risk trade would be in DishTV
Buy DishTV 90 CALL around 0.70-0.80. Target Rs. 1.90.
Risk around Rs. 3500/- to Rs. 4000/-
Disclaimer: This blog does not take any responsibility of your profit or loss.
FIIs are selling and DIIs are buying in more quantities than FIIs. This situation may not last long. Either FIIs start buying or NIFTY would continue downtrend soon.
For Monday, one can buy NIFTY future of February expiration and buy PUTs as an insurance. Assuming NIFTY would open as gap up one can buy NIFTY future of February expiration and Buy 7400 PUT of January expiration. Of course, PUT will be cheaper, and hence if one gets it (7400 PUT) around Rs. 35-45 then he/she can buy two lots.
As soon as NIFTY shows sizable profit 1.5% to 2%, exit from NIFTY and one lot of PUT. Entire trade will be in profit by then.
If someone does not want to take risk in NIFTY then low risk trade would be in DishTV
Buy DishTV 90 CALL around 0.70-0.80. Target Rs. 1.90.
Risk around Rs. 3500/- to Rs. 4000/-
Disclaimer: This blog does not take any responsibility of your profit or loss.
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