NIFTY is going up, strong FII's buying with volume was noticeable in past few trading sessions. This could take NIFTY in north direction for some time. However, it could face strong resistance near 6310-6320.
Based on above possibility, below are some proposed trades.
NIFTY
Sell NIFTY 6400 CALL of March expiration in the range of 43-48
Sell NIFTY 6450 CALL of March expiration in the range of 26-30
Sell NIFTY 6500 CALL of April 24 expiration in the range of 65-68
DLF
Buy DLF 130 PUT around 1.80-2.00
If NIFTY corrects from 6310 level as anticipated, DLF would see stiff fall sub 130 levels.
To cover your cost, sell DLF 120 PUT around 0.60 and two lots of NIFTY 6450 CALLs.
Disclaimer: This blog does not take any responsibility of your profit/loss
Based on above possibility, below are some proposed trades.
NIFTY
Sell NIFTY 6400 CALL of March expiration in the range of 43-48
Sell NIFTY 6450 CALL of March expiration in the range of 26-30
Sell NIFTY 6500 CALL of April 24 expiration in the range of 65-68
DLF
Buy DLF 130 PUT around 1.80-2.00
If NIFTY corrects from 6310 level as anticipated, DLF would see stiff fall sub 130 levels.
To cover your cost, sell DLF 120 PUT around 0.60 and two lots of NIFTY 6450 CALLs.
Disclaimer: This blog does not take any responsibility of your profit/loss
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