Sunday, 9 November 2014

Buy OTM PUTs of Ranbaxy, if your profit (gained so far) permits

Book profit in AXISBANK and Ranbaxy strategy.
Reduce NIFTY and INFY sell lots. NIFTY 8300 CALL sell contracts are in profit and INFY is in marginal loss.
NIFTY is continuing up trend and lot of buying by FII everyday will ensure NIFTY crossing 8450 in very near future.
Hold DishTV, It has a potential to cross 65 in cash by weekend. Anyway the trade so far is in profit, it cold go up on Monday as it closed at the highest level on Friday, backed by Sri Lanka news.
There is reasonable profit above 15 K, if someone has entered in all strategies at the same time. It is better to take profit of the table.

Due to business travel and coupled with technical issues with my computer, I may not be regular in writing the post and personally am very light on trades this month. Holding only DishTV CALL buy contract along with NIFTY 8300 CALL sell positions. That too planning to exit soon and sit on cash this month.

One can buy RANBAXY 620 PUT. Since Ranbaxy lost exclusivity, very soon stock might settle near 600. There was suddenly lot of buying with slight decrease in price on Friday, even after the adverse news. This is a typical bull market scenario and stock price absorbed all negativity to reach new highs. It might not sustain if investors take more realistic view from Monday. Now PUTs are cheap and one can make small investment in Ranbaxy PUT buying, if his/her profit permits.

Expect my posts on weekends, though I will try to inform readers if I decide to enter in to any new strategy.

Disclaimer: This blog does not take any responsibility of your profit/loss






No comments:

Post a Comment