Sunday, February 6, 2011

Nifty may break 5350 on the downside

Markets are in a strong down trend. As suggested earlier every bounce is a shorting opportunity. The global environment especially the Egypt is not good, one should wait till there is some clarity. As American economy is improving, FIIs are removing there investments from India. Adding to it, India is having its own local political issues.One needs to be cautious. I am sharing one option strategy.


Strategy   1  :   Bear Put Spread
Buy/Sell
     Name
Strike Price
CA/PA
No. of lots
Lot Size
LTP
Total Amount(Rs)
 B
 Nifty
5500
 PA
4
50
174.05
-34810
 S
 Nifty
5300
 PA
4
50
77.1
15420
 Total Investment
-19390


Further more, one should go short on TATA MOTORS FEB FUTURES for a target of 1100 with a Stop Loss of 1140 LTP 1133.
One should go short on LARSEN & TUBRO FEB FUTURES for a target of  1525 with a Stop Loss of 1580 LTP 1564.

Enjoy Trading !!!
www.amitsview.blogspot.com

1 comment:

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    http://supercalifragilisticsexyalidocious.blogspot.ca/2012/07/ambushed-by-liebster.html

    RULES:

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    -Tag 11 more bloggers.
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    My questions for u:
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    9) One thing you want to change about the world.
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    ReplyDelete