Nifty April strategy --- office people

Hi All ,
No naked put/call buy /sell , no over leverage

Nifty is in upmove , any pullback will be buy ,
Down side support 11450/11340/11230 , upside targets 11660/11750/11875

Use following strategy :

Buy 11300 APR put @ 120 , 1 lot
Sell 10600 APR put @ 24 , 2 lot (Aggressive traders can sell 3 lots)
Buy 11500 APR call @ 224 ,1lot

Net debit on put is 72 , so when Nifty hits 11650 we will breakeven .
We will square off position at 11740/750 zone

Комментарий:

As mentioned above 11340 was our downside target has come , lets see if it goes to 11230, if it does than we will buy 1 more lot of 11500 call .

Nifty is bullish even it shows 11230 , so its buy only and no shorting

Комментарий:

Folks our position is in profit , Lets see if there is 100 point rally tomorrow.
Infy ,TCS , HCl tech move expected (not very strong ,but nice 30/40 point nifty contribution will be cool)

Комментарий:

11500 call @ 301 -- profit 77 points
10600 put @ 11 --profit 13*2 = 26 points
11300 put @ 73 -- loss 47

Net profit is 56 points i.e 56 * 75 = 4200 currently per lot ,
lets see next week if we get another 25 to 40 points points we will start booking out.

Комментарий:

There
11500 call @ 351 -- profit 125 points
10600 put @ 11 --profit 13*2 = 26 points
11300 put @ 53-- loss 67

85 points profit is 85*75=6375 currenlty per lot ,
Start booking profits folks start booking

Сделка закрыта вручную:

closing out , full profit booking done