Tuesday, April 6, 2010

Nifty trade for 6-4-10

Good morning Friends,
Nifty after open at 5375 now going down towards 5350 levels,some profit booking is seen.
Trades for today
Buy Nf @ 5335 SL-5320 T-5350,5370
Short Nf @ 5380 Sl-5400 T-5350,5320,5300
Go only for the trade which ocurs first either long or short.
Short Term stock recomendation
Buy Bhel @ 2420 Sl-2390 T-2470 TARGET ACHIVED
Buy Aban @ 1210 Sl-1165 T-1260,1300 HIT 1235
Buy Abg shipyard @ 261 Sl-248 T-288
Buy Rcom @ 170 Sl-166 T-180++ (Illango sir recomend)
Buy Bajaj Hind @138 Sl-130 T-160 (Illango sir recomend0

Calculation of profit on Option heding Strategy
Short 5100Ce @ 230-280(closing price)=-50
Short 5400Pe @ 175-96 (closing Price)=+79
Nifty long From 5300-5365 (closing Price)=65
Total Profit--50+79+65=94 points
target 200 points till 15 april.


Trade as per 2562 theory
Buy Nf @ 5390 sl-5335 T-5416
Short Nf @ 5341 sl-5394 T-5314

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