Monday, April 12, 2010

Nifty Trades for 12-4-10

Hello friends sorry for late posting.
Today Nifty after open higher slides in red very fast due to sebi matter.
Trades for today.
Short nifty @ 5375 sl-5400 T-5350,5330,5300
Buy Nf @ 5325 Sl-5310 T-5350,5370.
My open Position
I am short 3 lot Nifty try to book profit near 5300.

Calculation of profit on Option heding Strategy
Short 5100Ce @ 230-279(closing price)=-49
Short 5400Pe @ 175-93 (closing Price)=82
Nifty long From 5300-5364 (closing Price)=64
Total Profit- -49+82+64=97 points
target 200 points till 15 april.

Short Term stock recomendation
Buy Aban @ 1210 Sl-1165 T-1260,1300 HIT 1282 target achived book full profit
Buy Abg shipyard @ 261 Sl-248 T-288 Hit -278
Buy Bajaj Hind @138 Sl-130 T-160 (Illango sir recomend)
Buy Bank of India @358 Sl-345 T-370,380 Hit 379 book partial profit.

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