Monday, August 30, 2010

Nifty trade for 30-8-10

Nf opens Gap up with positive global cues near 5450++ level reaches 5465 & again return to 5440 level.
If it holds here it can reach again towards 5470 level with positive european market opening.

Trades for today:-
Buy Nf @ 5435 sl-5420 T-5450,5470
Short Nf @ 5464 Sl-5485 t-5450,5445,5420

Buy BN @ 10750 Sl-10700 T-10780,10800,10850
Short Bn@ 10880 Sl-10915 T-10850,10800

Calculation of profiton Option Hedging Strategy

Sold 5600 pe@ 210-211=-1
Sold 5300 ce@ 205-180=25
Short Nf @ 5450-5408=42
Total MTM--1+25+42=66 points.

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