RE: [sharetrading] NIFTY SPREAD STRATEGY

I have a strong feeling that the market will be closed this expiry near 5300. But it is too far away to speculate and I do not want any hazard positions.

I would be safer with NIFTY Trade long as of now

 

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From: sharetrading@yahoogroups.com [mailto:sharetrading@yahoogroups.com] On Behalf Of OMKAR Godbole
Sent: Thursday, July 15, 2010 3:55 PM
To: sharetrading@yahoogroups.com
Subject: [sharetrading] NIFTY SPREAD STRATEGY

 

NIFTY CURRENTLY TRADING AT 5378.   NIFTY IS EXPECTED TO REMAIN BELOW 5500 FOR THIS EXPIRY. CURRENTLY I WOULD RECCOMMEND ENTERING INTO CALL RATIO BACKSPREAD   BUY 1 OTM CALL OF 5400 JULY EXPIRY        48   SELL 1 OTM CALLS OF 5500 JULY EXPIRY     18                                            TOTAL INITIAL DEBIT                                       30   BREAKEVEN 5408.   MAXIMUM PROFIT WILL BE ACHIEVED IF MARKET CLOSES ABOVE 5450 BUT BELOW 5500 ON EXPIRY MAXIMUM LOSS 30*50 = 1500 MAXIMUM PROFIT = 5000

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Please use your discretion before acting on the ideas expressed in the group.
Happy Trading,
United we grow!!!

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