Friday, May 09, 2008

Prediction based Trade 35 & 36: Indian market-intraday and weekly

Sensex down 73 points Nifty down 11 points at 10.15 am

Trade 35- intra day

Buy 5 May 5200 puts at current premium of 184

Buy another 5 puts May 5200 at limit price of 173

Trade 36: till next week

Buy 3 puts May 5200 at current premium of Rs 184

Buy another 2 Puts at limit premium of Rs 173

Disclaimer: all risk to be borne by trader

Note: On trade 34 in US market a profit of approx of $ 150 was made on first Sell Call on Dow 30. Second Sell Dow futures call at +95 was triggered and a profit of minimum $ 250 was made as Dow-30 has a near uniterrupted fall of 70 points. Nasdaq Futures sell gave minimum profit of $ 70.Total profit=$ 470. we assume only $ 400 profit could be made( Rs 16000)

 
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