Thursday, April 14, 2011

NIFTY TREND


NIFTY TREND HIGH;Can test 5950-6000

Strategy :
Buy Nifty 5900 Call and Sell 6100 Call both for the April series for 100 and 25, respectively.
Sell May 5500 Put for 40. This would mean that the costing for the strategy would be 35 and maximum profit would be 165.
This is with a view that Nifty would remain positive heading towards the 6100 mark this expiry. We have sold 5500 Put, as 5750 is likely to act as a strong support. 

Stock Ideas: 
1. BUY OnMobile Comm
    SL   :- 260
    TGT :- 300


2. BUY Patel Engineering
    SL   :- 172
    TGT :- 200


3. BUY DLF
    SL   :- 245
    TGT :- 275


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