Monday 19 August 2013

TRADING STRATEGY FOR 20th AUGUST

TAKE A HEDGE POSITION IN INFOSYS. BUY 3000 CALL @ 55 AND BUY 3000 PUT @50.
MARKET LOT 125 SHARES. HOLD YOUR POSITIONS TILL EXPIRY OR EXIT WHEN IN PROFIT. INFOSYS HAS SUPPORT AT 2775 AND RESISTANCE AT 3100. A CLOSE BELOW 2650 WILL TAKE IT IN DOWNTREND. ON THE OTHER HAND A CLOSE ABOVE 3150 WILL TAKE IT TO RECORD HIGH. THOSE TRADING IN FUTURES CAN SHORT IT WITH A STOP LOSS OF 3100.THE INITIAL TARGET IS 2775. IF THE TRADE IS NOT SUCCESSFUL IN THE AUGUST SERIES, ROLL OVER POSITIONS IN THE SEPTEMBER SERIES.


THE NIFTY LEVELS SUPPORT AND RESISTANCES ARE GIVEN IN MY TRADING STRATEGY FOR 19th AUGUST.

OPTION TRADERS CAN ALSO CREATE HEDGE POSITION IN HINDUSTAN LEVER .ONE CAN BUY 590 CALL AND PUT OPTIONS @ 11 RUPEES EACH. MARKET LOT 500 SHARES. TOTAL INVESTMENT RUPEES 11000. TRADE TILL EXPIRY.

ANOTHER STRATEGY CAN  BE TRIED IS IN BHARTI AIR TEL LTD. ONE CAN BUY 330 CALL AND 320 PUT FOR THE SEPTEMBER SERIES.

THE MARKETS TOMORROW ARE EXPECTED TO BE VOLATILE AND CHOPPY. TRADE IN SMALL LOTS AND WITH CAUTION.

WISH YOU ALL A PROFITABLE TRADING.  CHEERS!

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