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Intraday Derivatives Strategy on BANKNIFTY (Long Straddle) - IndiaNotes.com
Intraday Derivatives Strategy on BANKNIFTY (Long Straddle)
Nirmal Bang | Published: 07 Sep, 2017  | Source : IndiaNotes.com

Date: 07 SEPTEMBER, 2017

Scrip Name: BANKNIFTY

Strategy – LONG STRADDLE

Buy BANKNIFTY 07SEP 24400 CE at 35

Buy BANKNIFTY 07SEP 24400 PE at 44

Margin Requirement – Rs 3160 (approximately)

Max Profit: Unlimited if BANKNIFTY expires above 24479 or below 24321

Keep a SL of 40 points or Rs 1600 Loss

Maximum Loss: Rs 3160 (79*40) if BankNifty expires at 24400 (if one doesn’t keep SL)

Target 100 points premium gain

Upper Breakeven: 24479

Lower Breakeven: 24321

Reason – The monthly contract of index is up for expiry today. The index generally witnesses more than  100 points move in either direction during expiry. The increasing PCR indicates more than 110 points move on either direction is likely, which will in turn benefit the strategy.

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About Nirmal Bang

Founded in 1986 by Nirmal Bang, the Nirmal Bang is recognized as one of the largest retail broking houses in India, providing an array of financial products and services. Their retail and institutional clients have access to products such as equities, derivatives, commodities, currency derivatives, mutual funds, IPOs, insurance, depository services and PMS. The Group is headed by Mr. Dilip Bang and Mr. Kishore Bang.


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