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Intraday Derivatives Strategy on BANKNIFTY (Long Straddle) - IndiaNotes.com
Intraday Derivatives Strategy on BANKNIFTY (Long Straddle)
Nirmal Bang | Published: 18 May, 2017  | Source : IndiaNotes.com

Date: 18 MAY, 2017


Scrip Name: BANKNIFTY


Strategy – LONG STRADDLE


Buy 1 Lot 18MAY BANKNIFTY 22800 CE at 44


Buy 1 Lot 18MAY BANKNIFTY 22800 PE at 44


Margin Requirement – Rs 3520 (approximately)


Max Profit: Unlimited if BANKNIFTY expires above 22888 or below 22712


Keep a SL of 50 points or Rs 2000 Loss


Maximum Loss: Rs 3520 (88*40) if BankNifty expires at 21800 (if one doesn’t keep SL)


Target 100 points


Upper Breakeven: 22888


Lower Breakeven: 22712


Reason – The weekly contract of index is up for expiry today. The index is likely to witness high movement today with the global indices witnessing more than 1% move. The VIX is likely to move up sharply indicating a 100 point move on either direction is more likely which will in turn benefit the strategy.


Pay off:


 

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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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