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

Date: 18 MAY, 2017



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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Disclaimer: The author has taken due care and caution to compile and analyse the data. The opinions expressed above are only the views of the author, and not a recommendation to buy or sell. Neither the author nor accept any liability whatsoever arising from the use of any of the above contents.