Contact Us | Log In
Search
Sensex: Gold: Rs.28465.00
Nifty: 9964.55 -1.85 Silver: Rs.38175.00
Intraday Derivatives Strategy on BANKNIFTY (Long Straddle) - IndiaNotes.com
Intraday Derivatives Strategy on BANKNIFTY (Long Straddle)
Nirmal Bang | Published: 06 Jul, 2017  | Source : IndiaNotes.com

Date: 06 JULY, 2017


Scrip Name: BANKNIFTY


Strategy – LONG STRADDLE


Buy BANKNIFTY 06JUL 23400 CE at 65


Buy BANKNIFTY 06JUL 23400 PE at 35


Margin Requirement – Rs 4000 (approximately)


Max Profit: Unlimited if BANKNIFTY expires above 23500 or below 23300


Keep a SL of 50 points or Rs 2000 Loss


Maximum Loss: Rs 4000 (100*40) if BankNifty expires at 23400 (if one doesn’t keep SL)


Target 100 points premium gain


Upper Breakeven: 23500


Lower Breakeven: 23300


Reason – The weekly contract of index is up for expiry today. The index generally witnesses more than 100 points move in either direction during expiry. The VIX moving up would indicate a 100 point move on either direction is likely, which will in turn benefit the strategy.


Pay off:


 

  Read full report Click here to read the full report


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.


For more information please write in to editor@indianotes.com


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 IndiaNotes.com accept any liability whatsoever arising from the use of any of the above contents.