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Positional Derivatives Strategy on BANKNIFTY (Long straddle) -
Positional Derivatives Strategy on BANKNIFTY (Long straddle)
Nirmal Bang | Published: 05 Apr, 2017  | Source :

Date: 05 APRIL, 2017






Buy 1 Lot BANKNIFTY 27APR 21600 CE at 330

Buy 1 Lot BANKNIFTY 27APR 21600 PE at 275


Margin Requirement – Rs 24200 (approximately)


Max Profit: Unlimited if BANKNIFTY expires above 22205 or below 20995

Keep a SL of 100 points or Rs 4000 Loss

Maximum Loss: Rs 24200 (605*40) if BankNifty expires at 21600 (if one doesn’t keep SL)

Target 200 points


Upper Breakeven: 22205

Lower Breakeven: 20995

Reason – The RBI meet for policy announcement is due tomorrow and the volatility is near its bottom and is expected to increase which would help the strategy become profitable. A move of more than 600 points over the next 2 weeks is expected after the policy announcement which would help 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.