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Intraday derivatives strategy: Buy BANKNIFTY 14 SEP 24900 CE at...

Nirmal Bang | 14 Sep, 2017  | Follow Author | Add to my Favourites 
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Date: 14 SEPTEMBER, 2017


Scrip Name: BANKNIFTY


Strategy – LONG STRADDLE


Buy BANKNIFTY 14SEP 24900 CE at 52


Buy BANKNIFTY 14SEP 24900 PE at 32


Margin Requirement – Rs 3360 (approximately)


Max Profit: Unlimited if BANKNIFTY expires above 24984 or below 24816


Keep a SL of 40 points or Rs 1600 Loss


Maximum Loss: Rs 3360 (84*40) if BankNifty expires at 24900 (if one doesn’t keep SL)


Target 80 points premium gain


Upper Breakeven: 24984


Lower Breakeven: 24816


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 100 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.


For more information please write in to [email protected]


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.




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