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You are here : IndiaNotes >> Market Action >> Derivatives

Intraday Derivatives Strategy in BANKNIFTY (Long Straddle)

Nirmal Bang | 05 Jan, 2017  | Follow Author | Add to my Favourites 
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Date: 05 JANUARY, 2017


Scrip Name: BANKNIFTY


Strategy – LONG STRADDLE


Buy 1 Lot 05JAN BANKNIFTY 18000 CE 62


Buy 1 Lot 05JAN BANKNIFTY 18000 PE 28


Margin Requirement – Rs 3600 (approximately)


Max Profit: Unlimited if BankNifty expires above 18090 or below 17920


Keep a SL of 50 points or Rs 2000 Loss


Maximum Loss: Rs 3600 (90*40) if BankNifty expires at 17900 (if one doesn’t keep SL)


Target 100 points


Upper Breakeven: 18090


Lower Breakeven: 17920


Reason – BankNifty contract is up for expiry today. Over the last few weekly expiry’s it has been noted that the index generally moves more than 200 points in one direction on the expiry day. We expect to take advantage of the volatility. A move of more than 90 points will prove beneficial for 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.


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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