A new week begins.

NIFTY has already gained 193 points in 6 trading days. The all time high of 11390 may be taken out today if the market follows the trend seen in Asian Markets this morning.

We are already having the following trades:

PUT BUYER :

TATAMOTORS PUT 240

DRREDDY PUT 1950

HINDALCO PUT 195

HEROMOTOCO PUT 3100

RELCAPITAL PUT 370

CALL BUYER :

YESBANK  CALL 400

L&TFH  CALL 190

GAIL  CALL 400

As is expected with a 200 points gain in NIFTY , CALLS are doing better than NIFTY.

With 19 trading days remaining till expiry we are in for lots of ups and downs. We stay with all the above trades and look for new opportunities.

PUT BUYER :

Looking to buy PUTS in a rising market is a tough task. One can just avoid it. But to be proved right contrary to the trend gives a very nice feeling and serves as a test for the selection process as well.

One of the weak stocks in MID CAP segment is TATAGLOBAL.

It had made its 52 week low in August 2017. It can make another low in August 2018 which will be higher than last year’s low but would suit our purpose. The recent low is Rs. 228.60. We expect the stock to go lower than Rs. 220 level before expiry.

TATAGLOBAL PUT 220 traded at Rs. 3.10 on Friday. If we can get it for around Rs. 2.60- 2.80 today, it can turn out to be a good trade if right. Loss is capped at Rs. 6300. ( Lot Size = 2250 )

CALL BUYER :

IBULHSGFIN ( India Bulls Housing Finance ) is in a very bullish trend. It is within sight of its 52 week high of Rs. 1440 achieved in January 2018.

Current price is Rs. 1377.50. Going for a strike about 8% away gives us Strike Price as 1480.

CALL 1480 was traded at Rs. 12.40 on Friday close.

If we can get it for a similar or lower price , it can turn out to be a nice option. Lot size being 500, maximum risk is about Rs. 6000.

CALL 1480 in the price range Rs. 11-13.

These are the two trades worked out for today.

Let us see how the day pans out.

Disclaimer: This post and examples are for teaching purpose only and are not meant as advice/suggestion to trade in these stocks. Trading in Futures and Options can lead to big losses and should be done with appropriate knowledge and advice only. Mentioning the stocks here does not imply that I have a trading position or likely to take a trade in these stocks.