Nifty Strategy 0708

Idea Ref# - Nifty0708 

Sell Nifty Aug 5300 Call four lots at 80.00; and

Buy Nifty Aug 2012 Fut  two lots at 5300

Strategy: We can take advantage of the huge premiums in the 5300 call. By selling two hundred qty of nifty 5300 call you make Rs. 16000 upfront. On the date of expiry any close below 5140 or  any close above 5460 will give losses. Losses are in the quantum of Rs. 100 per Nifty point on the way down and Rs. 200 per point on the way up.

Stop Loss: Nifty below 5100 or Nifty above 5500.

Regards
SVJ