Monday, October 6, 2008

CAlls for Week

Nifty strategy
Sell one Nifty Oct 4000 CE @ 128-130 and sell one Oct 3800 PE
@ 162-164. LBEP: 3510. UBEP: 4290. Time Frame: 10-12 Days

ICICI Bank: ICICI Bank has observed intense selling pressure in recent
times due to rumours regarding the bank’s exposure in the credit market.
However, the stock is expected to settle near the current levels.
Sell 540 call option @ 28-30 and sell 460 put option @ 18-20;
stop loss (cumulative premium): 55; target: 15-17; timeframe:
10-12 days

DLF: Most of the real state players have faced the heat from weak
sentiments. These stocks have lost more than any other sector. DLF
is trading at its life-low levels. The stock is due for a technical bounceback
from current levels. However, selling pressure in the stock may
be witnessed at higher levels.
Sell 380 call option @ 12-14 and sell 300 put option @ 10-12; stop loss
(cumulative premium): 27; target: 8-10; timeframe: 10-12 days

BHEL: The stock is set to be among the major benefi cieries from
the nuke deal as only the formalities are left once the deal is signed.
The stock may observe fresh accumulation from current levels. Much
downside in the stock is not expected. At the same time, fresh selling
may be observed at higher levels of the stock.
Sell 1650 call option @ 38-40 and sell 1500 put option @ 42-44;
stop loss (cumulative premium): 95; target: 30-35; timeframe:
10-12 days

NTPC: NTPC is also one of the key benefi ciaries from the nuclear
deal and fresh contracts may pour in for the company. The stock is
fi nding great support at 165 levels.
Sell 180 call option @ 5.00-5.50 and sell 165 put option @ 4.00-
4.50; stop loss (cumulative premium): 12; target: 5; timeframe:
10-12 days

Pair strategy

Buy one lot of Tata Motors Oct Fut @ 328-330 and sell one lot
M&M Oct Fut @ 518-520; timeframe: 15-17 days.

Hybrid strategy

Buy one lot of ICICI Bank Oct Fut @ 510-512; buy one lot ICICI
Bank 500 put options @ 28-30 and sell one lot ICICI Bank 540
call option @ 24-26; BEP: 513; timeframe: 15-17 days