Monday, February 11, 2008

Weekly Calls - 11 Feb 08

Buy Axis Bank CMP - 963 TGT - 1359
Dark Horse - Buy JP Associates CMP - 320 TGT - 540
Buy Amtek Auto CMP - 324 TGT - 425
Buy Cadilla Healthcare CMP - 263 TGT - 450
Buy Tata Chemicals CMP - 292 TGT - 394
Technical Calls
Sell Jindal Steel & Power CMP - 2278 Sell on Rallies to 2400/2450 SL - 2655 TGT - 2000/2050
Sell Bombay Dyeing CMP - 736 SL - 765 TGT - 660/640

Derivative Strategy
BUY 50 NIFTY 5000 FEBRUARY PUT 225
SELL 50 NIFTY 4900 FEBRUARY PUT 180
SELL 50 NIFTY 4800 FEBRUARY PUT 125
View: Mildly Bearish Strategy: Ratio Bear Spread
BEP: Rs.4600/-
Max. Risk: Unlimited Max. Profit: Rs. 10,000/-
If Nifty continues to trade below BEP. If Nifty closes between 4800 and 4900 on expiry.
NOTE: Note that, even if view on market goes wrong and Nifty takes support at 5000 and starts moving up, there is still profit potential of Rs. 5000/- in this strategy.

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