Quote:
Originally Posted by pkapadia
Buy the following two most active Nifty options for a good short term profit:
June 4200 PUT: LTP 36.65, High 71, Low 20.70. (23-06-08)
June 4300 CALL: LTP 47.05, High 88, Low 40.(23-06-08)
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Hope you all made lots of money. I certainly did today - thanks to the market volatility. When the mkt opened a slight gap up, there was a good chance to buy 4200 Puts (around Rs. 30). It went down to 23 but then kept going up. One could have multiple plays here. Ultimately it hit Rs. 149 high and closed at Rs. 145!!!
4300 Calls went up to about Rs. 57 in the morning, which was a good time to get out if you had purchased around Rs. 46 at the opening. I didn't get out, hit my stoploss, came down to Rs. 15-16 levels when I got back in, got out over Rs. 22, then crashed towards the end to close around Rs. 11. So I have bought 5 4300 Calls as the downside from here is limited, and a good chance of a bounce up.
Stick with the most active options which are 4200 Puts, 4300 Calls and 4300 Puts to play some more for the next two days before expiry. All the best.
Paresh
