Nifty & Bank Nifty Trading Strategy as on 08 May’13

Nifty as on 07 May’13– 6043.55 (+72.50)        Bank Nifty as on 07 May’13 – 12631.50 (+235.10)

What a winning march from Bull Camp. It was like; nobody can stop us, just get out from our way. Anyways, I am happy that few of my readers have minted money from my recommended risk free trading strategies in Nifty & Bank Nifty.

Nifty Trading Strategy

In my last article, I have asked to Long Strangle

Nifty Long Strangle
Strike Price Options Recomm LTP Profit
6000 CE 75 117
5900 PE 59 40
134 157 23

Now, traders can hold this position as it is already running in a profit. Or traders can book PE option and stay long in CE option with comfortable stop loss. I expect Nifty to continue its rally for some time.

Bank Nifty Trading Strategy

I have asked to initiate Long Strangle in Bank Nifty also.

Bank Nifty Long Strangle
Strike Price Options Recomm LTP Profit
12800 CE 99 188
12000 PE 150 100
249 288 39

Traders can hold this position with stop loss with cost price. I strongly recommend not to exit only from one position, if you want to exit, exit from both, but not one. As still Bank Nifty is not out of danger, even after such stupendous rise.

At Way2Profits, we always try to give you risk free trading strategies.

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