Based on this view, 20800 PE and 23100 CE of 23rd can be sold.
Credit per lot will be 62 and 72 as of today closing but Monday opening the price will differ.
Total will be 134 points.
Estimated margin will be 92k and profit would be around 2.5k which is 2.6% almost.
If the view goes wrong we may need to adjust accordingly.
Hedge view will be as below. The risk is limited to 5k in this case.
Buy 20500 PE and Sell 20800 PE
Buy 23300 CE and Sell 23100 CE
Estimated margin is 34k and profit is 820 rs .
Although it may seem small, it is 3.5% of capital deployed.
Disclaimer: I am not a SEBI Registered Analyst. This is for educational purpose. Please take position after consulting your advisor.
Just a view. In market there is a saying "bhav bhagwan chee". So i will respect the price action and go with it.
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