Unlock the potential of your trades in January 2024 with our expertly curated recommendations. Dive into a month of strategic investment decisions and maximize your market gains.
Recommendation 11 - 19th Jan'24
ICICIGI exhibits a daily chart breakout with increased volumes and fresh long positions on 17th January 2024. Rebounding from trendline resistance on 18th January indicates robust buying at support. Deploy a Skip Strike Butterfly strategy: buy 1 lot of 1,450 CALL at 27, buy 1 lot of 1,550 CALL at 3, and sell 2 lots of 1,480 CALL at 16, expiring on 25th January. Capital required is 75,000, with a max profit of 15,789 and max loss of 19,100. Profitable if ICICIGI closes below 1,511 on 25th January.
Recommendation – ICICIGI (Skip Strike Butterfly Strategy)
Contract – ICICIGI Skip Strike Butterfly 25th Jan 2024
CALL 1,450 – Buy @ 27 (1 lot)
CALL 1,550 – Buy @ 3 (1 lot)
CALL 1,480 – Sell @ 16 (2 lots)
Max Profit – 15,789/-
Max Loss – 19,100/-
Breakeven – 1,511/- (Loss will start above 1,511)
Margin Required – 75,000/-
Probability of Profit (POP) – 89%
Research Analyst - Ashwin Ramani
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Recommendation 10 - 18th Jan'24
Maruti is in a bearish trend, breaching critical supports and indicating a shift in sentiment. A Bear Put Ladder strategy involves buying 9,800 PUT at 128 and selling 9,700 PUT at 95 & 9,500 PUT at 54 (25th Jan expiry). Capital needed is 75,000, with a maximum profit of 5,628 and unlimited loss. Profit occurs if Maruti trades above 9,400 by 25th Jan (monthly expiry), leveraging the current market conditions.
Recommendation – MARUTI (Bear Put Ladder Strategy)
Contract – MARUTI Bear Put Ladder 25th Jan 2024
PUT 9,800 – Buy @ 128 (1 lot)
PUT 9,700 – Sell @ 95 (1 lot)
PUT 9,500 – Sell @ 54 (1 lot)
Max Profit – 5,628/-
Max Loss – Unlimited
Breakeven – 9,400/-
Margin Required – 75,000/-
Probability of Profit (POP) – 98%
Research Analyst - Om Mehra
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Recommendation 9 - 17th Jan'24
NIFTY reached an all-time high at 22,124 on 16th Jan 2024, but has faced resistance around 22,100. Foreign Portfolio Investors show subdued activity. The Long-Short ratio hints at consolidation. Max call OI at 22,000; max put OI at 21,000. To capitalize, deploy a Protective Call: Buy 1 lot of 21,800 CALL at 200, sell 1 lot of Nifty futures at 21,800, both expiring on 25th Jan, requiring a capital of 25,000. Maximum profit is unlimited, with a capped loss of 10,040. The strategy profits if NIFTY closes below 21,600 by 25th Jan.
Recommendation – NIFTY (Protective Call Strategy)
Contract – NIFTY Protective call 25th Jan 2024
CALL 21,800 – Buy @ 200 (1 lot)
NIFTY FUTURES – Sell @ 21,800 (1 lot)
Max Profit – Unlimited
Max Loss – 10,040/-
Breakeven – 21,600/-
Margin Required – 25,000/-
Probability of Profit (POP) – 31%
Research Analyst - Ashwin Ramani
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Recommendation 8 - 16th Jan'24
BANK NIFTY shows a bullish trend with strong support at 47,000 and potential resistance at 49,000. A Front Spread strategy involves buying 1 lot of 48,500 CALL at 389 and selling 2 lots of 49,000 CALL at 206 (25th Jan expiry). Capital required is around 90,000, offering a maximum profit of 7,755 and unlimited loss. Profit occurs if BANK NIFTY stays below 49,528 by 25th Jan.
Recommendation – BANK NIFTY (Front Spread Strategy)
Contract – BANK NIFTY Front Spread 25th Jan 2024
CALL 48,500 – Buy @ 389 (1 lot)
CALL 49,000 – Sell @ 206 (2 lots)
Max Profit – 7,755/-
Max Loss – Unlimited
Breakeven – 49,528/-
Margin Required – 90,000/-
Probability of Profit (POP) – 89%
Research Analyst - Ashwin Ramani
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Recommendation 7 - 15th Jan'24
FIN NIFTY is range-bound between 21,000-21,600, with 21,600 acting as strong resistance. Key open interest is at 21,400 (put) and 22,000 (call). Exiting call writing at 21,600 could lead to upward movement. To capitalize, consider a Bull Call Ladder: Buy 21,500 CALL at 144, sell 21,600 CALL at 104, and sell 21,800 CALL at 47 (all expiring on 23rd Jan). Capital needed: ₹1,20,000. Max profit: ₹4,520; max loss: unlimited. Profit if FIN NIFTY is below 21,925 on 23rd Jan.
Recommendation – FIN NIFTY (Bull Call Ladder Strategy)
Contract – FIN NIFTY Bull Call Ladder 23rd Jan 2024
CALL 21,500 – Buy @ 144 (1 lot)
CALL 21,600 – Sell @ 104 (1 lot)
CALL 21,800 – Sell @ 47 (1 lot)
Max Profit – 4,520/-
Max Loss – Unlimited
Breakeven – 21,925/-
Margin Required – 1,20,000/-
Probability of Profit (POP) – 86%
Research Analyst - Ashwin Ramani
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Recommendation 6 - 12th Jan'24
INDIGO shows an ascending triangle breakout on the daily chart, with 3,000 acting as new support. Put open interest is highest at 3,000, and call resistance is at 3,100. A Front Spread strategy suggests buying 3,020 CALL at 81 and selling 2 lots of 3,120 CALL at 42 (25th Jan expiry). Capital needed is 1,60,000, offering max profit of 30,284 and unlimited loss. Profit occurs if INDIGO is below 3,223 on 25th Jan. Monitor closely for a potential move higher if call writers exit at 3,100.
Recommendation – INDIGO (Front Spread Strategy)
Contract – INDIGO Front Spread 25th Jan 2024
CALL 3020 – Buy @ 81 (1 lot)
CALL 3120 – Sell @ 42 (2 lots)
Max Profit – 30,824/-
Max Loss – Unlimited
Breakeven – 3,223/-
Margin Required – 1,60,000/-
Probability of Profit (POP) – 89%
Research Analyst - Ashwin Ramani
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Recommendation 5 - 11th Jan'24
NIFTY at a crucial support of 21,500, historically proving resilient. Open interest shows 22,000 as strong resistance and 21,500 as solid support. Suggesting a Bull Call Ladder Spread: Buy 21,750 CALL at 131, sell 21,850 CALL at 87, and sell 21,950 CALL at 56, all expiring on 18th January. Capital needed is approximately 1,25,000, with max profit at 5,572 and unlimited loss potential. Profitable if NIFTY stays below 22,060 by 18th January.
Recommendation – NIFTY (Bull Call Ladder Strategy)
Contract – Bull Call Ladder Spread 18th Jan 2024
CALL 21750 – Buy @ 131
CALL 21850 – Sell @ 87
CALL 21950 – Sell @ 56
Max Profit – 5,572/-
Max Loss – Unlimited
Breakeven – 22,061/-
Margin Required – 1,25,000/-
Probability of Profit (POP) – 86%
Research Analyst - Ashwin Ramani
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Recommendation 4 - 10th Jan'24
Bank Nifty exhibits a bearish trend with lower highs and an RSI bearish divergence. A potential trade is a Bear Put Spread: buy 47,500 PUT at 472 and sell 47,400 PUT at 420 (17th Jan expiry). Capital needed is 25,000, offering a max profit of 719 and max loss of 781. Profitable if BANK NIFTY closes below 47,447 on 17th Jan.
Recommendation – BANK NIFTY (Bear Put Spread Strategy)
Contract – Bear Put Spread 17TH Jan 2024
PUT 47500 – Buy @ 472
PUT 47400 – Sell @ 419
Max Profit – 719/-
Max Loss – 781/-
Breakeven – 47,447/-
Margin Required – 20,000/-
Research Analyst - Ashwin Ramani
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Recommendation 3 - 9th Jan'24
FINNIFTY faces strong resistance at 21,600, forming a triple top on the daily chart. Optimal for a Bear Call Spread, buy 21,700 CALL at 37 and sell 21,600 CALL at 56 (both expiring on 16th Jan). Capital needed is 20,000, with max profit at 798 and max loss at 3,202. Profitable if FINNIFTY closes below 21,620 on 16th Jan.
Recommendation – FINNIFTY (Bear Call Spread Strategy)
Contract – Bear Call Spread 16th Jan 2024
CALL 21700 – Buy @ 37
CALL 21600 – Sell @ 56
Max Profit – 798/-
Max Loss – 3,202/-
Breakeven – 21,620/-
Margin Required – 20,000/-
Probability of Profit (POP) – 79%
Research Analyst - Ashwin Ramani
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Recommendation 2 - 8th Jan'24
Strategy: Iron Condor Strategy
Contract: Nifty 11th Jan2024
Put 21,500 - Buy @34
Call 22,000 - Buy @32
Put 21,600 - Sell @58
Call 21,900 - Sell @56
Max profit: 2,382
Max loss: 2,618
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Recommendation 1 - 5th Jan'24
Strategy: Iron Condor Strategy
Contract: Nifty 11th Jan2024
Put 21,500 - Buy @34
Call 22,000 - Buy @32
Put 21,600 - Sell @58
Call 21,900 - Sell @56
Max profit: 2,382
Max loss: 2,618
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