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Chanakyaneeti Quantified

Blog posts June 2011

SBI F&O

SBI Futures closed at 2191. As discussed earlier, SBI was to remain weak till today. Now its in the process of bottoming out. My advice to investors is to buy atleast 30% of your quota at present prices. For F&O segment, continue with the positions taken earlier.

SBI F&O

We have 4 short positions on 2200 PE. CMP (futures) SBI is at 2196. Cover all 4 short positions of SBI 2200 PE at CMP of Rs 53.90. Short 6 Puts of 2150 AT CMP 33, and Short 1 Call of 2300 at Rs 16.20. Extra Margin required is around Rs 117500. We still have a cushion of around RS 50000. Next action …

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SBI F&O

SBI Futures is trading at 2224. As posted earlier, it will trade soft till wednesday, i.e. today. Next action on the downside to be taken if futures rate falls below 2200.

SBI F&O

SBI Futures is trading at 2254. Continue with the present positions. Action on the upside at 2300 and downside at 2200.

SBI F&O

SBI Futures closes at 2235. 5. It went up to 2554, but fresh shorts were witnessed. We are safely placed, and hence will continue with the present positions.

....Kujnish Vashisht

SBI F&O

Weakness in SBI is confirmed and is likely to persist till wednesday. Cover two 2400 Calls at CMP Rs 7.25, and short two 2300 Calls at Rs 24. No extra margin is required. Next action on the downside at futures around 2200. CMP of SBI Futures is at 2221.

SBI F&O

SBI Futures fell below 2250 today, but closed at 2350. If it continues to trade below 2250, we should look to shift shorted calls to one strike price up. Weakness in SBI may continue till middle of next week.

SBI F&O

Cover one 2250 Put (Buy) at Rs 56.5, and sell two 2200 Puts at Rs 36.5. Total margin in use should be around Rs 237000. We still have a cushion of Rs 163000.

SBI F&O

SBI is weak and is likely to be rangebound for next few days. SBI Futures is at 2271. Stay with the previous positions, and we will modify positions if Futures falls below 2250.

SBI F&O

SBI was weak, as stated earlier. It may remain weak or may be rangebound for another few days. Maintain positions taken earlier.

SBI F&O

SBI is weak and below 2300. Increase positions by shorting one 2400 CE at CMP Rs 24 and 2200 PE at CMP Rs 25. Additional margin now operational in trade should be around Rs 70000.

SBI F&O

Maintain previous positions. SBI fell below 2300, but has recovered. Will now look to increase positions in next 5-6 trading sessions.

SBI F&O

Markets have fallen, and 5500 is the intraday support.CMP of SBI (Futures) is at 2305. For the day, next action to be taken if it falls below 2275 on the downside.

SBI F&O

There is an unconfirmed news of a Rights issue of SBI in Dec this year. This is good for the Stock. Thus, previous trading Call of Shorting 2450 CE above futures price of 2340 is temporarily withdrawn.

SBI F&O

Continue with previous positions. CMP of futures is at 2328. Can short 2450 CE if it crosses 2350.

SBI F&O

SBI Futures closes at Rs 2326. Continue with the previous positions.

..... Kujnish Vashisht

SBI F&O

SBI Futures is at 2331. Continue with yesterday's positions. May short one 2450 Call if SBI Futures crosses 2350.

........ Kujnish Vashisht

SBI F&O

SBI finished on a smart note, recovering above 2300. Futures Closed at 2325. We shorted 2200 and 2250 Puts in the morning, and they are in to profits. 2400 Call shorted last week is also in to profits. Total profit from SBI till date in June should be around Rs 5400.

.........Kujnish Vashisht

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SBI F&O

SBI Futures is at 2298. Cover 2300 Put at CMP Rs 63, and Sell 1 2250 PE at CMP Rs 42, and 2200 PE at Rs 26.5. Loss from covering 2300 PE is Rs 2563. However this is just a notional loss considering that we are earning an almost same amount of profit from shorting 2400 Call. Overall margin involved i…

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SBI F&O

LTP for SBI Futures was Rs 2326. Continue with short strangle (2400 call and 2300 Put). Earlier today, we shorted 2400 Call at Rs 44 and 2300 Put at Rs 42.5. LTP for 2400 Call was Rs 33 and 2300 Put was Rs 50. This position is in minor profits today. Enjoy your weekend.

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