Derivate Market Trading - April 09 2007
1 Dollar value is 42.87 INR, Rupee is gaining against Dollar in recent couple of months.
This will have an effect on all IT biggies quarter results
Who ever want to try Options trading, then its a good time for buying some PUT options on IT stocks.
When Market Stock value is expected to go down, then trade on PUT options.
Also happen to see the list of most active contracts in http://nseindia.com PE is topping the list than CE. Its a sign for market to go down......Go for PUT Options
Who ever wants to buy stocks in direct market then wait for an expected drop after quarter results. Buy IT stocks when it goes low after quarter results.
Disclaimer : Author dont hold any put options currently !
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7 comments:
disclaimer ellam add panre .. ennammo poda madhava ..
disclaimer podrathu romba easy-a irukkulla...etho ennala mudinjathu
Arasa this blog would have been true a month ago when Re started appreciating heavily against the USD. Now though the Re has gained, in forward market Re value against USD is Rs.44/- which is high and sufficient enough for IT companies to post the expected results in future. Moreover it is quite usual that giants like Infy, Wipro, TCS hedge their $ in the future market. Market outlook is still volatile. Who knows if Re starts loosing ground market will go up. Moreover yesterday's SENSEX gain was based on Dow Jones gain & US IT companies expected good results. Looks like Indian IT companies have always reflected their US counterpart's results.
Interestingly in the derivatives segment, a recent recommendation that I read says to go long on Infy futures and short sell the CNX IT index. That way if Infy results are bad or good you wont loose much.
Disclaimer: Source for most of the statements above is ET Sunday & Monday (8&9-Apr) papers.
Seeni, your point and source could be valid. I am not suggesting anything for future quarter results.
As you know, this call is for PUT Options Trading which is applicable to April alone Since most of the quarter results will be out during April 07.
Buying Puts and holding on to it till next quarter result, man that will ruin your money :)-
Disclaimer 2 : This PUT options Trading which I suggested is for the month of April 07 alone.
Disclaimer 3 : Options Trading are highly risky yet highly promising and and its adviceable not to hold on to your options more than 3 weeks.
Highly Risky, Short term trading in nature (Daily,weekly), Profit or Loss ROI generally ranges between + or - 0-1000% within a day or week :)- (Thats the power of Derivative market)
sivaji pattu pottu irunthiye enga kanom ?
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