Market review Saturday - 12 November 2022

•Market trend – Bullish

•Strategy – Bull put spread (Credit ratio)

•Trade execution point : Market crossed 18200 levels on Monday

•Expectation : Nifty will not come below 17850

•Strikes :

Sold 17NOV2022 17850PE @ 60.60

Bought 17NOV2022 17750PE @ 42.95

•Estimated Margin/Premium - ₹ +2,250,450

•Max. Loss ₹ -411,750 (-18.30%)

•Max. Profit ₹ +88,250 (3.92%)

Stocks

Stock's view

•Hatsun Ltd – Buy above 974

•Godrej Agrovet Ltd – Buy above 509

•GAEL Ltd – Buy above 259

•Vinati Organic Ltd – Buy above 1995

Executed trades

Vinati Organic Ltd

•Bought @ 1995 on Monday and high made 2157

•Current market price is 2099.40

•Position status : Holding for long term basis