6th January 2006
The markets had a pause yesterday after a two day rum propelling it past 9600. The sensex ended down 30 points at 9618.
Stock specific movement continues and we maintain a bullish stance. One such scrip is Essar Oil. Which is what we have a trade in today.
The Trade is as follows:
Essar Oil Market Lot 5650 Shares
Essar Oil Close on 5th Jan 42.75
The trade:
Buy 1 Lot Essar Oil 45 Call @ 2
Sell 1 Lot Essar Oil 47.5 Call @ 1
Total Risk is Rs 5650
Potential Profit is 8475
Good Luck!
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