Hi,
Grey Market premium as of today 8th Feb is 125-150. So the price works out around 575-600.
Now since generally listing is 100 odd rupees above grey market premium, it should get listed between 675-700.
I would be trading in futures segment. Permitted lot size is 450 shares.
Heres my strategy to trade reliance power on the day of listing. I intent to short sell and cover position on the same day.
Sell Futures above 685 and cover below 640 on the same day.
Gross gains inculding brokerage and other costs: 45 x 450 = 20250
Please let me know your views.
Thanks & Regards
Grey Market premium as of today 8th Feb is 125-150. So the price works out around 575-600.
Now since generally listing is 100 odd rupees above grey market premium, it should get listed between 675-700.
I would be trading in futures segment. Permitted lot size is 450 shares.
Heres my strategy to trade reliance power on the day of listing. I intent to short sell and cover position on the same day.
Sell Futures above 685 and cover below 640 on the same day.
Gross gains inculding brokerage and other costs: 45 x 450 = 20250
Please let me know your views.
Thanks & Regards