Hope You Did Not Miss BankNifty Call Option's 2877% Bumper Jackpot!!
Authored On: 20-Sep-13
Last Modified: 20-Sep-13
Did you say that you missed BankNifty jackpot few days ago!? We cannot believe, if you say yes. Brightest profiting ideas in Futures and Options at times come from common sense and not necessary from fancy statistical models. When everybody is missing opportunities, you can just use common sense as your friend to make bumper profits. See below graph of BankNifty September Futures showing clear cut divergence on fast oscillator [this is oscillator designed by StockScientists.com using custom algorithms]. An astonishingly corrected BankNifty Futures curve is showing a very strong bullish divergence.
If you could have bought Call Option on BankNifty say CE 11000 on the day of 02-Sep-2013 being day of emergence of this bullish signal, it would have cost you only Rs 12.35 x 100 = Rs 1235 for 100 of them [4 lots] and you would have ended up with same Option in hand rising in value at Rs 367.7 x 100 = Rs 36770 yesterday on 19-Sep-2013, thus making a cool profit of Rs 36770 - Rs 1235 = Rs 35535 or a percentage profit of 2877% in around two weeks time.
See how moving averages are cutting from lower to higher [colored lines on graph] adding to bullish confirmation.
Life quite often is felt like journey of missing opportunities, but one should not miss one like this one!