market gain on short covering coupled with bargain buying from new low

BSE Sensex (16821.46) and Nifty (5040) closed up 6.1% and 6.2% respectively last week.Nifty Future September was quoting at 4.20 points premium.Nifty call option September 5100 was very active.Support for Sensex is at 16280. Resistance for Sensex is at 17300 .Support for Nifty is at 4850 and resistance at 5180.. Inflation figures and the commodity prices will have a major weight in deciding the future trend of market. Reliance Industries and SBI added Open Interest in September series.Huge position was build up at RIL September Call Option Strike Price 800.Good build up was also seen at Tata Steel September Call Option Strike Price 480. Strategy for Futures Option players. 1)DLF(207.85) Lot Size-1000 Shares Buy One Call Option of September Strike Price 200@10.10 Rs Sell One Call Option of September Strike Price 220.00@3.95 Rs. Premium .Paid=10.10*1000=10100.00 Rs. Premium Received=3.95*1000= 3950.00 Rs. Net Premium Paid==10100-3950=6150.00 Rs. Maximum Profit==220-200 =20*1000=20000.00-6150.0.=13850.00 Rs.- Maximum Loss= 6150.00 Rs. Break Even Price=206.15 2)TVS Motors(57.75) Future-Lot Size 4000 shares. Buy One Lot September Future @57.75 Rs Sell One Call Option of September Strike Price 60@1.95 Rs. Premium Received=1.95*4000=7800.00 Rs Maximum Profit=60-57.75=2.25*4000=9000.00 +7800.00=16800.00 Rs. Max Loss=Unlimited. Trading Idea 1)Bhusan Steel(358.35)Buy this stock in decline and trade. 2)Titan(210.80) Buy this stock in decline and trade By Bullet Advisory Indian Stocks-India's Top Most No.1 Best Stock Market Advice Blog,Hot Stock Tips Calls by Expert Technical Analyst Narendra Nainani of India.Most Preferred and Successful Paid Subscription Stock Tips Calls Website of India.Excellent Success Ratio of more than 90% with Superb trading ideas.Most Successful Intraday Stock Future Calls Provider Service Indian Share Market. Mobile No. +919898162770 Website www.subscriptionnarendranainani.blogspot.com