BSE Sensex (16300.42) and Nifty (4928.90) closed down
3.2% and 3.1%
respectively last week.Nifty
Future May was quoting at 0.10 points
premium.Nifty call option May 5000 was
very active.Support for Sensex is at
15780. Resistance for Sensex is at 16750 .Support for Nifty is at 4770
and resistance at 5075.
Ashok Leyland,JSW Steel,Unitech,Bajaj Auto,Tata
Steel and Coal India will declare Q4 results next
week.. Hopes of further interest rate cuts by the Reserve Bank of
India
to boost the economy may invite selective buying at lower levels.
ICICI Bank and SBI added Open Interest in May series.Huge position was
build up at SBI Call Option Strike 1900.Good build up was
also seen at RIL May Call Option Strike
Price 700.
Strategy for
Futures Option players.
1)RIL(697.20) lot size 250 shares
Buy
One Call Option of May Strike Price 700@13.85
Rs
Sell
One Call Option of May Strike Price 720@7.45 Rs.
Premium
.Paid= 13.85*250=3462.50 Rs.
Premium
Received= 7.45*250= 1862.50 Rs.
Net
Premium Paid=3462.50-1862.50=1600.00 Rs.
Maximum
Profit==720-700 =20*250=5000-1600= 3400.00 Rs.-
Maximum Loss=
1600.00 Rs.
Break
Even Price= 706.40
2)SBI(1852.70) Future-Lot Size 125 shares.
Buy
One Lot May Future
@1852.70 Rs
Sell
One Call Option of May Strike Price 1900@ Rs.58.70
Premium
Received=58.70*125= 7337.50 Rs
Maximum
Profit=1900-1852.70 == 47.30*125=.5912.50 + 7337.50=13250.00 Rs.
Max
Loss=Unlimited.
Trading
Idea
1)IDFC(120.85)
Buy this stock in decline and trade
.
2)COLPAL(1181.10)
Buy this stock in decline and trade
Traders trade with us.
Funds follow us.
Globe track us.
What are you waiting for?
Join US.
By
Bullet Advisory.
Narendra
Nainani
Mobile No. +919898162770
By
Bullet Advisory Indian Stocks-India's Top Most Stock Market Advice Blog,Hot Stock Tips by Expert Technical Analyst Narendra Nainani of India.Most Preferred Paid Subscription Stock Investment Advice Website India.Excellent Success Ratio with Superb trading ideas.Most Successful Stock Future Calls Provider Service Indian Share Market.
Bullet Advisory Indian Stocks-India's Top Most Stock Market Advice Blog,Hot Stock Tips by Expert Technical Analyst Narendra Nainani of India.Most Preferred Paid Subscription Stock Investment Advice Website India.Excellent Success Ratio with Superb trading ideas.Most Successful Stock Future Calls Provider Service Indian Share Market.
Mobile No. +919898162770
Website http://www.nainaninarendra.blogspot.com
Bullet Advisory Indian Stocks-India's Top Most Stock
Investment Advice Blog,Hot Stock Tips by Expert Technical Analyst Narendra
Nainani of India.Most Preferred Paid Subscription Stock Investment and Portfolio
Advice Website India.Most Successful Stock Future Calls Provider Service Indian
Share Market.
Website www.subscriptionnarendranainani.blogspot.com
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