investors will continue to watch the progress of the monsoon rains

BSE Sensex (15965.16) and Nifty (4841.60) closed down  1.61%  and  1.6%   respectively  last week.Nifty Future June was quoting at 23.75  points discount.Nifty call option June  5000 was very active.Support for Sensex is at  15550. Resistance for Sensex is at 16360 .Support for Nifty is at 4720 and resistance at 4960.

 Tata Motors and  SBI added Open Interest in June  series.Huge position was build up at  SBI  Call Option Strike 2100.Good build up was also seen at  Tata Motors  June Call Option Strike Price 240.

Strategy  for Futures Option players.                                                                 

1)ITC(233.85) lot size 1000 shares                                                                                                                                                                                                                         

Buy One Call Option of  June Strike Price 230@6.15  Rs

Sell One Call Option of June Strike Price 240@2.65  Rs.

Premium .Paid= 6.15*1000=6150.00 Rs.

Premium Received= 2.65*1000=  2650.00 Rs.

Net Premium Paid=6150--2650=3500.00 Rs.

Maximum Profit==240-230 =10*1000=10000-3500= 6500.00 Rs.-

 Maximum Loss=  3500.00 Rs.

Break Even Price= 233.50

2)Hind Petro(298.75)   Future-Lot Size 1000 shares.

Buy One Lot June   Future  @298.75 Rs

Sell One Call Option of  June Strike Price 300@ Rs.9.95

Premium Received=9.95*1000= 9950.00 Rs

Maximum Profit=300-298.75 == 1.25*1000=1250.00 + 9950.00=11200.00 Rs.

Max Loss=Unlimited.

           

Trading Idea

1)GAIL(330.25) Buy this stock in decline and trade                                                                                                                                                                                                                                .

2)GSPL(70.65) Buy this stock in decline and trade

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Bullet Advisory.

Narendra Nainani

Mobile No. +919898162770

      

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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