BSE Sensex
(18682.31) and Nifty(5684.25)
closed up by
0.01% and 0.6% respectively last week..Nifty Future October was quoting at 0.05
points premium.Nifty call option October 5700 was very active.Support for Sensex is at 18540. Resistance for Sensex is at 18820. Support
for Nifty is at 5630 and resistance is at 5725.
L & T,BAJAJ
AUTO,HDFC,CAIRN,BOB,HINDUSTAN UNILEVER,ICICI BANK,NTPC,GAIL,PNB and IDFC WILL
DECLARE Q2 results next week.
SBI and DLF added Open Interest in October series.Huge position
was build up at TCS October Call Option Strike Price 1300.Good build up
was also seen at AXIS BANK October Call
Option Strike Price 1200.
Strategy for Futures Option players.
1)DR
REDDY(1704.45) lot size 125 shares
Buy One Call Option of October Strike Price 1700@22.45 Rs
Sell One Call Option of October Strike
Price 1750@4.20 Rs.
Premium .Paid= 22.45*125=2806.25 Rs.
Premium Received= 4.20*125= 525.00 Rs.
Net Premium Paid=2806.25-525= 2281.25 Rs.
Maximum Profit==1750-1700 =50*125=6250-2281.25=
3968.75 Rs.-
Maximum
Loss= 2281.25 Rs.
Break Even = 1718.25
2)PETRONET(168.70) Future-Lot Size 2000 shares.
Buy One Lot October Future
@168.70 Rs
Sell One Call Option of October Strike Price 170@ Rs.1.40
Premium Received=1.40*2000= 2800.00 Rs
Maximum Profit=170-168.70 == 1.30*2000=.2600.00
+ 2800=5400.00 Rs.
Max Loss=Unlimited.
Trading Idea
1)ANDHRA BANK(114.40) Buy this stock in
decline and trade
.
2)CANBK(447.05) Buy this stock in decline
and trade
By
Bullet Advisory.
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
Website www.subscriptionnarendranainani.blogspot.com
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