Standard
& Poor's cut France's credit rating by one notch to AA from AA+
BSE Sensex
(20666.15) and Nifty (6140.75) closed down
by 2.5 % and 2.6 % respectively last week.Nifty Future
November was quoting at 41.95 points premium.Nifty Call option November 6300 was very active.Support for Sensex is at 20200.Resistance for Sensex is at 21000. Support
for Nifty is at 6000 and resistance at 6270.
TATA MOTORS and IBREALEST added Open Interest in NOVEMBER series.Huge
position was build up at TATA MOTOR November CALL Option Strike Price 400.Good
build up was also seen at UCO BANK November CALL Option Strike Price 80.
Strategy for Futures Option players.
(1)
RANBAXY (421.70) lot size 500 shares
Buy One Call Option of NOVEMBER Strike Price 420@ 19.55 Rs
Sell One Call Option of NOVEMBER
Strike Price 440@ 11.20 Rs.
Premium .Paid= 19.55*500 = 9775.00 Rs.
Premium Received= 11.20*500 = 5600.00 Rs.
Net Premium Paid= 9775 – 5600 = 4175.00 Rs.
Maximum Profit= 440-420= 20*500 = 10000 –
4175= 5825.00 Rs.
Maximum Loss=
4175.00 Rs.
Break Even = 428.35
(2) RPOWER (75.90) Future-Lot Size 4000 shares.
Buy One Lot NOVEMBER Future
@ 75.90 Rs
Sell One Call Option of NOVEBER Strike Price 77.50@ Rs.2.40
Premium Received= 2.4*4000 = 9600.000 Rs
Maximum Profit= 77.50-75.90 = 1.60*4000 = 6400.00
+ 9600.00 = 16000.00 Rs.
Max Loss=Unlimited.
Trading Idea
(1) TATA STEEL (355.75) Buy this stock in
decline and trade
.
(2) ARVIND (114.15) Buy this stock in
decline and trade
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2 comments:
BigProfitbuzz is an Indian stock market advisory firm. BigProfitbuzz proven month after month that trading and investing in stock market can be profitable whether Market is bull or bear. Last week our all paid clients made a very huge profit in NIFTYBSE NSE, STOCK TIPS NIFTY 50 stocks. They have a buy position at the level of 5900 booked at 6200. Now for the coming week we suggest all the traders to make a sell position in NIFTY & NIFTY 50 stocks at the level of 6300-6400 with stoploss of 6600 for the target of 6000 & 5900. We are in sell side because this is the time in that NIFTY can show some consolidation & selling pressure from top level. But keep the strict stoploss of 6600 for the NIFTY & NIFTY stocks. For further update you can visit our website.
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BIGPROFITBUZZ TEAM
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