Market remains closed on Monday 14 April and Friday 18 April 2014 because of Dr.Ambedkar
Jayanti and Good Friday.
BSE Sensex
(22628.96) and NSE Nifty(6776.30) closed up by 1.2% and 1.1% respectively last week.Nifty Future April was quoting at 21.65 points premium.Nifty call option
April 6800 was very active.Support for
Sensex is at 22300 and Nifty at 6675. Resistance
for Sensex is at 22880 and Nifty at 6840.
JPPOWER and UNITECH added Open Interest in April series.Huge
position was build up at JPPOWER April Call Option Strike Price 20.Good build up was
also seen at UNITECH May Call Option Strike Price 20.
Strategy for Futures Option players.
(1)
INDIA CEMENT
(72.40) Future-Lot Size 8000 shares.
Buy One Lot April Future
@72.40 Rs
Sell One Call Option of April Strike Price 75@ Rs.2.0
Premium Received=2*8000= 16000.00 Rs
Maximum Profit=75 – 72.40 = 2.6*8000= 20800 +
16000 = 36800.00 Rs.
Max Loss=Unlimited.
(2) IDBI (68.15) LOT SIZE 4000 shares
Buy One
Call Option of April Strike Price 67.5@2.80 Rs.
Sell One
Call Option of April Strike Price 70@1.75
Rs.
Premium Paid = 2.8*4000= 11200.00 Rs.
Premium Received=1.75*4000=7000.00 Rs.
Net Premium Paid= 11200-7000=4200.00 Rs.
Maximum Profit = 70-67.50= 2.50*4000= 10000.00
– 4200.00= 5800.00 Rs.
Maximum Loss= 4200.00 Rs.
Break Even= 68.55
Trading Idea
(1) WIPRO (568.10) Buy this stock in decline
and trade
.
(2) COLPAL(1418.70) Buy this stock in decline and trade
By
Bullet Advisory.
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We generate intraday as well as delivery calls in Stock cash and F&O in NSE & BSE, Commodities including bullions, metals & Agro- commodities traded in MCX and NCDEX.
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