Movement of rupee
against dollar will decide the trend
BSE Sensex
(27090.42) and NSE Nifty(8121.45) closed up by 0.1%
and 0.2% respectively last week.Nifty Future was quoting at 8.45 points premium.Nifty call option September 8200 was very active.Support for Sensex is
at 26850 and Nifty at 8040. Resistance
for Sensex is at 27300 and Nifty at 8170.
AXIS BANK and IDEA added Open Interest in September series.Huge
position was build up at JPASSOCIAT September
Put Option Strike Price 30.Good build up was also seen at HDIL September
Put Option Strike Price 90.
Strategy for Futures Option players.
(1) ONGC (411.85)
Future-Lot Size 1000 shares.
Buy One Lot OCTOBER Future
@ 411.85 Rs
Sell One Call Option of OCTOBER Strike Price 420@
Rs.11.75
Premium Received=11.75*1000= 11750.00 Rs
Maximum Profit=420– 411.85 = 8.15*1000= 8150.00
+ 11750.00 = 19900.00 Rs.
Max Loss=Unlimited.
(2) AXIS BANK (410) LOT SIZE 1250 shares
Buy
One Call Option of OCTOBER
Strike Price 410@ 13.85 Rs.
Sell
One Call Option of OCTOBER
Strike Price 420@9.40 Rs.
Premium Paid = 13.85*1250= 17312.50 Rs.
Premium Received=9.40*1250= 11750.00 Rs.
Net Premium Paid= 17312.50-11750.00= 5562.50 Rs.
Maximum Profit =420-410=10*1250=12500–
5562.50= 6937.50 Rs.
Maximum Loss= 5562.50 Rs.
Break Even= 414.45
Trading Idea
(1) ITC (359.40) Buy this stock in
decline and trade
.
(2) INFY (3702.05) 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.
we
are BULLET.
Website www.bulletadvisory.com Website www.subscriptionnarendranainani.blogspot.com
No comments:
Post a Comment