Market remains closed on 2 April and 3 April
because of Mahavir Jayanti and Good Friday
We can write it on the wall.
What are you waiting for?
We are BULLET.
BSE
Sensex (27458.64) and NSE Nifty(8341.40) closed down by 2.8%
and 2.7% respectively last week.Nifty Future was quoting at 95.55 points premium.Nifty call option April 8600 was very active.Support for Sensex is
at 26990 and Nifty at 8200. Resistance
for Sensex is at 27720 and Nifty at 8410.
IDFC and TITAN added Open Interest in April series.Huge position was build up at IDFC April call Option Strike Price 180.Good
build up was also seen at ASHOK LEYLAND April call Option Strike Price 70.
Strategy
for Futures Option players.
(1)
AUROBINDO PHARMA(1219.60) Future-Lot Size 250 shares.
Buy One Lot April Future
@ 1219.60 Rs
Sell One Call Option April strike price 1250@52.40 Rs
Premium Received= 52.40*250= 13100.00
Rs
Maximum Profit= 1250- 1219.60=30.40*250=
76000 + 13100.00 = 20700.00 Rs.
Max Loss=Unlimited.
(2) GODREJ INDUSTRIES (344.30) LOT
SIZE 1001 shares
Buy One Call Option of April Strike Price 340@ 11.70 Rs.
Sell One Call Option of April Strike Price 360@ 4.90 Rs.
Premium Paid = 11.70*1001=
11711.70 Rs.
Premium Received= 4.90*1001= 4904.90
Rs.
Net Premium Paid= 11711.70
–4904.90= 6806.80 Rs.
Maximum Profit =
360-340=20*1001=20020.00 – 6806.80 = 13213.20 Rs.
Maximum Loss= 6806.80 Rs.
Break Even= 346.80
Trading Idea
(1) HEXAWARE(311.20) Buy this
stock in decline and trade.
.
(2) CENTURY TEXTILE (608.40) Buy this stock in decline and
trade.
By
Bullet Advisory.
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