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Monetary policy meet of Bank of Japan scheduled on 30 April 2015
BSE
Sensex (27437.94) and NSE Nifty(8305.25) closed down by 3.5%
and 3.51% respectively last week.Nifty Future was quoting at 33.45 points premium.Nifty call option April 8500 was very active.Support for Sensex is
at 26590 and Nifty at 8050. Resistance
for Sensex is at 28190 and Nifty at 8525.
RELIANCE
and
TATA MOTORS added Open Interest in April series.Huge position was build up at UNITECH April put Option Strike Price 15.Good
build up was also seen at JPASSOCIAT April put Option Strike Price 20.
Strategy for Futures Option players.
(1)
IGL (432.25)
Future-Lot Size 500 shares.
Buy One Lot MAY Future
@ 432.25 Rs
Sell One Call Option MAY strike price 450@ 16.80 Rs
Premium Received= 16.80*500= 8400.00
Rs
Maximum Profit= 450 – 432.25=
17.75*500= 8875 + 8400.00 = 17275.00 Rs.
Max Loss=Unlimited.
(2) TATA STEEL (370.50) LOT SIZE 500
shares
Buy One Call Option of MAY Strike Price 370@ 17.10 Rs.
Sell One Call Option of MAY Strike Price 390@ 9.35 Rs.
Premium Paid = 17.10*500= 8550.00
Rs.
Premium Received=9.35*500= 4675.00
Rs.
Net Premium Paid= 8550 –4675=3875.00
Rs.
Maximum Profit =
390-370=20*500=10000.00 – 3875.00 = 6125.00 Rs.
Maximum Loss= 3875.00 Rs.
Break Even= 377.75
Trading Idea
(1) M & M FIN (279) Buy this
stock in decline and trade.
.
(2) ADANI ENTERPRIES (660.25) Buy this stock in decline and
trade.
By
Bullet Advisory.
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1 comment:
Good effort and content for posting. In fact your creative writing abilities have inspired me. Keep it up…
Forex tips
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