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We can write it on the wall.
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BSE
Sensex (27661.40) and NSE Nifty(8360.55) closed down by 1.51%
and 1.5% respectively last week.Nifty call option July 8500 was very active.Nifty July future was
quoting at the premium of 15.95 points.Support for Sensex is at 27350 and Nifty at 8260. Resistance for
Sensex is at 28150 and Nifty at 8500.
STATE
BANK OF INDIA and ICICI
BANK added Open Interest in July series.Huge position was build up at TATA MOTORS
July call Option Strike Price 410.Good build up was
also seen at ICICI BANK July call Option Strike Price 320.
Strategy for Futures Option players
(1)TATA
MOTORS (403.55) Future-Lot Size 500
shares.
Buy
One Lot July Future
@ 403.55 Rs.
Sell
One Call Option July
strike price 420@ 6.60 Rs
Premium Received= 6.60*500= 3300.00
Rs
Maximum Profit= 420 – 403.55=
16.45*500= 8225.00 + 3300.00 = 11525.00 Rs.
Max Loss=Unlimited.
(2) BANK BARODA (156.80) LOT
SIZE 2000 shares
Buy One Call Option of July Strike Price 155@ 6.20 Rs.
Sell One Call Option of July Strike Price 160@ 3.85 Rs.
Premium Paid = 6.20*2000 = 12400.00
Rs.
Premium Received=3.85*2000 = 7700.00
Rs.
Net Premium Paid= 124000 – 7700=
4700.00 Rs.
Maximum Profit = 160 - 155=
5*2000= 10000.00 – 4700.00 = 5300.00 Rs.
Maximum Loss= 4700 Rs.
Break Even= 157.35
Trading Idea
(1) HDFC BANK (1090.75)
Buy this stock in decline and trade.
.
(2) REC LTD (284.15) Buy this stock in decline and trade.
By
Bullet Advisory.
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