The
monsoon session of Parliament concludes on 13 August 2015
We can see through the charts.
We can write it on the wall.
What are you waiting for?
We are BULLET.
BSE
Sensex (28114.56) and NSE Nifty(8532.85) closed up by 0.01% and
0.1% respectively last week.Nifty call option August 8700 was very active.Nifty August future was
quoting at the premium of 38.85 points.Support
for Sensex is at 27900 and Nifty at 8460.
Resistance for Sensex is at 28380 and Nifty at 8610.
ICICI
BANK and RCOM added Open Interest in August series.Huge position was build up at ICICI BANK
August call Option Strike Price 320.Good build up was
also seen at RCOM August
call Option Strike Price 75.
Strategy for Futures Option players
(1) UBL
(1062) Future-Lot Size 250 shares.
Buy
One Lot August Future
@ 1062 Rs.
Sell
One Call Option August
strike price 1080@ 38.00 Rs
Premium Received= 38*250= 9500.00
Rs
Maximum Profit= 1080 – 1062= 18*250=
4500.00 + 9500.00 = 14000.00 Rs.
Max Loss=Unlimited.
(2) HCL TECH (998.25) LOT SIZE 250
shares
Buy One Call Option of August Strike Price 1000@ 36.95 Rs.
Sell One Call Option of August
Strike Price 1040@ 21.20 Rs.
Premium Paid = 36.95*250 =
9237.50 Rs.
Premium Received= 21.20*250 = 5300.00
Rs.
Net Premium Paid= 9237.50 – 5300=
3937.50 Rs.
Maximum Profit = 1040 - 1000=
40*250= 10000.00 – 3937.50 = 6062.50 Rs.
Maximum Loss= 3937.50 Rs.
Break Even= 1015.75
Trading Idea
(1) OFSS (4046.50) Buy
this stock in decline and trade.
.
(2) ITC (326) Buy this stock in decline and trade.
By
Bullet Advisory.
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