China’s decision to
devalue yaun suggest weakness in global growth
We can write it on the wall.
What are you waiting for?
We are BULLET.
BSE Sensex (27366.07) and NSE Nifty(8299.95) closed
down by 2.50% and 2.60% respectively last week.Nifty put option August 8200 was very active.Nifty August future was
quoting at the discount of 12.05 points.Support
for Sensex is at 26600 and Nifty at 8050.
Resistance for Sensex is at 27900 and Nifty at 8480.
IDFC and ITC added
Open Interest in August series.Huge
position was build up at IDFC August call
Option Strike Price 140.Good build up was also seen at HINDALCO August call Option Strike Price 90.
Strategy for Futures Option players
(1) CEAT (1171.40)
Future-Lot Size 500 shares.
Buy One Lot September
Future @ 1171.40 Rs.
Sell One Call Option September strike price 1200@ 50.00 Rs
Premium Received= 50*500= 25000.00 Rs
Maximum Profit= 1200 – 1171.40= 28.60*500= 14300.00 + 25000.00
= 39300.00 Rs.
Max Loss=Unlimited.
(2) ITC (330.75) LOT SIZE 1000 shares
Buy One Call
Option of September Strike Price 330@ 10.85 Rs.
Sell One Call
Option of September Strike Price
345@ 4.40 Rs.
Premium Paid = 10.85*1000 = 10850.00 Rs.
Premium Received= 4.4*1000 = 4400.00 Rs.
Net Premium Paid= 10850 – 4400= 6450.00 Rs.
Maximum Profit = 345 - 330= 15*1000= 15000.00 –
6450.00 = 8550.00 Rs.
Maximum Loss= 6450.00 Rs.
Break Even= 336.45
Trading Idea
(1) OFSS (4375.45) Buy this stock in decline and
trade.
.
(2)
MIND TREE (1412.15) Buy this stock in decline and trade.
By
Bullet Advisory.
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