Market will remain shut on 6 July 2016 on account of Ramzan Id
We can see through the charts.
We can write it on the wall.
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BSE Sensex (27144.91) and NSE Nifty(8328.35) close up 3.00 % and 3.1 % respectively last week.
IBREALEST and JINDALSTEL added Open Interest in JULY series.Huge position was build up at SAIL JULY call Option Strike Price 55.00.Good build up was also seen at ASHOKLEY JULY call Option Strike Price 105.00.
Strategy for Futures Option players
(1) LT (1549.75) Future-Lot Size 500 shares.
Buy One Lot JULY Future @ 1549.75 Rs.
Sell One Call Option JULY strike price 1600 @ 26.80 Rs
Premium Received = 26.80*500 = 13400.00 Rs
Maximum Profit= 1600.00 – 1549.75 = 50.25*500 = 25125.00 + 13400 = 38525.00 Rs.
Max Loss=Unlimited.
(2) ONGC (226.35) LOT SIZE 2500 shares
Buy One Call Option of JULY Strike Price 225@ 10.10 Rs.
Sell One Call Option of JULY Strike Price 230.00@ 7.50 Rs.
Premium Paid = 10.10*2500 = 25250.00 Rs.
Premium Received = 7.50*2500 = 18750.00 Rs.
Net Premium Paid = 25250 – 18750 = 6500.00 Rs.
Maximum Profit = 230.00 – 225.00 = 5*2500 = 12500.00 – 6500.00 = 6000.00 Rs.
Maximum Loss = 6500.00 Rs.
Break Even = 227.60
Trading Idea
(1) BHARAT FORGE (773.50) Buy this stock in decline and trade. .
(2) ENGINEERS INDIA LTD (209.45) Buy this stock in decline and trade.
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1 comment:
Very informative content is posted in this blog including commodity tips which are desired by all the traders and Stock Futures Tips helps you to achieve bigger profit.
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