Market will remain close on 15 August 2016 on account of Independence Day
We can see through the charts.
We can write it on the wall.
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We are BULLET
BSE Sensex (28152.40) and NSE Nifty(8672.15) close up 0.30 % and down 0.10% respectively last week.
SBIN and ICICI BANK added Open Interest in August series.Huge position was build up at SBIN August call Option Strike Price 240.00.Good build up was also seen at HINDALCO call Option Strike Price 150.00.
Strategy for Futures Option players
(1) APOLLO TYRE (170.65) Future-Lot Size 3000 shares.
Buy One Lot August Future @ 170.65 Rs.
Sell One Call Option August strike price 175 @ 2.35 Rs
Premium Received = 2.35*3000 = 7050.00 Rs
Maximum Profit= 175.00 – 170.65 = 4.35*3000 = 13050.00 + 7050.00 = 20100.00 Rs.
Max Loss=Unlimited.
(2) GODREJ IND (404.85) LOT SIZE 1500 shares
Buy One Call Option of August Strike Price 400.00@ 11.50 Rs.
Sell One Call Option of August Strike Price 410.00@ 5.95 Rs.
Premium Paid = 11.50*1500 = 17250.00 Rs.
Premium Received = 5.95*1500 = 8925.00 Rs.
Net Premium Paid = 17250 – 8925 = 8325.00 Rs.
Maximum Profit = 410.00 – 400.00 = 10*1500 = 15000.00 – 8325.00 = 6675.00 Rs.
Maximum Loss = 8325.00 Rs.
Break Even = 405.55
Trading Idea
(1) INFY (1062.55) Buy this stock in decline and trade. .
(2) TATA STEEL (374.75) Buy this stock in decline and trade.
By
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