RSI overbought oversold range based calls by BULLET ADVISORY

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BSE Sensex (28832.45)  and NSE Nifty(8897.55) close  down  by   0.10  % and  0.40% respectively  last week.

HINDALCO  and  SINTEX  added Open Interest in  March  series.Huge position was build up at   JPASSOCIAT  March call  Option Strike Price  17.50.Good build up was also seen at  RCOM  call  Option Strike Price  40.00.

Strategy  for Futures Option players

(1)  INFY (1032.45)   Future-Lot Size  500 shares.

Buy One Lot  March  Future  @ 1032.45  Rs.
Sell One Call Option March strike price  1040.00 @  21.50 Rs
Premium Received =  21.50*500  =  10750.00 Rs
Maximum Profit=   1040.00  –  1032.45 =  7.55*500  =  3775 + 10750 =  14525.00 Rs.
Max Loss=Unlimited.


(2)  IBREALEST  (80.50) LOT SIZE  10000 shares
Buy  One Call Option of   March  Strike Price  80@3.95 Rs.
Sell  One Call Option of   March  Strike Price  85.00@ 1.50 Rs.
Premium Paid =  3.95*10000  = 39500.00 Rs.
Premium Received =  1.50*10000 = 15000.00 Rs.
Net Premium Paid = 39500.00 – 15000.00 = 24500.00 Rs.
Maximum Profit =  85.00 – 80.00 =  5*10000 = 50000.00  – 24500.00 =  25500.00 Rs.
Maximum Loss = 24500.00 Rs.
Break Even =  82.45


Trading Idea

(1)  ARVIND (387.20) Buy this stock in decline and trade.


(2)  HINDALCO (198.55) Buy this stock in decline and trade.

By

Bullet Advisory.

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