Pivot point analysis by BULLET ADVISORY

Rupee dollar movement will dictate trend on the bourses

BSE Sensex (33679.24)  and NSE Nifty(10389.70) closed  respectively  last week.

IDFC  and  IDFCBANKBANK  added Open Interest in  December  series.Huge position was build up at   SUZLON  December  call  Option Strike Price  17.50.Good build up was also seen at  GMRINFRA call  Option Strike Price  20.00.

Strategy  for Futures Option players

(1)ASHOK LEYLAND (118.35)   Future-Lot Size  7000 shares.

Buy One Lot  December Future  @ 118.35  Rs.
Sell One Call Option December strike price  120.00 @  1.60 Rs
Premium Received =  1.60*7000  =  11200.00 Rs
Maximum Profit=  120.00  –  118.35  =  1.65*7000 = 11550 + 11200.00  =  22750.00 Rs.
Max Loss=Unlimited.


(2)  GMR INFRA  (18.70) LOT SIZE  45000 shares
Buy  One Call Option of   December Strike Price  17.50@1.85Rs.
Sell  One Call Option of  December  Strike Price  20.00@ 0.85 Rs.
Premium Paid =  1.85*45000  =  83250.00 Rs.
Premium Received =  0.85*45000 = 38250.00 Rs.
Net Premium Paid = 83250.00 – 38250.00 =  45000.00 Rs.
Maximum Profit =  20.00 – 17.50 =  2.50*45000 = 112500.00  – 45000.00 =  67500.00 Rs.
Maximum Loss =  45000.00 Rs.

BREAKEVEN = 18.50

 Trading Idea

(1) HIND PETRO (430.10) Buy this stock in decline and trade.


(2) INFY (1008) Buy this stock in decline and trade.

By

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