Buy in decline and Sell at rise stock recommendations by BULLET ADVISORY
BSE Sensex (26108.53) and NSE Nifty(7779.70) closed down by 0.8% and 1.0% respectively last week.Nifty Future was quoting at 35.30 points premium.Nifty call option October 7900 was very active.Support for Sensex is at 25820 and Nifty at 7695. Resistance for Sensex is at 26450 and Nifty at 7895. IDFC and ITC added Open Interest in October series.Huge position was build up at IFCI October call Option Strike Price 32.50.Good build up was also seen at ONGC October call Option Strike Price 400. Strategy for Futures Option players. (1) GAIL (450.40) Future-Lot Size 1000 shares. Buy One Lot OCTOBER Future @ 450.40 Rs Sell One Call Option October strike price 460@ 5.90 Rs Premium Received=5.90*1000= 5900.00 Rs Maximum Profit=460– 450.40 = 9.60*1000= 9600.00 + 5900.00 = 15500.00 Rs. Max ...