Infosys and Wipro hit 52 week low

BSE Sensex (16839.63) and Nifty (5072.95) closed down 2.69% and 2.7% respectively last week.Nifty Future August was quoting at 1.05 points premium.Nifty call option August 5200 was very active.Support for Sensex is at 16420. Resistance for Sensex is at 17250 .Support for Nifty is at 4950 and resistance at 5200..
SBI,SCI,Tata Motors and Lanco Infratech will declare the quarterly results next week.
Tata Motors and SBI added Open Interest in August series.Huge position was build up at SBI August Call Option Strike Price 2300.Good build up was also seen at Tata Steel August Call Option Strike Price 500.
Strategy for Futures Option players.

1)GAIL(448.75) Lot Size-500 Shares
Buy One Call Option of August Strike Price 400.00@12.00 Rs
Sell One Call Option of August Strike Price 420.00@4.10 Rs.
Premium .Paid=12*500=6000.00 Rs.
Premium Received=4.10*500= 2050.00 Rs.
Net Premium Paid==6000.00-2050.00=3950.00 Rs.
Maximum Profit==420.00-400.00. =20*500=10000.00-3950.=6050.00 Rs.-
Maximum Loss= 3950.00 Rs.
Break Even Price=447.90


2)Lic Housing(210.90) Future-Lot Size 1000 shares.
Buy One Lot August Future @210.90 Rs
Sell One Call Option of August Strike Price 220@2.45 Rs.
Premium Received=2.45*1000=2450.00 Rs
Maximum Profit=220-210.90=9.10*1000=9100.00 +2450.00=11550.00 Rs.
Max Loss=Unlimited.

Trading Idea
1)Gitanjali(311.10)Buy this stock in decline and trade.
2)Fortis(160.25) Buy this stock in decline and trade






By
Bullet Advisory Indian Stocks-India's Top Most No.1 Best Stock Market Advice Blog,Hot Stock Tips Calls by Expert Technical Analyst Narendra Nainani of India.Most Preferred and Successful Paid Subscription Stock Tips Calls Website of India.Excellent Success Ratio of more than 90% with Superb trading ideas.Most Successful Intraday Stock Future Calls Provider Service Indian Share Market.

Mobile No. +919898162770
By

Website www.subscriptionnarendranainani.blogspot.com