Nifty (5084.25) closed up 0.4% and 0.5% respectively last week.Nifty Future September was quoting at 3.75 points discount.Nifty call option September 5200 was very active.Support for Sensex is at 16500. Resistance for Sensex is at 17250 .Support for Nifty is at 4950 and resistance at 5180..
ONGC which was about to raise Rs. 11000 Crore through follow-on-public offer this month has been deferred by the Government.FOMC meet is scheduled on 20 and 21 September 2011.
Tata Motors and SBI added Open Interest in September series.Huge position was build up at ONGC September Call Option Strike Price 280.Good build up was also seen at SBI September Call Option Strike Price 1900.
Strategy for Futures Option players.
1)HDIL(109.70) Lot Size-2000 Shares
Buy One Call Option of September Strike Price 105@7.95 Rs
Sell One Call Option of September Strike Price 115@2.40 Rs.
Premium .Paid=7.95*2000=15900.00 Rs.
Premium Received=2.40*2000= 4800.00 Rs.
Net Premium Paid=15900-4800=11100.00 Rs.
Maximum Profit==115-105 =10*2000=20000-11100=8900.00 Rs.-
Maximum Loss= 11100.00 Rs.
Break Even Price=110.55
2)Tata Power(984) Future-Lot Size 250 shares.
Buy One Lot September Future @984 Rs
Sell One Call Option of September Strike Price 1000@23.50 Rs.
Premium Received=23.50*250=5875.00 Rs
Maximum Profit=1000-984=16*250=4000.00 +5875.00=9875.00 Rs.
Max Loss=Unlimited.
Trading Idea
1)Bombay Dyeing(344.10)Buy this stock in decline and trade.
2)Central Bank(104.90) 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
Website www.subscriptionnarendranainani.blogspot.com
No comments:
Post a Comment