BSE Sensex (16831.08) and Nifty (5086.85) closed down
1.8% and 2.0%
respectively last week.Nifty
Future May was quoting at 4.15 points
premium.Nifty call option May 5200 was
very active.Support for Sensex is at 16590.
Resistance for Sensex is at 17250 .Support for Nifty is at 5000 and resistance
at 5200.
HDFC,Hindalco,Cipla,Ranbaxy,Dr Reddy and NTPC will declare Q4 results next week..
ICICI Bank and SBI added Open Interest in May series.Huge position was
build up at SBI Call Option Strike 2200.Good build up was
also seen at RIL May Call Option Strike
Price 740.
Strategy for
Futures Option players.
1)Wipro(414.90) lot size 500 shares
Buy
One Call Option of May Strike Price 400@21.90 Rs
Sell
One Call Option of May Strike Price 420@10.45 Rs.
Premium
.Paid= 21.90*500=10950.00 Rs.
Premium
Received= 10.45*500= 5225.00 Rs.
Net
Premium Paid=10950.00-5225.00=5725.00 Rs.
Maximum
Profit==420-400 =20*500=10000-5725= 4275.00 Rs.-
Maximum Loss=
5725.00 Rs.
Break
Even Price= 411.45
2)Essar
Oil(53.45) Future-Lot Size 4000 shares.
Buy
One Lot May Future
@53.45 Rs
Sell
One Call Option of May Strike Price 55@ Rs.1.90
Premium
Received=1.90*4000= 7600.00 Rs
Maximum
Profit=55-53.45 == 1.55*4000=.6200.00 + 7600.00=13800.00 Rs.
Max
Loss=Unlimited.
Trading
Idea
1)Sun
Pharma(601.30) Buy this stock in decline and trade
.
2)Cipla(326)
Buy this stock in decline and trade
Traders trade with us.
Funds follow us.
Globe track us.
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Join US.
By
Bullet Advisory.
Narendra
Nainani
Mobile No. +919898162770
By
Bullet Advisory Indian Stocks-India's Top Most Stock Market Advice Blog,Hot Stock Tips by Expert Technical Analyst Narendra Nainani of India.Most Preferred Paid Subscription Stock Investment Advice Website India.Excellent Success Ratio with Superb trading ideas.Most Successful Stock Future Calls Provider Service Indian Share Market.
Bullet Advisory Indian Stocks-India's Top Most Stock Market Advice Blog,Hot Stock Tips by Expert Technical Analyst Narendra Nainani of India.Most Preferred Paid Subscription Stock Investment Advice Website India.Excellent Success Ratio with Superb trading ideas.Most Successful Stock Future Calls Provider Service Indian Share Market.
Website www.subscriptionnarendranainani.blogspot.com
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