Election for a new president in the United States is scheduled on 6 November 2012

 

BSE Sensex (17691.08)  and Nifty(5366.30) closed  up by 0.08% and 0.09% respectively last week..Nifty Future August was quoting at 16.30  points premium.Nifty call option August  5400 was very active.Support for Sensex is at  17540. Resistance for Sensex is at 17820. Support for Nifty is at 5315 and resistance is at 5410.

Rolta and Shree Cements will declare Q1 results next week.                               

SBI and  RIL added Open Interest in August  series.Huge position was build up at  SBI August  Call Option Strike Price 2000.Good build up was also seen at  DLF August Call Option Strike Price 220.

Strategy  for Futures Option players.                                                                       

1)ITC(262.10) lot size 1000 shares                                                                                                                                                                                                                         

Buy One Call Option of  August Strike Price 260@5.75  Rs

Sell One Call Option of  August Strike Price 270@1.40 Rs.

Premium .Paid= 5.75*1000=5750.00 Rs.

Premium Received= 1.40*1000=  1400.00 Rs.

Net Premium Paid=5750-1400= 4350.00 Rs.

Maximum Profit==270-260 =10*1000=10000-4350= 5650.00 Rs.-

 Maximum Loss=  4350.00 Rs.

Break Even = 264.35

2)Wipro(354.85)   Future-Lot Size 500 shares.

Buy One Lot  August   Future  @354.85 Rs

Sell One Call Option of  August Strike Price 360@ Rs.3.60

Premium Received=3.60*500= 1800.00 Rs

Maximum Profit=360-354.85 == 5.15*500=.2575 + 1800=4375.00 Rs.

Max Loss=Unlimited.

           

Trading Idea

1)TCS(1278.60) Buy this stock in decline and trade                                                                                                                                                                                                                                .

2)Tata Chem(316.10) Buy this stock in decline and trade

 

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Bullet Advisory.

Narendra Nainani

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