FOMC(Federal Open Market Committee) holds a two-day meeting on US interest rates on September 12-13.

BSE Sensex (17380.75)  and Nifty(5258.50) closed  down by 2.3% and 2.4% respectively last week..Nifty Future September was quoting at 28.15  points premium.Nifty call option September  5300 was very active.Support for 

Sensex is at  17030. Resistance for Sensex is at 17688. Support for Nifty is at 5360 and resistance is at 5140.

SBI and  RIL added Open Interest in September  series.Huge position was build up at  SBI September  Call Option Strike Price 1900.Good build up was also seen at  RIL September Call Option Strike Price 800.

Strategy  for Futures Option players.                                                                       

1)Ranbaxy(552) lot size 500 shares                                                                                                                                                                                                                         

Buy One Call Option of  September Strike Price 540@25.15  Rs

Sell One Call Option of  September Strike Price 560@15.75 Rs.

Premium .Paid= 25.15*500=12575.00 Rs.

Premium Received= 15.75*500=  7875.00 Rs.

Net Premium Paid=12575-7875= 4700.00 Rs.

Maximum Profit==560-540 =20*500=10000-4700= 5300.00 Rs.-

 Maximum Loss=  4700.00 Rs.

Break Even = 549.40

2)Biocon(265.20)   Future-Lot Size 1000 shares.

Buy One Lot  September   Future  @265.20 Rs

Sell One Call Option of  September Strike Price 270@ Rs.4.35

Premium Received=4.35*1000= 4350.00 Rs

Maximum Profit=270-265.20 == 4.8*1000=.4800 + 4350=9150.00 Rs.

Max Loss=Unlimited.

           

Trading Idea

1)Union Bank(156.75) Buy this stock in decline and trade                                                                                                                                                                                                                                .

2)Orient Bank(224.40) Buy this stock in decline and trade

 

Traders trade with us.

Funds follow us.

Globe track us.

What are you waiting for?

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 Option Calls Provider Service Indian Share Market.

Mobile No. +919898162770

 holding large Indian stock portfolio?subscribe to our portfolio advisory service

Website www.subscriptionnarendranainani.blogspot.com