BSE Sensex
(18625.34) and Nifty(5664.30)
closed down by
0.3% and 0.4% respectively last week..Nifty Future November was quoting at 39.70 points
premium.Nifty call option November 5800
was very active.Support for Sensex is at
18520. Resistance for Sensex is at 18770. Support for Nifty is at 5630
and resistance is at 5710.
BHEL,MARUTI,GRASIM,DR.REDDY and WIPRO will declare Q2 results next week.
Tata Steel and BHEL added Open Interest in November series.Huge position
was build up at ICICI Bank November Call Option Strike Price 1100.Good build up
was also seen at SBI November Call Option Strike Price 2300.
Strategy for Futures Option players.
1)IOC(260.70)
lot size 1000 shares
Buy One Call Option of November Strike Price 260@7.00 Rs
Sell One Call Option of November
Strike Price 270@3.35 Rs.
Premium .Paid= 7*1000=7000.00 Rs.
Premium Received= 3.35*1000= 3350.00 Rs.
Net Premium Paid=7000-3350= 3650.00 Rs.
Maximum Profit==270-260 =10*1000=10000-3650=
6350.00 Rs.-
Maximum
Loss= 3650.00 Rs.
Break Even = 263.65
2)HIND PETRO(305.95) Future-Lot Size 1000 shares.
Buy One Lot November Future
@305.95 Rs
Sell One Call Option of November Strike Price 320@ Rs.3.85
Premium Received=3.85*1000= 3850.00 Rs
Maximum Profit=320-305.95 == 14.05*1000=.14050.00
+ 3850=17900.00 Rs.
Max Loss=Unlimited.
Trading Idea
1)CHAMBAL FERTILIZER(68.45) Buy this stock
in decline and trade
.
2)LIC HOUSING(251.65) Buy this stock in
decline and trade
By
Bullet Advisory.
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Join us.
By
Bullet Advisory.
Narendra
Nainani
Mobile No.
+919898162770
Website www.subscriptionnarendranainani.blogspot.com
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