BSE Sensex (19663.64) and Nifty (5952.80) closed down by 0.6% and 1.1% respectively last week.Nifty Future January was quoting at 21.75 points premium.Nifty call option January 6000 was very active.Support for Sensex is at 19550. Resistance for Sensex is at 19810. Support for Nifty is at 5910 and resistance at 6015.
TCS,AXIS
BANK,ITC,RELIANCE INDUSTRIES and WIPRO will declare Q3 results next week.
SBI and INFY added Open Interest in January series.Huge
position was build up at SBI January
Call Option Strike Price 2600.Good build up was also seen at INFY January
Call Option Strike Price 2700.
Strategy for Futures Option players.
(1) ICICI
BANK(1163.55) lot size 250 shares
Buy One Call Option of January Strike
Price 1150@ 33.10 Rs
Sell One Call Option of January Strike
Price 1200@ 12.00 Rs.
Premium .Paid = 33.10*250= 8250.00 Rs.
Premium Received= 12*250= 3000.00 Rs.
Net Premium Paid =8250-3000= 5250 Rs.
Maximum Profit =1200-1150 = 50*250 = 12500 –
5250 = 7250.00 Rs.-
Maximum Loss =
5250.00 Rs.
Break Even = 1171.00 Rs.
(2) RELIANCE INDUSTRIES (841) Future-Lot Size 250 shares.
Buy One Lot January Future
@ 841 Rs
Sell One Call Option of January Strike Price 860@ Rs.9.45
Premium Received= 9.45*250 = 2362.50 Rs
Maximum Profit= 860- 841 = 19*250 =.4750 +
2362.50 = 7112.50 Rs.
Max Loss=Unlimited.
Trading Idea
(1) TITAN (269.90) Buy this stock in
decline and trade
.
(2) LUPIN (587.70) Buy this stock in
decline and trade
By
Bullet Advisory.
Traders trade with us.
Funds follow us.
Globe track us.
What are you waiting for?
Join us.
Bullet Advisory.
Narendra
Nainani
Mobile No. +919898162770
Website www.subscriptionnarendranainani.blogspot.com
No comments:
Post a Comment