RBI and FOMC meet scheduled on 30 and 31 July 2013
BSE Sensex (19748.19) and Nifty (5886.20) closed down by 2 % and 2.4 % respectively last week.Nifty Future August was quoting at 40.65 points premium.Nifty Call option August 6000 was very active.Support for Sensex is at 19500.Resistance for Sensex is at 20160. Support for Nifty is at 5800 and resistance at 6020.
ITC and IDEA added Open Interest in AUGUST series.Huge position was build up at SBI AUGUST Call Option Strike Price 1900.Good build up was also seen at HIND LEVER Call August Option Strike Price 700.
Strategy for Futures Option players.
(1) INFY (2913.30) lot size 125 shares
Buy One Call Option of AUGUST Strike Price 2900@ 97.10 Rs
Sell One Call Option of AUGUST Strike Price 3000@ 52.00 Rs.
Premium .Paid= 97.10*125 = 12137.50 Rs.
Premium Received= 52*125 = 6500.00 Rs.
Net Premium Paid= 12137.50 – 6500 = 5637.50 Rs.
Maximum Profit= 3000-2900= 100*125 = 12500 – 5637.50= 6862.50 Rs.
Maximum Loss= 5637.50 Rs.
Break Even = 2945.10
(2) SUN PHARMA (1125) Future-Lot Size 250 shares.
Buy One Lot AUGUST Future @ 1125 Rs
Sell One Call Option of AUGUST Strike Price 1140@ 36.50 Rs.
Premium Received= 36.50*250 = 9125.00 Rs
Maximum Profit= 1140-1125 = 15*250 = 3750.00 + 9125.00 = 12875.00 Rs.
(1) IDEA (164.65) Buy this stock in decline and trade .
(2) BIOCON (324.90) Buy this stock in decline and trade
We advice on Nifty futures,Nifty options,stock futures,stock options,derivative strategies,equity trading and investment.We are masters in stock call option put option advice.Our stock tips are very accurate and timely.If you are holding large portfolio of Indian stocks or want to take exposure in Indian market through front line stocks then you at the right place.Bullet.We provide complete guidance on equity portfolio of Indian stocks.Look no further.Subscribe us.
Technical analysis is our backbone.
Mobile No. +919898162770
Website www.bulletadvisory.com Website www.subscriptionnarendranainani.blogspot.com