Stock market in mainland China remains closed until 7 February 2014
BSE Sensex (20513.85) and NSE Nifty(6089.50) closed down by 2.9% and 2.8% respectively last week.Nifty Future February was quoting at 18 points premium.Nifty put option February 6000 was very active.Support for Sensex is at 20000 and Nifty at 5950. Resistance for Sensex is at 21100 and Nifty at 6250.
RCOM and ARVIND added Open Interest in February series.Huge position was build up at RPOWER February Call Option Strike Price 65.Good build up was also seen at APOLLO TYRE February Call Option Strike Price 120.
Strategy for Futures Option players.
(1) GAIL(354.80) Future-Lot Size 1000 shares.
Buy One Lot FEBRUARY Future @354.80 Rs
Sell One Call Option of FEBRUARY Strike Price 360@ Rs.6.60
Premium Received=6.6*1000= 6600.00 Rs
Maximum Profit=360-354.80 = 5.2*1000 = 5200 + 6600=11800.00 Rs.
(2) BHEL(172.75) LOT SIZE 2000 shares
Buy One Call Option of February Strike Price email@example.com Rs.
Sell One Call Option of February Strike Price firstname.lastname@example.org Rs.
Premium Paid = 4*2000= 8000.00 Rs.
Premium Received=2*2000=4000.00 Rs.
Net Premium Paid= 8000-4000=4000.00 Rs.
Maximum Profit = 180-170= 10*2000= 20000.00 – 4000.00=16000.00Rs.
Break Even= 172.00
(1) BPCL(362.70) Buy this stock in decline and trade .
(2) IOC(245.35) Buy this stock in decline and trade
Traders trade with us.
Funds follow us.
Globe track us.
What are you waiting for?
Mobile No. +919898162770
Website www.bulletadvisory.com Website www.subscriptionnarendranainani.blogspot.com