Stock market advisor with consistent high success ratio Indian markets Bullet Advisory
Next RBI monetary policy review on 3 June 2014
BSE Sensex (22688.07) and NSE Nifty(6782.75) closed
up by 0.3% and 0.1%
respectively last week.Nifty Future May
was quoting at 42.40 points premium.Nifty put
option May 6500 was very active.Support
for Sensex is at 22460 and Nifty at 6700.
Resistance for Sensex is at 22870 and Nifty at 6840.
HDIL and UPL added Open Interest in May series.Huge position was build up at HDIL
April
Call Option Strike Price 90.Good build up was also seen at UNITECH May Call Option Strike Price 17.50.
Strategy for Futures Option
players.
(1)
IOB(54.80) Future-Lot Size 8000
shares.
Buy One Lot
MAY
Future
@54.80 Rs
Sell One Call Option of MAY Strike Price 55@ Rs.3.0
Premium Received=3*8000=
24000.00 Rs
Maximum Profit=55– 54.80
= 0.2*8000= 1600 + 24000 = 25600.00 Rs.
Max Loss=Unlimited.
(2) IBREALEST (66.60)
LOT SIZE 4000 shares
Buy One Call Option of MAY
Strike Price 65@5.65 Rs.
Sell One Call Option of MAY Strike Price 67.50@4.30 Rs.
Premium Paid =
5.65*4000= 22600.00 Rs.
Premium
Received=4.30*4000=17200.00 Rs.
Net Premium Paid=
22600-17200=5400.00 Rs.
Maximum Profit =
67.50-65=2.5*4000= 10000.00 – 5400.00= 4600.00 Rs.
Maximum Loss= 5400.00
Rs.
Break Even= 66.35
Trading Idea
(1) YES BANK (468.40)
Buy this stock in decline and trade
.
(2) DR REDDY (2629.25) Buy this stock
in decline and trade
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