Finance Minister Arun Jaitley is expected to table Union Budget for 2014-15 in Lok Sabha by mid-July 2014
BSE Sensex (25396.46) and NSE Nifty(7583.40) closed up by 4.91% and 4.90% respectively last week.Nifty Future June was quoting at 15.60 points premium.Nifty call option June 7600 was very active.Support for Sensex is at 24630 and Nifty at 7350. Resistance for Sensex is at 26150 and Nifty at 7820.
IDEA and DLF added Open Interest in June series.Huge position was build up at TATA MOTORS June Call Option Strike Price 460.Good build up was also seen at RCOM June Call Option Strike Price 160.
Strategy for Futures Option players.
(1)TATA CHEM (338.10) Future-Lot Size1000 shares.
Buy One Lot JUNE Future @338.10 Rs
Sell One Call Option of JUNE Strike Price 350@ Rs.10.10
Premium Received=10.10*1000= 10100.00 Rs
Maximum Profit=350– 338.10 = 11.90*1000= 11900 + 10100 = 22000.00 Rs.
(2) ONGC (465.65) LOT SIZE 1000 shares
Buy One Call Option of JUNE Strike Price 465@ 25.05 Rs.
Sell One Call Option of JUNE Strike Price 470@ 23.35 Rs.
Premium Paid = 25.05*1000= 25050.00 Rs.
Premium Received=23.35*1000= 23350.00 Rs.
Net Premium Paid= 25050-23350=1700.00 Rs.
Maximum Profit = 470-465=5*1000=5000– 1700= 3300.00 Rs.
Maximum Loss= 1700.00 Rs.
Break Even= 466.70
(1) HDFC (935.15) Buy this stock in decline and trade .
(2) ICICI BANK (1486.30) Buy this stock in decline and trade
Traders trade with us.
Funds follow us.
Globe track us.
What are you waiting for?
we are BULLET.
Website www.bulletadvisory.com Website www.subscriptionnarendranainani.blogspot.com