Market may remain volatile as traders roll over positions in F & O
BSE Sensex (26419.55) and NSE Nifty(7913.20) closed up by 1.2% and 1.6% respectively last week.Nifty Future was quoting at 23.50 points premium.Nifty call option August 8000 was very active.Support for Sensex is at 26150 and Nifty at 7800. Resistance for Sensex is at 26790 and Nifty at 8025.
NTPC and AXIS BANK added Open Interest in August series.Huge position was build up at AXIS BANK August Call Option Strike Price 404.Good build up was also seen at SBI August Call Option Strike Price 2550.
Strategy for Futures Option players.
(1) DR REDDY (2835) Future-Lot Size 125 shares.
Buy One Lot AUGUST Future @ 2835.00 Rs
Sell One Call Option of AUGUST Strike Price 2850@ Rs.20.90
Premium Received=20.90*125= 2612.50 Rs
Maximum Profit=2850– 2835 = 15*125= 1875.00 + 2612.50 = 4487.50 Rs.
(2) ONGC (427.05) LOT SIZE 1000 shares
Buy One Call Option of SEPTEMBER Strike Price 420@ 21.30 Rs.
Sell One Call Option of SEPTEMBER Strike Price firstname.lastname@example.org Rs.
Premium Paid = 21.30*1000= 21300 Rs.
Premium Received=12.20*1000= 12200.00 Rs.
Net Premium Paid= 21300.00-12200.00= 9100.00 Rs.
Maximum Profit =440-420=20*1000=20000– 9100.00= 10900.00 Rs.
Maximum Loss= 9100.00 Rs.
Break Even= 429.10
(1) BANK INDIA (292.05) Buy this stock in decline and trade .
(2) MARUTI (2754.85) Buy this stock in decline and trade
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