China will announce industrial production and retail sales data for July on 13 August 2014.
BSE Sensex (25329.14) and NSE Nifty(7568.55) closed down by 0.6% and 0.5% respectively last week.Nifty Future was quoting at 23.10 points premium.Nifty call option August 7700 was very active.Support for Sensex is at 25000 and Nifty at 7500. Resistance for Sensex is at 25500 and Nifty at 7620.
DABUR and SUNPHARMA added Open Interest in August series.Huge position was build up at IDFC August Put Option Strike Price 135.Good build up was also seen at HINDALCO August Put Option Strike Price 180.
Strategy for Futures Option players.
(1) SBI (2422.60) Future-Lot Size 125 shares.
Buy One Lot AUGUST Future @ 2422.60 Rs
Sell One Call Option of AUGUST Strike Price 2500@ Rs.35.50
Premium Received=35.50*125= 4437.50 Rs
Maximum Profit=2500– 2422.60 = 77.40*125= 9675.00 + 4437.50 = 14112.50 Rs.
(2) ICICI BANK (1437.15) LOT SIZE 250 shares
Buy One Call Option of AUGUST Strike Price 1440@ 36.60 Rs.
Sell One Call Option of AUGUST Strike Price 1480@ 21.05 Rs.
Premium Paid = 36.60*250= 9150 Rs.
Premium Received=21.05*250= 5262.50 Rs.
Net Premium Paid= 9150-5262.50= 3887.50 Rs.
Maximum Profit =1480-1440=40*250=10000– 3887.50= 6112.50 Rs.
Maximum Loss= 3887.50 Rs.
Break Even= 1455.55
(1) INFY (3482.65) Buy this stock in decline and trade .
(2) TCS (2478.70) 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