Saturday, November 29, 2014

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The European Central Bank will meet to discuss monetary policy on 4  December 2014

BSE Sensex (28693.99)  and NSE Nifty(8588.25) closed up  by 1.3% and  1.31% respectively  last week.Nifty Future was quoting at  44.50 points premium.Nifty  call option December  8700 was very active.Support for Sensex is at  28330 and Nifty at 8470. Resistance for Sensex is at 28940 and Nifty at 8655.

SBI  and HPCL added Open Interest in December  series.Huge position was build up at HDIL December  call Option Strike Price 85.Good build up was also seen at   SBI December  call Option Strike Price 320.

Strategy  for Futures Option players.

(1) FEDERAL BANK (152.45)   Future-Lot Size 2000 shares.
Buy One Lot  December  Future  @ 152.45 Rs
Sell One Call Option December  strike price 160@ 3.55 Rs
Premium Received=3.55*2000= 7100.00 Rs
Maximum Profit=160– 152.45 = 7.55*2000= 15100.00 + 7100.00 = 22200.00 Rs.
Max Loss=Unlimited.

(2) TATA POWER (93) LOT SIZE 4000 shares
Buy  One Call Option of   DECEMBER Strike Price 90@ 4.70 Rs.
Sell  One Call Option of   DECEMBER Strike Price 97.50@ 1.40 Rs.
Premium Paid = 4.70*4000 = 18800.00 Rs.
Premium Received=1.40*4000= 5600.00 Rs.
Net Premium Paid= 18800.00-5600.00= 13200.00 Rs.
Maximum Profit =97.50-90=7.50*4000=30000– 13200.00 =16800.00 Rs.
Maximum Loss= 13200.00 Rs.
Break Even= 93.30

Trading Idea

 (1) BANK BARODA (1087.20) Buy this stock in decline and trade.                                                                                                                                                                                                                               .

(2) JET AIRWAYS (322.65) Buy this stock in decline and trade.

Bullet Advisory.
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Funds follow us.
Globe track us.
What are you waiting for?
Join us.
we are BULLET.

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