Finance Minister Arun Jaitley will present Union Budget on 28 Feb 2015 in the Parliament
BSE Sensex (29094.93) and NSE Nifty(8805.50) closed up by 1.2% and 1.7% respectively last week.Nifty Future was quoting at 41.60 points premium.Nifty call option February 8900 was very active.Support for Sensex is at 28750 and Nifty at 8700. Resistance for Sensex is at 29450 and Nifty at 8920.
SBI and COAL INDIA added Open Interest in February series.Huge position was build up at SBI February call Option Strike Price 310.Good build up was also seen at PNB February call Option Strike Price 170.
Strategy for Futures Option players.
(1) AMBUJA CEMENT (263.95) Future-Lot Size 1000 shares.
Buy One Lot February Future @ 263.95 Rs
Sell One Call Option February strike price 275@ 3.45 Rs
Premium Received= 3.45*1000= 3450.00 Rs
Maximum Profit=275-263.95=11.05*1000= 11050.00 + 3450.00 = 14500.00 Rs.
(2) LUPIN (1679.45) LOT SIZE 250 shares
Buy One Call Option of February Strike Price 1680@ 41.65 Rs.
Sell One Call Option of February Strike Price 1760@ 14.00 Rs.
Premium Paid = 41.65*250= 10412.50 Rs.
Premium Received=14.00*250= 3500.00 Rs.
Net Premium Paid= 10412.50 –3500.00= 6912.50 Rs.
Maximum Profit = 1760-1680=80*250=20000.00 – 6912.50 = 13087.50 Rs.
Maximum Loss= 6912.50 Rs.
Break Even= 1707.65
(1) ACC (1625.05) Buy this stock in decline and trade. .
(2) HEXAWARE (258.75) Buy this stock in decline and trade.
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