We can see through the charts.
We can write it on the wall.
What are you waiting for?
We are BULLET.
Parliamentary
election in UK on 7 May 2015
BSE
Sensex (27011.31) and NSE Nifty(8181.50) closed down by 1.5%
and 1.2% respectively last week.Nifty call option May 8200 was very active.Support for Sensex is
at 26770 and Nifty at 8125. Resistance
for Sensex is at 27440 and Nifty at 8310.
RELIANCE
INDUSTRIES and ICICI BANK added Open Interest in May series.Huge position was build up at SBI
May put Option Strike Price 270.Good build up was also seen at REC LTD
May put Option Strike Price 320.
Strategy for Futures Option players.
(1)
ICICI BANK (333.95) Future-Lot Size 1250 shares.
Buy One Lot May Future
@ 333.95 Rs
Sell One Call Option May strike price 350@ 4.55 Rs
Premium Received= 4.55*1250=
5687.50 Rs
Maximum Profit= 350- 333.95=
16.05*1250= 20062.50 + 5687.50 = 25750.00 Rs.
Max Loss=Unlimited.
(2) AXIS BANK (570) LOT SIZE 500
shares
Buy One Call Option of May Strike Price 570@ 21.90 Rs.
Sell One Call Option of May Strike Price 590@ 14 Rs.
Premium Paid = 21.90*500=
10950.00 Rs.
Premium Received= 14*500= 7000.00
Rs.
Net Premium Paid= 10950 –7000= 3950.00
Rs.
Maximum Profit =
590-570=20*500=10000.00 – 3950.00 = 6050.00 Rs.
Maximum Loss= 3950.00 Rs.
Break Even= 577.90
Trading Idea
(1) MARUTI (3725.85) Buy
this stock in decline and trade.
.
(2) UPL (490.65)
Buy this stock in decline and trade.
By
Bullet Advisory.
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