WISH YOU ALL A HAPPY
AND PROSPEROUS NEW YEAR
Federal Reserve Governor Jerome Powell's
speech is scheduled on Tuesday, 17 November 2015
We can see through the charts.
We can write it on the wall.What are you waiting for?
We are BULLET
BSE Sensex (25610.50) and NSE Nifty(7762.25) closed down by 2.5% and 2.4% respectively last week.Nifty call option November 7800 was very active.Nifty November future was
quoting at the premium of 7.75 points.Support
for Sensex is at 25130 and Nifty at 7605.
Resistance for Sensex is at 26430 and Nifty at 8016.
ICICI BANK and ADANI PORTS added Open Interest in November series.Huge
position was build up at JINDAL STEEL November
call Option Strike Price 85.Good
build up was also seen at RCOM November
put Option Strike Price 55.
Strategy
for Futures Option players
(1) COAL INDIA (337.60) Future-Lot Size 1200 shares.
Buy One Lot November
Future @ 337.60 Rs.
Sell One Call Option November
strike price 350@ 3.35 Rs
Premium Received= 3.35*1200= 4020.00 Rs
Maximum Profit= 350 – 337.60= 12.40*1200= 14880 + 4020 = 18900.00 Rs.
Max Loss=Unlimited.
(2) JINDAL STEEL(78.25) LOT SIZE 7000 shares
Buy One Call Option of November Strike Price 77.50@ 5.00 Rs.
Sell One Call Option of November
Strike Price 82.50@ 2.60 Rs.
Premium Paid = 5*7000 = 35000.00 Rs.
Premium Received= 2.60*7000 = 18200.00 Rs.
Net Premium Paid= 35000 – 18200= 16800.00 Rs.
Maximum Profit = 82.50 -77.50= 5*7000= 35000.00 – 16800.00 = 18200.00 Rs.
Maximum Loss= 16800.00 Rs.
Break Even= 79.90
Trading Idea
(1) STAR (1284.70) Buy this stock in decline and trade.
.
2) CESC (556.70)
Buy this stock in decline and trade.
DIWALI AND NEW YEAR PICKS
(1) ICICI BANK (261.75)
BUY AND HOLD THIS STOCK FOR
ONE YEAR AT EVERY DECLINE FOR THE PROFIT TARGET OF 20% FROM CMP.
(2)
SBI (240.25)
BUY AND HOLD THIS STOCK FOR
ONE YEAR AT EVERY DECLINE FOR THE PROFIT TARGET OF 20% FROM CMP.
By
Bullet Advisory.
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1 comment:
Thanks for your best Article post. I like your post and very helpful for every visitors.
Sgx Nifty
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