RBI monetary policy statement on 4 October 2016
We can see through the charts.
We can write it on the wall.
What are you waiting for?
We are BULLET
BSE Sensex (28668.22) and NSE Nifty(8831.55) close up 0.20 % and 0.50% respectively last week.
IFCI and SINTEX added Open Interest in September series.Huge position was build up at DLF September call Option Strike Price 160.00.Good build up was also seen at TATA GLOBAL call Option Strike Price 130.00.
Strategy for Futures Option players
(1) IRB (262.10) Future-Lot Size 2500 shares.
Buy One Lot October Future @ 262.10 Rs.
Sell One Call Option October strike price 270.00 @ 10.05 Rs
Premium Received = 10.05*2500 = 25125.00 Rs
Maximum Profit= 270.00 – 262.10 = 7.90*2500 = 19750.00 + 25125.00 = 44875.00 Rs.
Max Loss=Unlimited.
(2) TATA GLOBAL (142.25) LOT SIZE 4500 shares
Buy One Call Option of October Strike Price 140.00@ 7.90 Rs.
Sell One Call Option of September Strike Price 145.00@ 4.90 Rs.
Premium Paid = 7.90*4500 = 35550.00 Rs.
Premium Received = 4.90*4500 = 22050.00 Rs.
Net Premium Paid = 35550.00 – 22050.00 = 13500.00 Rs.
Maximum Profit = 145.00 – 140.00 = 5*4500 = 22500.00 – 13500.00 = 9000.00 Rs.
Maximum Loss = 13500.00 Rs.
Break Even = 143.00
Trading Idea
(1) SRF (1787.85) Buy this stock in decline and trade.
(2) MRF (45841.30) Buy this stock in decline and trade.
By
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