Saturday, December 24, 2016

Nifty and Bank Nifty options calls by BULLET ADVISORY

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Nifty closed below the crucial level of 8000

 

We can see through the charts.

We can write it on the wall.

What are you waiting for?

We are BULLET

 

BSE Sensex (26040.70) and NSE Nifty(7985.70) close down by 1.70 % and 1.90% respectively last week.

 

HDFC BANK and VEDL added Open Interest in December series.Huge position was build up at RELIANCE INDUSTRIES December call Option Strike Price 1080.00.Good build up was also seen at CIPLA call Option Strike Price 600.00.

 

Strategy for Futures Option players

 

(1) MARUTI (5230) Future-Lot Size 150 shares.

Buy One Lot January Future @ 5230.00 Rs.

Sell One Call Option January strike price 5300.00 @ 113.00 Rs

Premium Received = 113*150 = 16950.00 Rs

Maximum Profit= 5300.00 – 5230.00 = 70*150 = 10500 + 16950 = 27450.00 Rs.

Max Loss=Unlimited.

 

(2) IOC (313) LOT SIZE 3000 shares

Buy One Call Option of January Strike Price 310@ 11.40 Rs.

Sell One Call Option of January Strike Price 320.00@ 6.50 Rs.

Premium Paid = 11.40*3000 = 34200.00 Rs.

Premium Received = 6.50*3000 = 19500.00 Rs.

Net Premium Paid = 34200.00 – 19500.00 = 14700.00 Rs.

Maximum Profit = 320.00 – 310.00 = 10.00*3000 = 30000.00 – 14700.00 = 15300.00 Rs.

Maximum Loss = 14700.00 Rs.

Break Even = 314.90

 

Trading Idea

 

(1) CIPLA (582.30) Buy this stock in decline and trade.

 

(2) GAIL (431.55) Buy this stock in decline and trade.

 

By

 

Bullet Advisory.

Traders trade with us.

Funds follow us.

Globe track us.

What are you waiting for?

Join us.

we are BULLET

 


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