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Public sector oil marketing companies will remain in focus on fuel price revision expectation 
We can see through the charts. 
We can write it on the wall. 
What are you waiting for? 
We are BULLET 
BSE Sensex (26489.56)  and NSE Nifty(8139.45) close  down  by   1.00  % and  1.50% respectively  last week. 
IFCI  and TATA MOTORS  added Open Interest in  December  series.Huge position was build up at   IFCI  December call  Option Strike Price  30.00.Good build up was also seen at  ADANI ENTERPRISE  call  Option Strike Price  75.00. 
Strategy  for Futures Option players 
(1)   GLENMARK (934.50)   Future-Lot Size  700 shares. 
Buy One Lot  December  Future  @ 934.50  Rs. 
Sell One Call Option December strike price  940.00 @ 17.75 Rs 
Premium Received =  17.75*700  =  12425.00 Rs 
Maximum Profit=   940.00  – 934.50 =  5.50*700 =  3850 + 12425 = 16275.00 Rs. 
Max Loss=Unlimited. 
(2)  INFY  (1004.45) LOT SIZE  500 shares 
Buy  One Call Option of   December  Strike Price  1000@ 20.00 Rs. 
Sell  One Call Option of   December  Strike Price  1020.00@ 10.50 Rs. 
Premium Paid = 20.00*500  = 10000.00 Rs. 
Premium Received =  10.50*500 = 5250.00 Rs. 
Net Premium Paid = 10000.00 – 5250.00 = 4750.00 Rs. 
Maximum Profit =  1020.00 – 1000.00 =  20.00*500 = 10000.00 – 4750.00 =  5250.00 Rs. 
Maximum Loss = 4750.00 Rs. 
Break Even =  1009.50 
Trading Idea 
(1)  TCS (2284.80) Buy this stock in decline and trade. 
(2) BIOCON (980.95) 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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1 comment:
Oil prices settled higher on Friday, notching gains for the week.
Crude Intraday Tips
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