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Union
Budget 2017 on 1 February
We can see
through the charts.
We can
write it on the wall.
What are
you waiting for?
We are
BULLET
BSE Sensex (27882.44) and NSE Nifty(8641.25) close up by 3.20 %
and 3.60% respectively last week.
ICICI BANK and IFCI added Open Interest in February series.Huge position was
build up at IFCI February call
Option Strike Price 32.50.Good
build up was also seen at ADANI POWER call
Option Strike Price 37.50.
Strategy for Futures Option players
(1) BHEL (139.45)
Future-Lot Size 5000 shares.
Buy One Lot February
Future @ 139.45 Rs.
Sell One Call Option February strike
price 140.00 @ 6.60 Rs
Premium Received =
6.60*5000 = 33000.00 Rs
Maximum Profit=
140.00 – 139.45 = 0.55*5000 = 2750 + 33000 = 35750.00 Rs.
Max Loss=Unlimited.
(2) ICICI BANK (271.80) LOT SIZE 2500
shares
Buy One Call Option of February
Strike Price 270@14.70 Rs.
Sell One Call Option
of February Strike Price 275.00@ 12.40 Rs.
Premium Paid = 14.70*2500
= 36750.00 Rs.
Premium Received = 12.40*2500
= 31000.00 Rs.
Net Premium Paid = 36750.00 – 31000.00
= 5750.00 Rs.
Maximum Profit = 275.00 – 270.00 = 5.0*2500 = 12500.00 – 5750.00 = 6750.00
Rs.
Maximum Loss = 5750.00 Rs.
Break Even = 272.30
Trading Idea
(1) EICHER MOTORS (2382.65) Buy this stock in decline and
trade.
(2) GLENMARK PHARMA (898.55) 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
Website www.bulletadvisory.com
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