Saturday, January 28, 2017

New high low , moving averages crossover analysis by BULLET ADVISORY

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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.
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