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Bank of Japan's monetary policy meet on 1 May 2017
We can see through the charts.
We can write it on the wall.
What are you waiting for?
We are BULLET
BSE Sensex (29918.40) and NSE Nifty(9304.05) close up by 1.90 % and 2.00% respectively last week.
FEDERAL BANK and IFCI added Open Interest in May series.Huge position was build up at SUZLON May call Option Strike Price 22.50.Good build up was also seen at IFCI call Option Strike Price 35.00.
Strategy for Futures Option players
(1) IDBI (78.60) Future-Lot Size 8000 shares.
Buy One Lot May Future @ 78.60 Rs.
Sell One Call Option May strike price 80.00 @ 2.80 Rs
Premium Received = 2.80*8000 = 22400.00 Rs
Maximum Profit= 80.00 – 78.60 = 1.40*8000 = 11200.00 + 22400.00 = 33600.00 Rs.
Max Loss=Unlimited.
(2) MARUTI (6563) LOT SIZE 150 shares
Buy One Call Option of May Strike Price 6550@ 134.00 Rs.
Sell One Call Option of May Strike Price 6600.00@ 114.00 Rs.
Premium Paid = 134*150 = 20100.00 Rs.
Premium Received = 114*150 = 17100.00 Rs.
Net Premium Paid = 20100.00 – 17100.00 = 3000.00 Rs.
Maximum Profit = 6600.00 – 6550.00 = 50*150 = 7500.00 – 3000.00 = 4500.00 Rs.
Maximum Loss = 3000.00 Rs.
Break Even = 6570
Trading Idea
(1) FEDERAL BANK (107.60) Buy this stock in decline and trade.
(2) CANARA BANK (357.55) 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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