Saturday, December 9, 2017

Double bottom formation analysis by BULLET ADVISORY



ECB policy outcome on 14 December 2017


BSE Sensex (33250.30)  and NSE Nifty(10265.65) closed  respectively  last week.


BHEL  and  ITC added Open Interest in  December  series.Huge position was build up at   SUZLON  December  call  Option Strike Price  15.00.Good build up was also seen at  GMRINFRA call  Option Strike Price  20.00.


Strategy  for Futures Option players


(1)  HINDPETRO (428.75)   Future-Lot Size  1575 shares.

Buy One Lot  December Future  @ 428.75  Rs.
Sell One Call Option December strike price  440.00 @  8.15 Rs
Premium Received =  8.15*1575  =  12836.25 Rs
Maximum Profit=  440.00  –  428.75  =  11.25*1575 = 17718.75 + 12836.25  =  30555.00 Rs.
Max Loss=Unlimited.


(2)  ITC  (262.50) LOT SIZE  2400 shares
Buy  One Call Option of   December Strike Price  260@ 6.80 Rs.
Sell  One Call Option of  December  Strike Price  270.00@ 2.75 Rs.
Premium Paid =  6.80*2400  =  16320.00 Rs.
Premium Received =  2.75*2400 = 6600.00 Rs.
Net Premium Paid = 16320.00 – 6600.00 =  9720.00 Rs.
Maximum Profit =  270.00 – 260.00 =  10.00*2400 = 24000.00  – 9720.00 =  14280.00 Rs.
Maximum Loss =  9720.00 Rs.
BREAKEVEN = 264.05


Trading Idea


(1) AJANTA PHARMA (1443) Buy this stock in decline and trade.


(2) ACC (1747.00) Buy this stock in decline and trade.


By

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1 comment:

Sonal Jain said...

India’s July-September current account deficit more than doubled from a year earlier after imports accelerated while crude prices surged, as per Reserve Bank of India report.
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