Support resistance breakout calls by BULLET ADVISORY

Union Budget  will dictate the trend

BSE Sensex (36050.44)  and NSE Nifty (11069.65) closed  respectively  last week.

JPASSOCIAT  and  SUZLON  added Open Interest in  February  series.Huge position was build up at   SUZLON  February  call  Option Strike Price  17.50.Good build up was also seen at GMR INFRA call  Option Strike Price  25.00.

Strategy  for Futures Option players

(1)   DIVI’S LAB (1125)   Future-Lot Size  800 shares.

Buy One Lot  February Future  @  1125.00  Rs.
Sell One Call Option February strike price  1140 @  46.00 Rs
Premium Received =  46*800  = 36800.00 Rs
Maximum Profit=  1040.00  –  1025.00  =  15*800 = 12000.00 + 36800.00  =  48800.00 Rs.
Max Loss=Unlimited.

(2)  COAL INDIA  (300.00) LOT SIZE  2200 shares
Buy  One Call Option of   February Strike Price  300@ 7.00 Rs.
Sell  One Call Option of  February  Strike Price  310.00@ 4.20 Rs.
Premium Paid =  7*2200  =  15400.00 Rs.
Premium Received =  4.20*2200 = 9240.00 Rs.
Net Premium Paid = 15400.00 – 9240.00 =  6160.00 Rs.
Maximum Profit =  310.00 – 300.00 =  10.00*2200 = 22000.00  – 6160.00 =  15840.00 Rs.
Maximum Loss =  6160.00 Rs.

BREAKEVEN = 302.80

Trading Idea

(1) ADANI ENTERPRISES (214.40) Buy this stock in decline and trade.

(2) VEDL (345.60) Buy this stock in decline and trade.

By

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