Nifty and Bank Nifty calls by BULLET ADVISORY.

 Nifty  PSU BANK INDEX lost 10% over last one month.

BSE Sensex (57124.31) and Nifty (17003.75) closed respectively last week.


ICICIPRULI and MOTHERSUMI added Interest in the JANUARY series. A Huge position was building up at TECHM  call Option Strike Price 1720.00. A  Good build up was also seen at MPHASIS call Option Strike Price 3200.00

 

CHANGE IN OPEN TNTEREST       % CHANGE  
 

GRASIM                  13,846    48.03    
 

BANKNIFTY        5,37,906    42.45    

 

TRADING STRATEGIES F&O

(1)  FSL (184.15) Lot size 2600 shares
Buy one lot January future@ 184.15
Sell one lot January call option 190@9.70
Premium Received =  9.70*2600 = 25220.00
Maximum profit = 190.00 - 184.15 = 5.85*2600 = 15210.00 + 25220.00 = 40430.00Rs.
Maximum loss = Unlimited

 

(2) HCLTECH (1265.20) Lot size 700 shares
Buy one lot January call option 1260@46.85
Sell one lot January call option 1270@42.40
Premium Paid = 46.85*700 = 32795.00
Premium Received = 42.40*700 = 29820.00
Net premium paid = 32795.00 - 29820.00 = 2975.00
Maximum Profit = 1270.00 - 1260.00 = 10*700 = 7000.00 - 2975.00 =  4025.00
Maximum Loss = 2975.00
Break even = 1064.25
 .


TRADING IDEA
 
 

(1)  COFORGE (5645.60) Buy this stock in decline and trade.
 
 

(2)  TECHM (1723.80) Buy this stock in decline and trade.


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