Saturday, August 6, 2022

Sideways Market | Rangebound Market | Technical Analysis

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NIFTY ENERGY  INDEX UP  10.00% OVER PAST ONE MONTH.

 

BSE Sensex (58387.93) and NSE Nifty(17397.50) closed respectively last week.



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ICICIPRULI and PIIND added Open Interest in AUGUST series.Huge position was build up at PIIND AUGUST call Option Strike Price 2660 .Good build up was also seen at DIVISLAB call option Strike Price 4250.

 

CHANGE IN OPEN INTEREST % CHANGE

 

BALKRISIND        6,118    89.60    
               .
        

CROMPTON         1,030    38.04   

 

 

Trading Strategies F & O

 

 (1)  TATACOMM (1104.70) Future-Lot Size 500 shares.
Buy One Lot AUGUST Future @ 1104.70 Rs.
Sell One Call Option AUGUST strike price 1120@ 35.00 Rs
Premium Received = 35.00*500 = 17500.00 Rs
 Maximum Profit= 1120.00 – 1104.70 = 15.30 *500 = 7650.00 + 17500.00 = 25150.00 Rs.
Max Loss=Unlimited.


(2) ICICIPRULI (582.10) LOT SIZE 1500 shares
Buy One Call Option of AUGUST Strike Price 580 @ 16.10 Rs.
Sell One Call Option of AUGUST Strike Price 590 @ 12.20 Rs.
Premium Paid = 16.10*1500 = 24150.00 Rs.
Premium Received = 12.20*1500 = 18300.00
 Net Premium Paid = 24150.00 –  18300.00 = 5850.00 Rs.
Maximum Profit = 590.00 – 580.00 = 10*1500= 15000.00 – 5850.00 = 9150.00 Rs.
Maximum Loss = 5850.00 Rs.
Break Even = 583.90

 
Trading Idea

 
(1) MUTHOOTFIN (1144.40) Buy this stock in decline and trade.

 
(2) SHREECEM (21237.40) Buy this stock in decline and trade.



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