Saturday, September 10, 2022

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NIFTY IT INDEX DOWN  3.00% OVER PAST ONE MONTH.

BSE Sensex (59793.14) and NSE Nifty(17833.35) closed respectively last week.



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We can write it on the wall.
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ASTRAL and GUJGASLTD added Open Interest in SEPTEMBER series.Huge position was build up at GSPL SEPTEMBER call Option Strike Price 270.00 .Good build up was also seen at ASTRAL call option Strike Price 2660.


 
CHANGE IN OPEN INTEREST % CHANGE
 

GSPL                        2,400    106.67                    

 
GRANULES            1,720    23.35                   
           
           
           
           
           
           
           
 Trading Strategies F & O

 
(1) GSPL (255.00) Future-Lot Size 2500 shares.
Buy One Lot SEPTEMER Future @ 255.00 Rs.
Sell One Call Option SEPTEMBER strike price 255@ 10.00 Rs
Premium Received = 10.00*2500 = 25000.00 Rs
 Maximum Profit= 255.00 – 255.00 = 0.00 *2500 = 0.00 + 25000.00 = 25000.00 Rs.
Max Loss=Unlimited.


(2) RBLBANK (128.60) LOT SIZE 5000 shares
Buy One Call Option of SEPTEMBER Strike Price 127.50 @ 7.00 Rs.
Sell One Call Option of SEPTEMBER Strike Price 130.00 @ 5.85 Rs.
Premium Paid = 7*5000= 35000.00
Premium Received = 5.85*5000 = 29250.00
 Net Premium Paid = 35000.00 – 29250.00 = 5750.00 Rs.
Maximum Profit = 130.00 – 127.50 = 2.50*5000= 12500.00 – 5750.00 = 6750.00 Rs.
Maximum Loss = 5750.50 Rs.
Break Even = 128.65

 
Trading Idea

 
(1) TECHM (1126.65) Buy this stock in decline and trade.

 
(2) BHARATFORG (787.65) Buy this stock in decline and trade.



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