Saturday, October 22, 2022

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 NIFTY MEDIA INDEX down 3% over last one month

 

BSE Sensex (59307.15) and NSE Nifty(17576.30) closed respectively last week.



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SUNPHARMA and CIPLA added Open Interest in NOVEMBER series.Huge position was build up at ICICI BANK call Option Strike Price 1040.00 .Good build up was also seen at ABOTTINDIA call option Strike Price 20000.



 
CHANGE IN OPEN INTEREST % CHANGE
.                                        
                                     
AXISBANK            50,721    56.69                     
 

          
IPCALAB            982    35.81                    
    
        
        
        
        
        
  Future OptionTrading Strategies
 

 

(1) ICICIBANK (910.00) Future-Lot Size 1375 shares.
Buy One Lot OCTOBER Future @ 910.00 Rs.
Sell One Call Option OCTOBER strike price 910@15.30 Rs     
Premium Received = 15.30*1375 = 21037.50 Rs

Maximum Profit= 910.00 – 910.00 = 00.00 *1375 = 00.00 + 21037.50 = 21037.50 Rs.
Max Loss=Unlimited.

    
 

(2) SBILIFE (1246.35) LOT SIZE 750 shares
Buy One Call Option of OCTOBER Strike Price 1240.00 @ 16.00 Rs.
Sell One Call Option of OCTOBER Strike Price 1260.00 @ 12.35 Rs.
Premium Paid = 16.00*750= 12000.00
Premium Received = 12.35*750 = 9262.50 Net Premium Paid = 12000.00 – 9262.50 = 2737.50 Rs.
Maximum Profit = 1260.00 – 1240.00 = 20.00*750= 15000.00 – 2737.50 = 12262.50 Rs.
Maximum Loss = 2737.50 Rs.
Break Even = 913.65
     
 

Trading Idea
    
 

(1) KOTAKBANK (1902.65) Buy this stock in decline and trade.
 

 

(2) TITAN (2665.65) Buy this stock in decline and trade.    
    
    
    
    
                                    
  By

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Funds follow us.
Globe track us.
What are you waiting for?
 



By Bullet Advisory. Traders trade with us. Funds follow us. Globe track us. What are you waiting for? Join us. We are BULLET Happy with the quality of our free calls? Then don't waste your time. Subscribe to our paid services to get more calls like this live because the time and timing always matters.

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