Head & Shoulder Pattern | Overbought/Oversold | Signal Successful

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NIFTY MEDIA INDEX down 6% over last one month

 

BSE Sensex (60621.77) and NSE Nifty(18027.65) closed respectively last week. We can see through the charts. We can write it on the wall. What are you waiting for? We are BULLET

 

GODREJCP and MUTHOOTFIN added Open Interest in JANUARY series. Huge position was build up at PETRONET call Option Strike Price 225.00 .Good built up was also seen at COFORGE call option Strike Price 4300.00

 

CHANGE IN OPEN INTEREST % CHANGE

 

ATUL            2,909 82.13 

 

COFORGE   10,133 70.94.

 

Future Option Trading Strategies

.

(1) CUB (159.55) Future- Lot Size 5000 shares.

Buy One Lot JANUARY Future @159.55 Rs. 

Sell One Call Option JANUARY strike price 160.00@ 1.55 Rs

Premium Received =1.55*5000 = 7750.00 Rs

Maximum Profit= 160.00– 159.55 = 0.45*5000 =2250.00 +7750 =10000.00 Rs.

Max Loss=Unlimited.

 

(2) ICICIBANK (870.35) LOT SIZE 700 shares

Buy One Call Option of JANUARY Strike Price 700@ 12.55Rs.

Sell One Call Option of JANUARY Strike Price 780.00 @ 8.65

Rs. Premium Paid = 12.55*700= 8785.00 

Premium Received = 8.65*700 = 6055.00 

Net Premium Paid = 8785.00 - 6055.00 = 2730.00 Rs. 

Maximum Profit = 780.00 – 770.00 = =10*700= 7000.00 – 2730.00 = 4270.00 Rs. 

Maximum Loss = 2730.00 Rs. Break Even = 873.90

 

Trading Idea

 

(1) HAL (2509.50) Buy

this stock in decline

and trade.

 

(2) CHOLAFIN (706.25) Buy this stock in decline and trade.

 

By Bullet Advisory. 

Traders trade with us. 

Funds follow us. 

Globe track us. 

What are you waiting for?

We are BULLET.

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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