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We can write it on the wall.
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Diwali muhurat trading on 11 November 2015 from 17.45 IST to
18.45 IST
We can see through the charts.
We can write it on the wall.
What are you waiting for?
We are BULLET.
BSE Sensex (26265.24) and NSE Nifty(7954.30) closed down by 1.5% and
1.2% respectively last week.Nifty call option November 8200 was very active.Nifty November future was
quoting at the premium of 31.55 points.Support for Sensex is at 26030 and Nifty at 7880. Resistance for
Sensex is at 26650 and Nifty at 8075.
BANK BARODA
and PNB added Open
Interest in November series.Huge
position was build up at BANK BARODA November call
Option Strike Price 160.Good build up was also seen at UNITECH November
call Option Strike Price 7.5.
Strategy
for Futures Option players
(1) HCL TECH (257.70)
Future-Lot Size 2000 shares.
Buy One Lot November
Future @ 257.70 Rs.
Sell One Call Option November
strike price 270@ 4.05 Rs
Premium Received= 4.05*2000= 8100.00
Rs
Maximum Profit= 270 – 257.20 = 12.30*2000= 24600.00 + 8100.00 = 32700.00
Rs.
Max Loss=Unlimited.
(2) SBIN (243) LOT SIZE 2000 shares
Buy One Call Option of November
Strike Price 240@ 10.40 Rs.
Sell One Call Option of November
Strike Price 250@ 5.80 Rs.
Premium Paid = 10.40*2000 = 20800.00 Rs.
Premium Received= 5.80*2000 = 11600.00 Rs.
Net Premium Paid= 20800 – 11600 = 9200.00 Rs.
Maximum Profit = 250 - 240= 10*2000= 20000.00 – 9200.00 = 10800.00 Rs.
Maximum Loss= 9200.00 Rs.
Break Even= 244.60
Trading Idea
(1) HEXAWARE (258.40) Buy this stock in decline and trade.
.
(2) MOTHER SUMI
(266.20) Buy this stock in decline and trade.
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