Bullet Advice For Indian Stocks Weekly-market marches ahead on FII buying
1. BSE Sensex (15670.31) and Nifty (4636.45) closed 1.9% and 1.5 % up respectively last week.
.Nifty Future August was quoting at 17.55 points premium Nifty Call Option August 4700 was very active.Support for Sensex is at 15120 and Nifty at 4480.Resistance for Sensex is at 16270 and Nifty is at 4820.Crude oil was at 67.14 $.
FII’s remained net buyers.Better than expected results by leading corporate increased the comfort level of market participants.Adani Power’s IPO received overwhelming response from QIB’s.
RIL and SBI added Open Interest in August series..REC LTD and ROLTA shaded Open Interest.Huge position was build up at RIL August Call Option Strike Price 2010.Good build up was also seen at SBI August Call Option Strike Price 1800.
Tactics for Future Option players.
1)Nifty(4636.45) Lot Size-50
1. Premium .Paid=202.25*50= 10112.50 Rs.
Premium Received=109.85*50=5492.50 Rs.
Net Premium Paid=10112.50-5492.50= 4620.00 Rs.
Maximum Profit==4800-4600=200*50=10000-4620=5380.00 Rs.
Break Even Price=4692.40
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