Bullet Advisory Analyses Indian Stock Market Nifty StocksBullet Advice For Indian Stocks Weekly – Nifty scales to 32-1/2 month highsBSE Sensex (20445.04) and Nifty (6143.40) closed up 2.0% and 2.1% respectivelylast week.Nifty Future October was quoting at 33.50 points premium.Nifty call optionOctober 6200 was very active.Support for Sensex is at 20050. Resistance for Sensex is at20870 .Support for Nifty is at 6020 and resistance at 6270..IPO of Coal India will raise about Rs 16,000 crore in the mid October.This will be thelargest ever IPO in the country. Infosys will declare Q2 results on 15
October 2010IFCI and Tata Steel added Open Interest in October series.Huge position was build up atUnitech October Call Option Strike Price 100.Good build up was also seen at IFCIOctober Call Option Strike Price 70.Strategy for Futures Option players.1)SAIL(223.55) Lot Size-1000 SharesBuy One Call Option of October Strike Price email@example.com RsSell One Call Option of October Strike Price firstname.lastname@example.org Rs.Premium .Paid=13.60*1000= 13600.00.00 Rs.Premium Received=8.25*1000= 8250.00 Rs. Net Premium Paid==13600.00-8250.00=5350.00 Rs.Maximum Profit==230-220==10*1000=10000.00-5350.00=4650.00 Rs.Maximum Loss= 5350.00 Rs.Break Even Price=225.352)IFCI(67.30) October Future-Lot Size 4000 shares.