FIIs’ remain net buyers

BSE Sensex (17361.74) and Nifty (5278.20) closed down 0.6% and 1.9% respectively last week.Nifty Future March was quoting at 19.80 points premium.Nifty call option March 5300 was very active.Support for Sensex is at 17100. Resistance for Sensex is at 17650 .Support for Nifty is at 5190 and resistance at 5370
Future and options contracts expire on 29th March 2012.
SBI and Tata Steel added Open Interest in March series.Huge position was build up at SBI March Call Option Strike Price 2200.Good build up was also seen at Tata Steel March Call Option Strike Price 460.
Strategy for Futures Option players.

1)PETRONET(163.75) lot size 2000 shares
Buy One Call Option of March Strike Price 160@5.40 Rs
Sell One Call Option of March Strike Price 170@0.85 Rs.
Premium .Paid= 5.40*2000=10800.00 Rs.
Premium Received= 0.85*2000= 1700.00 Rs.
Net Premium Paid=10800.00-1700.00=9100.00 Rs.
Maximum Profit==170-160 =10*2000=20000-9100.00= 10900.00 Rs.-
Maximum Loss= 9100.00 Rs.
Break Even Price= 164.55


2)TCS(1185) Future-Lot Size 250 shares.
Buy One Lot March Future @1185 Rs
Sell One Call Option of March Strike Price 1200@ Rs.11.80
Premium Received=11.80*250= 2950.00 Rs
Maximum Profit=1200-1185 == 15*250=.3750.00 + 2950.00=6700.00 Rs.
Max Loss=Unlimited.

Trading Idea
1)ASHOK LEYLAND(29.10) Buy this stock in decline and trade .
2)SUN PHARMA(580.40) Buy this stock in decline and trade






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