Saturday, June 9, 2012

Reserve Bank of India's (RBI) mid-quarter monetary policy review scheduled on 18 June 2012

 
BSE Sensex (16718.87) and Nifty (5068.35) closed up  4.7%  and  4.3%   respectively  last week.Nifty Future June was quoting at 7.9  points premium.Nifty call option June  5100 was very active.Support for Sensex is at  16050. Resistance for Sensex is at 17420 .Support for Nifty is at 4910 and resistance at 5195.

 ICICI Bank and  SBI added Open Interest in June  series.Huge position was build up at  SBI  Call Option Strike 2200.Good build up was also seen at  RIL June Call Option Strike Price 720.

Strategy  for Futures Option players.                                                                 

1)GAIL(331.90) lot size 500 shares                                                                                                                                                                                                                         
Buy One Call Option of  June Strike Price 320@16.80  Rs
Sell One Call Option of June Strike Price 340@7.35  Rs.
Premium .Paid= 16.80*500=8400.00 Rs.
Premium Received= 7.35*500=  3675.00 Rs.
Net Premium Paid=8400--3675=4725.00 Rs.
Maximum Profit==340-320 =20*500=10000-4725= 5275.00 Rs.-
 Maximum Loss=  4725.00 Rs.
Break Even Price= 329.45


2)LIC Housing(247.15)   Future-Lot Size 1000 shares.
Buy One Lot June   Future  @247.15 Rs
Sell One Call Option of  June Strike Price 250@ Rs.6.30
Premium Received=6.3*1000= 6300.00 Rs
Maximum Profit=250-247.15 == 2.85*1000=2850.00 + 6300.00=9150.00 Rs.
Max Loss=Unlimited.
           

Trading Idea
1)Hind Petro(303.20) Buy this stock in decline and trade                                                                                                                                                                                                                                .
2)Corp Bank(428.20) Buy this stock in decline and trade




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Narendra Nainani
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2 comments:

sharetipsinfo said...
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