Saturday, July 28, 2012

FOMC meeting on US interest rates on 31 July and 1 August 2012

 
BSE Sensex (16839.19)  and Nifty(5099.85) closed  down by 1.9% and 2% respectively last week..Nifty Future August was quoting at 32.15  points premium.Nifty call option August  5200 was very active.Support for Sensex is at  16610. Resistance for Sensex is at 17050. Support for Nifty is at 4940 and resistance is at 5235.

GAIL,Cipla and BOB will declare Q1 results next week.                                    

SBI and  ICICI Bank added Open Interest in August  series.Huge position was build up at  SBI August  Call Option Strike Price 2100.Good build up was also seen at  ICICI Bank August Call Option Strike Price 940.
Strategy  for Futures Option players.                                                                       

1)ICICI Bank(928.25) lot size 250 shares                                                                                                                                                                                                                         
Buy One Call Option of  August Strike Price 920@37.35  Rs
Sell One Call Option of  August Strike Price 940@26.95  Rs.
Premium .Paid= 37.35*250=9337.50 Rs.
Premium Received= 26.95*250=  6737.50 Rs.
Net Premium Paid=9337.50-6737.50=.2600.00 Rs.
Maximum Profit==940-920 =20*250=5000-2600.00= 2400.00 Rs.-
 Maximum Loss=  2600.00 Rs.
Break Even = 930.40


2)Tata Steel(402.10)   Future-Lot Size 500 shares.
Buy One Lot  August   Future  @402.10 Rs
Sell One Call Option of  August Strike Price 420@ Rs.7.15
Premium Received=7.15*500= 3575.00 Rs
Maximum Profit=420-402.10 == 17.90*500=.8950 + 3575=12525.00 Rs.
Max Loss=Unlimited.
           
Trading Idea

1)TCS(1225.30) Buy this stock in decline and trade                                                                                                                                                                                                                                .
2)Hindalco(117.50) Buy this stock in decline and trade



 


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Narendra Nainani
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