Saturday, October 20, 2012

near-month October 2012 derivatives expire on Thursday, 25 October 2012



BSE Sensex (18682.31)  and Nifty(5684.25) closed  up  by 0.01% and 0.6% respectively last week..Nifty Future October was quoting at  0.05  points premium.Nifty call option October  5700 was very active.Support for Sensex is at  18540. Resistance for Sensex is at 18820. Support for Nifty is at 5630 and resistance is at 5725.

L & T,BAJAJ AUTO,HDFC,CAIRN,BOB,HINDUSTAN UNILEVER,ICICI BANK,NTPC,GAIL,PNB and IDFC WILL DECLARE Q2 results next week.

SBI and  DLF added Open Interest in October  series.Huge position was build up at  TCS October  Call Option Strike Price 1300.Good build up was also seen at  AXIS BANK October Call Option Strike Price 1200.

Strategy  for Futures Option players.                                                                 

1)DR REDDY(1704.45) lot size 125 shares                                                                                                                                                                                                                         
Buy One Call Option of  October Strike Price 1700@22.45 Rs
Sell One Call Option of  October Strike Price 1750@4.20 Rs.
Premium .Paid= 22.45*125=2806.25 Rs.
Premium Received= 4.20*125=  525.00 Rs.
Net Premium Paid=2806.25-525= 2281.25 Rs.
Maximum Profit==1750-1700 =50*125=6250-2281.25= 3968.75 Rs.-
 Maximum Loss=  2281.25 Rs.
Break Even = 1718.25


2)PETRONET(168.70)   Future-Lot Size 2000 shares.
Buy One Lot   October   Future  @168.70 Rs
Sell One Call Option of   October Strike Price 170@ Rs.1.40
Premium Received=1.40*2000= 2800.00 Rs
Maximum Profit=170-168.70 == 1.30*2000=.2600.00 + 2800=5400.00 Rs.
Max Loss=Unlimited.
           
Trading Idea

1)ANDHRA BANK(114.40) Buy this stock in decline and trade                                                                                                                                                                                                                                .
2)CANBK(447.05) Buy this stock in decline and trade



 
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Narendra Nainani
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