BSE Sensex (18918.50) and Nifty (5719.70) closed down 2.1% and 2.2% last week.Nifty Future
March was quoting at 8.30 points premium.Support for Sensex is at 18670
and resistance at 19300.Support for the Nifty is at 5650 and resistance at
5830.Nifty call option March 5800 was
very active.
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INFY and SBI
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 DLF
March Call Option Strike Price 280.
Strategy for Futures
Option players.
(1) WIPRO (421.70) lot size 1000 shares
Buy One Call Option of March Strike Price 420@ 12.60
Rs
Sell One Call Option of March Strike Price 440@ 5.00
Rs.
Premium .Paid = 12.60*1000 = 12600.00 Rs.
Premium Received= 5*1000 = 5000.00 Rs.
Net Premium Paid =12600-5000 = 7600.00 Rs.
Maximum Profit =440-420 = 20*1000 = 20000 – 7600 =
12400.00 Rs.-
Maximum Loss =
7600.00 Rs.
Break Even = 427.60 Rs.
(2) IDEA (116.15)
Future-Lot Size 4000 shares
Buy One Lot
March Future @ 116.15 Rs
Sell One Call Option of March Strike Price 120@ 3.10
Rs.
Premium Received= 3.10*4000 = 12400.00 Rs
Maximum Profit= 120 – 116.15 = 3.85*4000 =.15400.00 +
12400.00 = 27800.00 Rs.
Max Loss=Unlimited.
Trading Idea
(1) INFY (2913.80) Buy this stock in decline and trade
.
(2) MARUTI (1424.40) Buy this stock in decline and trade
By
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Narendra Nainani
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