Saturday, March 2, 2013

RBI to review mid-quarter Monetary Policy 2012-13 on 19 March 2013

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.


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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