BSE Sensex
(18774.24) and
Nifty (5667.65) closed down by
2.1% and
2.4% respectively last week.Nifty Future June was quoting at 11.70
points discount.Nifty PUT option June 5600 was very active.Support for Sensex is at 18470.Resistance for Sensex is at 19230. Support
for Nifty is at 5570 and resistance at 5815.
POWERGRID and ICICI BANK added Open Interest in June series.Huge position
was build up at SBI June Call Option Strike Price 2000.Good build
up was also seen at RCOM Call June Option Strike Price 130.
Strategy for Futures Option players.
(1) RCOM (119.55)
lot size 4000 shares
Buy One Call Option of JULY Strike Price 120@ 7.55 Rs
Sell One Call Option of JULY Strike
Price 130@ 4.20 Rs.
Premium .Paid= 7.55*4000= 30200.00 Rs.
Premium Received= 4.20*4000 = 16800.00 Rs.
Net Premium Paid= 30200 - 16800= 13400.00 Rs.
Maximum Profit= 130-120= 10*4000 = 4000.00-
13400= 26600.00 Rs.
Maximum
Loss= 13400.00 Rs.
Break Even = 123.35
(2) WIPRO (347.25) Future-Lot Size 500 shares.
Buy One Lot JULY Future
@ 347.25 Rs
Sell One Call Option of JULY Strike Price 360@ 9.00 Rs.
Premium Received= 9*500 = 4500.00 Rs
Maximum Profit= 360-347.25 = 12.75*500 =
6375.00 + 4500.00 = 10875.00 Rs.
Max Loss=Unlimited.
Trading Idea
(1) CAIRN (293.50) Buy this stock in
decline and trade .
(2) IDEA (139.85) Buy this stock in decline
and trade
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