BSE Sensex
(19958.47) and Nifty (6009.00) closed up by 2.41 % and
2.4 % respectively last week.Nifty Future July was quoting at 9.45
points premium.Nifty call option July 6000 was very active.Support for Sensex is at 19450.Resistance for Sensex is at 20500. Support
for Nifty is at 5850 and resistance at 6170.
Tata Motors and RPower added Open Interest in July series.Huge position
was build up at INFY July Call Option Strike Price 2800.Good build
up was also seen at RPower Call July Option Strike Price 80.
Strategy for Futures Option players.
(1) INFY (2804.20)
lot size 125 shares
Buy One Call Option of JULY Strike Price 2800@ 60.00 Rs
Sell One Call Option of JULY Strike
Price 2900@ 22.30 Rs.
Premium .Paid= 60*15 = 7500.00 Rs.
Premium Received= 22.30*125 = 2787.50 Rs.
Net Premium Paid= 7500 – 2787.50 = 4712.50 Rs.
Maximum Profit= 2900-2800= 100*125 = 12500
– 4712.50= 7787.50 Rs.
Maximum
Loss= 4712.50 Rs.
Break Even = 2837.70
(2) RPOWER (77.15) Future-Lot Size 4000 shares.
Buy One Lot JULY Future
@ 77.15 Rs
Sell One Call Option of JULY Strike Price 80@ 2.20 Rs.
Premium Received= 2.20*4000 = 8800.00 Rs
Maximum Profit= 80-77.15 = 2.85*4000 = 11400.00
+ 8800.00 = 20200.00 Rs.
Max Loss=Unlimited.
Trading Idea
(1) TCS (1609.85) Buy this stock in decline
and trade
.
(2) WIPRO (375.60) Buy this stock in
decline and trade
By
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Narendra
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