Land
Acquisition Bill,Insurance Bill,Pension Bill,Companies Bill,Direct Tax Code
Bill and Food Security Bill may come up for consideration in monsoon session of
the Parliament
BSE Sensex
(19164.02) and Nifty (5677.90) closed down
by 3 % and 3.5 % respectively last week.Nifty Future
August was quoting at 22.10 points premium.Nifty Call option August 5900 was very active.Support for Sensex is at 18650.Resistance for Sensex is at 19580. Support
for Nifty is at 5500 and resistance at 5830.
TITAN and TATA MOTORS
added Open Interest in AUGUST series.Huge
position was build up at SBI AUGUST Call
Option Strike Price 1900.Good build up was also seen at RCOM Call August Option Strike Price 140.
Strategy for Futures Option players.
(1) TITAN
(282.50) lot size 1000 shares
Buy One Call Option of AUGUST Strike Price 280@ 17.00 Rs
Sell One Call Option of AUGUST Strike
Price 290@ 12.00 Rs.
Premium .Paid= 17*1000 = 17000.00 Rs.
Premium Received= 12*1000 = 12000.00 Rs.
Net Premium Paid= 17000 – 12000 = 5000.00
Rs.
Maximum Profit= 290-280= 10*1000 = 10000 –
5000= 5000.00 Rs.
Maximum Loss=
5000.00 Rs.
Break Even = 285
(2) AXIS BANK (1099.10) Future-Lot Size 250 shares.
Buy One Lot AUGUST Future
@ 1099.10 Rs
Sell One Call Option of AUGUST Strike Price 1140@ 39.50 Rs.
Premium Received= 39.50*250 = 9875.00 Rs
Maximum Profit= 1140-1099.10 = 40.90*250 =
10225.00 + 9875.00 = 20100.00 Rs.
Max Loss=Unlimited.
Trading Idea
(1) INFY (3008.80) Buy this stock in
decline and trade
.
(2) TCS (1845.85) Buy this stock in decline
and trade
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