ECB(European
Central Bank) will announce its interest rate decision on 2 October 2013.
BSE Sensex
(19727.27) and Nifty (5833.20) closed down
by 2.6 % and 3 % respectively last week.Nifty Future October
was quoting at 54.80 points premium.Nifty Call option October 6200 was very active.Support for Sensex is at 19350.Resistance for Sensex is at 20100. Support
for Nifty is at 5700 and resistance at 5950.
BPCL and DABUR added Open Interest in OCTOBER series.Huge
position was build up at BPCL October CALL Option Strike Price 340.Good
build up was also seen at ASHOK LEYLAND October CALL Option Strike Price 15.
Strategy for Futures Option players.
(1)ASHOK
LEYLAND (15.05) lot size 9000 shares
Buy One Call Option of OCTOBER Strike Price 15.00@ 1.30 Rs
Sell One Call Option of OCTOBER Strike
Price 17.50@ 0.55 Rs.
Premium .Paid= 1.30*9000 = 11700.00 Rs.
Premium Received= 0.55*9000 = 4950.00 Rs.
Net Premium Paid= 11700 – 4950 = 6750.00
Rs.
Maximum Profit= 17.50-15.00= 2.5*9000 =
22500 – 6750= 15750.00 Rs.
Maximum Loss=
6750.00 Rs.
Break Even = 15.75
(2) IDEA (173.20)
Future-Lot Size 2000 shares.
Buy One Lot OCTOBER Future
@ 173.20 Rs
Sell One Call Option of OCTOBER Strike Price 180@ 6.10 Rs.
Premium Received= 6.10*2000 = 12200.00 Rs
Maximum Profit= 180-173.20 = 6.80*2000 = 13600.00
+ 12200.00 = 25800.00 Rs.
Max Loss=Unlimited.
Trading Idea
(1) SUN PHARMA (589.85) Buy this stock in
decline and trade
.
(2) CESC (336.85) Buy this stock in decline
and trade
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1 comment:
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