Reserve
Bank of India's monetary policy review on 29 October 2013.
BSE Sensex
(20882.89) and Nifty (6189.35) closed up
by 1.7 % and 1.5 % respectively last week.Nifty Future
October was quoting at 15.90 points premium.Nifty Call option October 6200 was very active.Support for Sensex is at 20550.Resistance for Sensex is at 21300. Support
for Nifty is at 6080 and resistance at 6300.
ICICI BANK and TATA STEEL added Open Interest in OCTOBER series.Huge
position was build up at TATA STEEL October CALL Option Strike Price 335.Good
build up was also seen at SSLT October CALL Option Strike Price 215.
Strategy for Futures Option players.
(1)
BPCL (362.20) lot size 1000 shares
Buy One Call Option of OCTOBER Strike Price 360@ 12.25 Rs
Sell One Call Option of OCTOBER Strike
Price 370@ 7.00 Rs.
Premium .Paid= 12.25*1000 = 12250.00 Rs.
Premium Received= 7*1000 = 7000.00 Rs.
Net Premium Paid= 12250 – 7000 = 5250.00
Rs.
Maximum Profit= 370-360= 10*1000 = 10000 –
5250= 4750.00 Rs.
Maximum Loss=
5250.00 Rs.
Break Even = 365.25
(2) TATA STEEL (330.10)
Future-Lot Size 1000 shares.
Buy One Lot OCTOBER Future
@ 330.10 Rs
Sell One Call Option of OCTOBER Strike Price 335@ Rs.7.40
Premium Received= 7.40*1000 = 7400.000 Rs
Maximum Profit= 335-330.10 = 4.90*1000 = 4900.00
+ 7400.00 = 12300.00 Rs.
Max Loss=Unlimited.
Trading Idea
(1) RELIANCE IND (905.65) Buy this stock in
decline and trade
.
(2) AXIS BANK (1156.20) Buy this stock in
decline and trade
Website www.bulletadvisory.com Website www.subscriptionnarendranainani.blogspot.com
No comments:
Post a Comment