Q 2 corporate earnings will be scrutinized carefully by analysts
BSE Sensex
(19915.95) and Nifty (5907.30) closed up
by 1.0 % and 1.3 % respectively last week.Nifty Future
October was quoting at 49.70 points premium.Nifty Call option October 6100 was very active.Support for Sensex is at 19600.Resistance for Sensex is at 20200. Support
for Nifty is at 5800 and resistance at 6000.
ARVIND and YES BANK added Open Interest in OCTOBER series.Huge
position was build up at ARVIND October CALL Option Strike Price 90.Good build
up was also seen at SAIL October CALL Option Strike Price 65.
Strategy for Futures Option players.
((1)
HINDALCO
(118.40) lot size 4000 shares
Buy One Call Option of OCTOBER Strike Price 120.00@ 5.00 Rs
Sell One Call Option of OCTOBER Strike
Price 125@ 3.00 Rs.
Premium .Paid= 5*4000 = 20000.00 Rs.
Premium Received= 3*4000 = 12000.00 Rs.
Net Premium Paid= 20000 – 12000 = 8000.00
Rs.
Maximum Profit= 125-120= 5*4000 = 20000 –
8000= 12000.00 Rs.
Maximum Loss=
8000.00 Rs.
Break Even = 122.00
(2) CHAMBLE FERILIZER (4000)
Future-Lot Size 4000 shares.
Buy One Lot OCTOBER Future
@ 36.60 Rs
Sell One Call Option of OCTOBER Strike Price 37.50@ Rs.1.60
Premium Received= 1.60*4000 = 6400.00 Rs
Maximum Profit= 37.50-36.60 = 0.90*4000 = 3600.00
+ 6400.00 = 10000.00 Rs.
Max Loss=Unlimited.
Trading Idea
(1) ARVIND (89.40) Buy this stock in
decline and trade
.
(2) LUPIN (878.65) Buy this stock in
decline and trade
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