FOMC policy
meet on 17-18 December 2013
BSE Sensex
(20217.39) and Nifty (5995.45) closed down
by 0.9 % and 1 % respectively last week.Nifty Future November
was quoting at 36.05 points premium.Nifty Call option November 6100 was very active.Support for Sensex is at 19950.Resistance for Sensex is at 20420. Support
for Nifty is at 5920 and resistance at 6060.
WIPRO and IDEA added Open Interest in NOVEMBER series.Huge
position was build up at CAIRN November CALL Option Strike Price 330.Good
build up was also seen at MC DOWELL-N November CALL Option Strike Price 2450.
Strategy for Futures Option players.
(1)
HINDALCO (118.40) lot size 2000 shares
Buy One Call Option of DECEMBER Strike Price 120@ 5.80 Rs
Sell One Call Option of DECEMBER
Strike Price 125 @ 3.95 Rs.
Premium .Paid= 5.8*2000 = 11600.00 Rs.
Premium Received= 3.95*2000 = 7900.00 Rs.
Net Premium Paid= 11600 – 7900 = 3700.00
Rs.
Maximum Profit= 125-120= 5*2000 = 10000 –
3700= 6300.00 Rs.
Maximum Loss=
3700.00 Rs.
Break Even = 121.85
(2) IDEA (176.45) Future-Lot Size 2000 shares.
Buy One Lot DECEMBER Future
@ 176.45 Rs
Sell One Call Option of DECEMBER Strike Price 185 @ Rs.3.80
Premium Received= 3.8*2000 = 7600.000 Rs
Maximum Profit= 185 -176.45 = 8.55*2000 = 17100.00
+ 7600.00 = 24700.00 Rs.
Max Loss=Unlimited.
Trading Idea
(1) CAIRN (327.05) Buy this stock in
decline and trade
.
(2) ONGC (278.20) Buy this stock in decline
and trade
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1 comment:
give some technical view for CALL PUT TIPS and TODAY STOCK TIPS
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