FII
flow will determine the direction
BSE Sensex
(21196.81) and Nifty (6307.2) closed up
by 2.5 % and 2.6 % respectively last week.Nifty Future
November was quoting at 60.80 points premium.Nifty Call option November 6400 was very active.Support for Sensex is at 20700.Resistance for Sensex is at 21600. Support
for Nifty is at 6150 and resistance at 6430.
IDFC and IDBI added Open Interest in NOVEMBER series.Huge
position was build up at HDIL November CALL Option Strike Price 57.50.Good
build up was also seen at DENA BANK November CALL Option Strike Price 65.
Strategy for Futures Option players.
(1)
HDIL (46.90) lot size 4000 shares
Buy One Call Option of NOVEMBER Strike Price 47.50@ 3.45 Rs
Sell One Call Option of NOVEMBER
Strike Price 52.50@ 1.70 Rs.
Premium .Paid= 3.45*4000 = 13800.00 Rs.
Premium Received= 1.70*4000 = 6800.00 Rs.
Net Premium Paid= 13800 – 6800 = 7000.00
Rs.
Maximum Profit= 52.50-47.50= 5*4000 = 20000
– 6800= 13200.00 Rs.
Maximum Loss=
6800.00 Rs.
Break Even = 49.25
(2) IFCI (25.95) Future-Lot Size 8000 shares.
Buy One Lot NOVEMBER Future
@ 25.95 Rs
Sell One Call Option of NOVEBER Strike Price 27.50@ Rs.1.20
Premium Received= 1.2*8000 = 9600.000 Rs
Maximum Profit= 27.50-25.95 = 1.55*8000 = 12400.00
+ 9600.00 = 22000.00 Rs.
Max Loss=Unlimited.
Trading Idea
(1) BIOCON (350.60) Buy this stock in
decline and trade
.
(2) MARUTI (1636.15) Buy this stock in
decline and trade
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