Corporate advance tax data will dictate the trend
BSE Sensex
(21809.80) and NSE Nifty(6504.20) closed down by 0.5% and 0.2% respectively last week.Nifty Future March was quoting at 34.65 points premium.Nifty put option March 6500 was very active.Support for Sensex is at 21580 and Nifty at 6440. Resistance for
Sensex is at 22030 and Nifty at 6565.
JPASSOCIAT and IDFC added Open Interest in March series.Huge position
was build up at JPASSOCIAT March
Call Option Strike Price 45.Good build up was also seen at IDFC March Call Option Strike Price 120.
Strategy for Futures Option players.
(1)RELIANCE (891.30) Future-Lot Size 250 shares.
Buy One Lot MARCH Future
@891.30 Rs
Sell One Call Option of MARCH Strike Price 920@
Rs.8.40
Premium Received=8.40*250= 2100.00 Rs
Maximum Profit=920- 891.30 = 28.70*250=
7175 + 2100 = 9275.00 Rs.
Max Loss=Unlimited.
(2) LIC HOUSING (229.60) LOT SIZE 2000
shares
Buy One Call Option of MARCH Strike Price 230@8.25 Rs.
Sell One Call Option of MARCH Strike Price 240@4.80
Rs.
Premium Paid = 8.25*2000= 16500.00 Rs.
Premium Received=4.80*2000=9600.00 Rs.
Net Premium Paid= 16500-9600=6900.00 Rs.
Maximum Profit = 240-230= 10*2000= 20000.00
– 6900.00=13100.00 Rs.
Maximum Loss= 6900.00 Rs.
Break Even= 233.45
Trading Idea
(1) ITC (346.20) Buy this stock in decline
and trade
.
(2) LT (1257.60) Buy this stock in decline
and trade
By
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1 comment:
Hello Traders,
Again the NIFTY has proved us right. Yesterday hit the high of 7601.80 & able to close above 7550.We booked heavy profit in our NIFTY & PSU banks call. Now for the coming week our technical team think some sort of consolidation in NIFTY & all stocks. So they believe trader can sell NIFTY around 7650-7700 with stop loss of 7800 for the target 7300-7200.We are giving small stop loss this time as NIFTY alreadyINDIAN , STOCK TIPS showed a very heavy rally last week so it should show some consolidation & sideways pattern till the next up move. Second factor is that some Indian data will be announced next week like inflation. Till then sell will be more safe strategy then the buy. For further updates you can visit our website.
Regards
BIGPROFITBUZZ TEAM
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