Markets will remain closed on 2nd,3rd and 6th October because of Mahatma Gandhi Jayanti,Dussehra and Bakri Id respectively
BSE Sensex
(26568.00) and NSE Nifty(7945.55) closed down by 0.2%
and 0.3% respectively last week.Nifty Future was quoting at 36.60 points premium.Nifty put option October 7900 was very active.Support for Sensex is
at 26400 and Nifty at 7900. Resistance
for Sensex is at 26780 and Nifty at 8010.
SAIL and M & M FINANCE added Open Interest in October series.Huge
position was build up at ASHOK LEYLAND October call Option Strike Price 45.Good build up was
also seen at UNITECH October call Option Strike Price 22.5.
Strategy for Futures Option players.
(1) INFY (3815.75) Future-Lot Size 125 shares.
Buy One Lot OCTOBER Future
@ 3815.75 Rs
Sell One Call Option October strike price 4000@60.95 Rs
Premium Received=60.95*125= 7618.75 Rs
Maximum Profit=4000– 3815.75 = 184.25*125= 23031.25
+ 7618.75 = 30650.00 Rs.
Max Loss=Unlimited.
(2) WIPRO (615.75) LOT
SIZE 500 shares
Buy
One Call Option of OCTOBER
Strike Price 610@ 24.85 Rs.
Sell
One Call Option of OCTOBER
Strike Price 630@15.55 Rs.
Premium Paid = 24.85*500= 12425.00 Rs.
Premium Received=15.55*500= 7775.00 Rs.
Net Premium Paid= 12450.00-7775.00= 4650.00 Rs.
Maximum Profit =630-610=20*500=10000– 4650.00
= 5350.00 Rs.
Maximum Loss= 4650.00 Rs.
Break Even= 619.30
Trading Idea
(1) HCL TECH (1740.15) Buy this stock
in decline and trade
.
(2) RANBAXY (638.40)
Buy this stock in decline and trade
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2 comments:
how was market affected by fundamental trend, some time high and some time down side, i didnt understand when market positive then stable and no movement seen up side
yesterday NIFTY CLOSE -20.25 POINT DOWN 7864.00 SENSEX CLOSE -34.74 POINT DOWN @ 26349.33 BANK NIFTY CLOSE 74.05 POINT UP @ 15751.55 and today market is close, as informed by Epic research.
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