Major
market remains closed on 1 January on account of New Year
BSE Sensex
(27241.78) and NSE Nifty(8200.70) closed down by 0.4%
and 0.3% respectively last week.Nifty Future was quoting at 68.30 points premium.Nifty call option January 8400 was very active.Support for Sensex is
at 26950 and Nifty at 8110. Resistance
for Sensex is at 27500 and Nifty at 8320.
SBI and BANK OF INDIA
added Open Interest in January series.Huge
position was build up at SBI January
call Option Strike Price 320.Good build up was also seen at IBREALEST
January call Option Strike Price 75.
Strategy for Futures Option players.
(1) TVS MOTORS (264.50) Future-Lot Size 1000 shares.
Buy One Lot January Future
@ 264.50 Rs
Sell One Call Option January strike price 280@ 7.60 Rs
Premium Received= 7.60*1000= 7600.00 Rs
Maximum Profit=280-264.50=15.50*1000= 15500.00
+ 7600.00 = 23100.00 Rs.
Max Loss=Unlimited.
(2) CANARA BANK (448.25) LOT SIZE 1000 shares
Buy
One Call Option of January
Strike Price 450@ 20.60 Rs.
Sell
One Call Option of January
Strike Price 470@ 12.70 Rs.
Premium Paid = 20.60*1000 = 20600.00 Rs.
Premium Received=12.70*1000= 12700.00 Rs.
Net Premium Paid= 20600.00-12700.00= 7900.00 Rs.
Maximum Profit =470-450=20*1000=20000.00 –
7900.00 = 12100.00 Rs.
Maximum Loss= 7900.00 Rs.
Break Even= 457.90
Trading Idea
(1) BANK INDIA (301.50) Buy this stock in
decline and trade.
.
(2) UNION BANK (240.90) Buy this stock in decline and trade.
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2 comments:
Indian indices settled down. Weakness in global stocks triggered a sell-off on the domestic courses on last trading session of the week as regards Epic research.
Thanks for sharing this information it’s very informative to all. Keep it up, all the best
Forex tips
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