Market
remains closed on 25 December on account of Christmas
BSE Sensex
(27371.84) and NSE Nifty(8225.20) closed up by 0.1%
and 0.01% respectively last week.Nifty Future was quoting at 7.80 points premium.Nifty call option December 8300 was very active.Support for Sensex is
at 27100 and Nifty at 8150. Resistance
for Sensex is at 27650 and Nifty at 8320.
HDFC and HDFC BANK added Open
Interest in January series.Huge position was build up at IFCI January
put Option Strike Price 35.Good build up was also seen at JSW
ENERGY January call Option Strike Price 105.
Strategy for Futures Option players.
(1) INFY (2014.90) Future-Lot Size 250 shares.
Buy One Lot January Future
@ 2014.90 Rs
Sell One Call Option January strike price 2100@ 41.00 Rs
Premium Received=41*250= 10250.00 Rs
Maximum Profit=2100-2014.90=85.10*250= 21275.00
+ 10250.00 = 31525.00 Rs.
Max Loss=Unlimited.
(2) MOTHER SUMI (432.90) LOT
SIZE 500 shares
Buy
One Call Option of January
Strike Price 430@ 29.00 Rs.
Sell
One Call Option of January
Strike Price 450@ 17.05 Rs.
Premium Paid = 29.00*500 = 14500.00 Rs.
Premium Received=17.05*500= 8525.00 Rs.
Net Premium Paid= 14500.00-8525.00= 5975.00 Rs.
Maximum Profit =450-430=20*500=10000– 5975.00
=4025.00 Rs.
Maximum Loss= 5975.00 Rs.
Break Even= 441.95
Trading Idea
(1) JSW ENERGY (102.10) Buy this stock
in decline and trade.
.
(2) COAL INDIA
(376) Buy this stock in decline and trade.
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1 comment:
The author has made his point very clear by differentiating the current terms of investment as told by Epic research from the traditional investment strategies.
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