RBI’s monetary
policy review meet on 3 February and Bank of England’s on 5 Feb 2015
BSE Sensex
(29182.95) and NSE Nifty(8808.90) closed down by 0.3%
and 0.31% respectively last week.Nifty Future was quoting at 84.80 points premium.Nifty call option
Febuary 9000 was very active.Support
for Sensex is at 28880 and Nifty at 8720.
Resistance for Sensex is at 29360 and Nifty at 8860.
BHEL and NTPC added Open Interest in February series. Huge
position was build up at IFCI February call Option Strike Price 45.Good
build up was also seen at ASHOK LEYLAND
February call
Option Strike Price 70.
Strategy for Futures Option players.
(1)
UNITECH (18.85)
Future-Lot Size 9000 shares.
Buy One Lot February Future
@ 18.85 Rs
Sell One Call Option February strike price 22.50@ 0.60 Rs
Premium Received= 0.60*9000= 5400.00 Rs
Maximum Profit=22.50 – 18.85=3.65*9000= 32850.00
+ 5400.00 = 38250.00 Rs.
Max Loss=Unlimited.
(2) TATA STEEL (390.70) LOT SIZE 500 shares
Buy
One Call Option of February
Strike Price 390@18.10 Rs.
Sell
One Call Option of February
Strike Price 410@ 9.85 Rs.
Premium Paid = 18.10*500 = 9050.00 Rs.
Premium Received=9.85*500= 4925.00 Rs.
Net Premium Paid= 9050.00 –4925.00= 4125.00 Rs.
Maximum Profit =410-390=20*500=10000.00 –
4125.00 = 5875.00 Rs.
Maximum Loss= 4125.00 Rs.
Break Even= 398.25
Trading Idea
(1) RELIANCE CAPITAL (486.10) Buy this
stock in decline and trade. .
(2) BHEL (291.75) Buy this stock in decline and trade.
By
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1 comment:
Great posting, I really liked your way to highlight some really important and significant points. Thank you so much, keep it up....
Nifty tips
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