Next Budget session of the Parliament begins on 22 April 2013

BSE Sensex (18835.77)   and Nifty (5682.55) closed  up  by 0.5% and 0.6.% respectively last week.Nifty Future April was quoting at  42.25  points premium.Nifty call option April  5700 was very active.Support for Sensex is at  18650. Resistance for Sensex is at 19000. Support for Nifty is at 5620 and resistance at 5720.

TATA STEEL   and  HINDALCO added Open Interest in April  series.Huge position was build up at  TATASTEEL April  Call Option Strike Price 320.Good build up was also seen at  ONGC  April Call Option Strike Price 320.

Strategy  for Futures Option players.                                                                 

(1) INFY (2889.35) lot size 125 shares                                                                                                                                                                                                                         

Buy One Call Option of  APRIL Strike Price 2900@102 Rs

Sell One Call Option of  APRIL Strike Price 2950@83.95 Rs.

Premium .Paid= 102*125=12750.00 Rs.

Premium Received= 83.95*125=  10493.75 Rs.

Net Premium Paid=12750-10493.75= 2256.25 Rs.

Maximum Profit==2950-2900 =50*125=6250-2256.25= 3993.75 Rs.-

 Maximum Loss=  2256.25 Rs.

Break Even = 2918.05

(2) IDEA (113.95)   Future-Lot Size 4000 shares.

Buy One Lot  APRIL  Future  @113.95 Rs

Sell One Call Option of  APRIL Strike Price 120@ Rs.2.30

Premium Received=2.30*4000= 9200.00 Rs

Maximum Profit=120-113.95 = 6.05*4000= 24200 + 9200=33400.00 Rs.

Max Loss=Unlimited.

           

Trading Idea

(1) ITC (309.45) Buy this stock in decline and trade                                                                                                                                                                                                                                .

(2) TCS  (1575.75) Buy this stock in decline and trade

 

Narendra Nainani
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Website www.subscriptionnarendranainani.blogspot.com

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Standard & Poor’s lowering the credit rating of Cyprus invites profit booking

BSE Sensex (18735.60)   and Nifty (5651.35) closed  down  by 3.6% and 3.8.% respectively last week.Nifty Future March was quoting at  14.65  points premium.Nifty call option March  5700 was very active.Support for Sensex is at  18250. Resistance for Sensex is at 19200. Support for Nifty is at 5500 and resistance at 5800.

HIND PETRO   and  IDBI added Open Interest in March  series.Huge position was build up at  SBI March  Call Option Strike Price 2150.Good build up was also seen at  DLF  March Call Option Strike Price 240.

Strategy  for Futures Option players.                                                                 

(1) DLF (230.95) lot size 1000 shares                                                                                                                                                                                                                         

Buy One Call Option of  APRIL Strike Price 230@12.00 Rs

Sell One Call Option of  APRIL Strike Price 240@7.50 Rs.

Premium .Paid= 12*1000=12000.00 Rs.

Premium Received= 7.5*1000=  7500.00 Rs.

Net Premium Paid=12000-7500= 4500.00 Rs.

Maximum Profit==240-230 =10*1000=10000-4500= 5500 Rs.-

 Maximum Loss=  4500 Rs.

Break Even = 234.50

(2) TCS (1550)   Future-Lot Size 250 shares.

Buy One Lot  APRIL  Future  @1550 Rs

Sell One Call Option of  APRIL Strike Price 1550@ Rs.51.00

Premium Received=51*250= 12750.00 Rs

Maximum Profit=1550-1550 = 0 + 12750=12750.00 Rs.

Max Loss=Unlimited.

           

Trading Idea

(1) COLPAL (1307.80) Buy this stock in decline and trade                                                                                                                                                                                                                                .

(2) IOC  (290.05) Buy this stock in decline and trade

 



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