ECB governing council meet on 2 May 2013

BSE Sensex (19286.72)   and Nifty (5871.45) closed  up  by 1.4% and  1.5% respectively last week.Nifty Future May was quoting at  17.55  points premium.Nifty put option May  5800 was very active.Support for Sensex is at  19000.Resistance for Sensex is at 19500. Support for Nifty is at 5790 and resistance at 5940.

Market remains closed on 1  May 2013 because of Maharashtra Day.

IDEA  and  TATA MOTORS added Open Interest in May series.Huge position was build up at  ICICI BANK May  Call Option Strike Price 1200.Good build up was also seen at  MARUTI  Call May  Option Strike Price 1700.

Strategy  for Futures Option players.                                                                 

(1) LIC HOUSING (247.85) lot size 1000 shares                                                                                                                                                                                                                         

Buy One Call Option of  MAY Strike Price 250@9.85 Rs

Sell One Call Option of  MAY Strike Price 260@5.60 Rs.

Premium .Paid= 9.85*1000=9850.00 Rs.

Premium Received= 5.60*1000=  5600.00 Rs.

Net Premium Paid=9850-5600= 4250.00 Rs.

Maximum Profit==260-250=10*1000=10000-4250= 5750.00 Rs.-

 Maximum Loss=  4250.00 Rs.

Break Even = 254.25

(2) TATA MOTORS (298.80)   Future-Lot Size 1000 shares.

Buy One Lot  MAY  Future  @298.80 Rs

Sell One Call Option of  MAY Strike Price 310@ Rs.7.60

Premium Received=7.60*1000= 7600.00 Rs

Maximum Profit=310-298.80 = 11.20*1000= 11200.00 + 7600.00=18800.00 Rs.

Max Loss=Unlimited.

           

Trading Idea

(1) IDEA (123.15) this stock in decline and trade                                                                                                                                                                                                                                .

(2) LT  (1540.85) Buy this stock in decline and trade

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sharp fall in gold and oil price lifts stock prices

BSE Sensex (19016.46)   and Nifty (5783.10) closed  up  by 4.2% and  4.6% respectively last week.Nifty Future April was quoting at  0.10  points discount.Nifty call option April  5800 was very active.Support for Sensex is at  18750. Resistance for Sensex is at 19340. Support for Nifty is at 5690 and resistance at 5880.

CAIRN,HDFC BANK,AXIS BANK,ICICI BANK and MARUTI will announce Q4 results next week.

SBI  and  TCS added Open Interest in April  series.Huge position was build up at  SBI April  Call Option Strike Price 2300.Good build up was also seen at  TCS  Call April  Option Strike Price 1500.

Strategy  for Futures Option players.                                                                 

(1) DENA BANK (94.85) lot size 4000 shares                                                                                                                                                                                                                         

Buy One Call Option of  MAY Strike Price 95@4.15 Rs

Sell One Call Option of  MAY Strike Price 100@2.20 Rs.

Premium .Paid= 4.15*4000=16600.00 Rs.

Premium Received= 2.20*4000=  8800.00 Rs.

Net Premium Paid=16600-8800= 7800.00 Rs.

Maximum Profit==100-95 =5*4000=20000-7800= 12200.00 Rs.-

 Maximum Loss=  7800.00 Rs.

Break Even = 96.95

(2) SBI (2256.05)   Future-Lot Size 125 shares.

Buy One Lot  MAY  Future  @2256.05 Rs

Sell One Call Option of  MAY Strike Price 2300@ Rs.74.05

Premium Received=74.05*125= 9256.25 Rs

Maximum Profit=2300-2256.05 = 43.95*125= 5493.75 + 9256.25=14750.00 Rs.

Max Loss=Unlimited.

           

Trading Idea

(1) FINANTECH (754.65) Buy this stock in decline and trade                                                                                                                                                                                                                                .

(2) TATA MOTOR  (282.45) Buy this stock in decline and trade

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Q4 corporate earnings will decide the trend

BSE Sensex (18242.56)   and Nifty (5528.55) closed  down  by 1.1% and 0.4% respectively last week.Nifty Future April was quoting at  4.45  points premium.Nifty call option April  5500 was very active.Support for Sensex is at  18050. Resistance for Sensex is at 18500. Support for Nifty is at 5480 and resistance at 5580.

RIL,TCS and WIPRO will announce Q4 results next week.

SBI  and  DLF added Open Interest in April  series.Huge position was build up at  INFY April  Call Option Strike Price 2500.Good build up was also seen at  INFY  Put April  Option Strike Price 2400.

Strategy  for Futures Option players.                                                                 

(1) RPOWER (66.70) lot size 4000 shares                                                                                                                                                                                                                         

Buy One Call Option of  APRIL Strike Price 65@3.40 Rs

Sell One Call Option of  APRIL Strike Price 70@1.30 Rs.

Premium .Paid= 3.4*4000=13600.00 Rs.

Premium Received= 1.30*4000=  5200.00 Rs.

Net Premium Paid=13600-5200= 8400.00 Rs.

Maximum Profit==70-65 =5*4000=20000-8400= 11600.00 Rs.-

 Maximum Loss=  8400.00 Rs.

Break Even = 67.10

(2) TATA MOTORS (276.25)   Future-Lot Size 1000 shares.

Buy One Lot  APRIL  Future  @276.25 Rs

Sell One Call Option of  APRIL Strike Price 280@ Rs.6.10

Premium Received=6.10*1000= 6100.00 Rs

Maximum Profit=280-276.25 = 3.75*1000= 3750 + 6100=9850.00 Rs.

Max Loss=Unlimited.

           

Trading Idea

(1) HDFC (764.80) Buy this stock in decline and trade                                                                                                                                                                                                                                .

(2) REC LTD  (218.20) Buy this stock in decline and trade

 

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