Janet Yellen will be the first woman to chair Federal Reserve
BSE Sensex
(20758.49) and NSE Nifty(6171.45) closed down by 0.6%
and 0.8% respectively last week.Nifty
Future January was quoting at 8.55 points premium.Nifty call option January 6300 was very active.Support for Sensex is at 20450 and Nifty at 6085. Resistance for
Sensex is at 21100 and Nifty at 6280.
ITC and TCS added Open Interest in January series.Huge position
was build up at RELIANCE INDUSTRIES
January Call Option Strike Price 880.Good
build up was also seen at APOLLOTYRE
January Call Option Strike Price 120.
Strategy for Futures Option players.
(1) SYNDICATE
BANK (92.95) lot size 4000 shares
Buy One Call Option of January Strike Price 90@4.25 Rs
Sell One Call Option of January Strike
Price 95@ 2.60 Rs.
Premium .Paid= 4.25*4000 = 17000.00 Rs.
Premium Received= 2.6*4000= 10400.00 Rs.
Net Premium Paid=17000-10400= 6600.00 Rs.
Maximum Profit==95-90 =5*4000=20000-6600 =
13400.00 Rs.-
Maximum
Loss= 6600.00 Rs..
Break Even = 91.65
(2) GAIL
(345.55) Future-Lot Size 1000 shares.
Buy One Lot January Future
@345.55 Rs
Sell One Call Option of January Strike Price 350@ Rs.5.75
Premium Received=5.75*1000= 5750.00 Rs
Maximum Profit=350-345.55 = 4.45*1000 =
4450 + 5750= 10200.00 Rs.
Max Loss=Unlimited.
Trading Idea
(1) DR. REDDY(2625.55) Buy this stock in
decline and trade
.
(2) SUN PHARMA(609.40) Buy this stock in
decline and trade
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