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Second part
of budget session of Parliament will start from 20 April 2015
BSE
Sensex (28442.10) and NSE Nifty(8606.00) closed down by 1.5%
and 2.0% respectively last week.Nifty Future was quoting at 30.10 points premium.Nifty call option April 8800 was very active.Support for Sensex is
at 27960 and Nifty at 8435. Resistance
for Sensex is at 28885 and Nifty at 8768.
IDBI and SAIL added Open Interest in April series.Huge position was build up at LUPIN April put Option Strike Price 1750.Good
build up was also seen at ALBK April put
Option Strike Price 100.
Strategy for Futures Option players.
(1)
BANK INDIA (228.60) Future-Lot Size 1000 shares.
Buy One Lot April Future
@ 228.60 Rs
Sell One Call Option April strike price 240@ 3.00 Rs
Premium Received= 3.00*1000= 3000.00
Rs
Maximum Profit= 240 – 228.60=
11.40*1000= 11400 + 3000.00 = 14400.00 Rs.
Max Loss=Unlimited.
(2) IDBI (81.80) LOT SIZE 4000
shares
Buy One Call Option of April Strike Price 80@ 3.80 Rs.
Sell One Call Option of April Strike Price 90@ 0.70 Rs.
Premium Paid = 3.80*4000= 15200.00
Rs.
Premium Received= 0.70*4000= 2800.00
Rs.
Net Premium Paid= 15200 –2800.00=12400.00
Rs.
Maximum Profit =
90-80=10*4000=40000.00 – 12400.00 = 27600.00 Rs.
Maximum Loss= 12400.00 Rs.
Break Even= 83.10
Trading Idea
(1) MOTHERSUMI (518.10) Buy this
stock in decline and trade. .
(2) MCLEODRUSS (261.75) Buy this stock in decline and trade.
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