BSE Sensex (15848.83) and Nifty (4747.80) closed down 1.7% and 2.0% respectively last week.Nifty Future September was quoting at 0.20 points discount.Nifty call option September 5000 was very active.Support for Sensex is at 15560. Resistance for Sensex is at 16100 .Support for Nifty is at 4650 and resistance at 4850..
FIIs’ remained net sellers during the week. SBI plans to raise about Rs 20000 crore in fresh capital.
Tata Steel and SBI added Open Interest in September series.Huge position was build up at SBI September Call Option Strike Price 2000.Good build up was also seen at Tata Steel September Call Option Strike Price 440.
Strategy for Futures Option players.
1)INFY(2202.55) Lot Size-125 Shares
Buy One Call Option of September Strike Price 2200@110.00 Rs
Sell One Call Option of August Strike Price 2300.00@62.10 Rs.
Premium .Paid=110*125=13750.00 Rs.
Premium Received=62.10*125= 7762.50 Rs.
Net Premium Paid==13750.00-7762.50=5987.50 Rs.
Maximum Profit==2300-2200 =100*125=12500.00-5987.50.=6512.50 Rs.-
Maximum Loss= 5987.50 Rs.
Break Even Price=2247.90
2)Hind Petro(363) Future-Lot Size 1000 shares.
Buy One Lot September Future @363 Rs
Sell One Call Option of September Strike Price 380@7.10 Rs.
Premium Received=7.1*1000=7100.00 Rs
Maximum Profit=380-363=17*1000=17000.00 +7100.00=24100.00 Rs.
Max Loss=Unlimited.
Trading Idea
1)Dr Reddy(1451.20)Buy this stock in decline and trade.
2)Dabur(108) Buy this stock in decline and trade
By
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