BSE Sensex (16866.97) and Nifty (5059.45) closed up 0.3% and 0.4% respectively last week.Nifty Future September was quoting at 16.45 points discount.Nifty call option September 5200 was very active.Support for Sensex is at 16450. Resistance for Sensex is at 17220 .Support for Nifty is at 4950 and resistance at 5170..
ONGC is about to raise Rs. 11000 Crore through follow-on-public offer this month.
Reliance Industries and SBI added Open Interest in September series.Huge position was build up at GTL September Call Option Strike Price 70.Good build up was also seen at IFCI September Call Option Strike Price 40.
Strategy for Futures Option players.
1)Arvind(92.20) Lot Size-4000 Shares
Buy One Call Option of September Strike Price 90@5.30 Rs
Sell One Call Option of September Strike Price 95@2.80 Rs.
Premium .Paid=5.30*4000=21200.00 Rs.
Premium Received=2.80*4000= 11200.00 Rs.
Net Premium Paid==21200-11200=10000.00 Rs.
Maximum Profit==95-90 =5*4000=20000-10000=10000.00 Rs.-
Maximum Loss= 10000.00 Rs.
Break Even Price=92.50
2)IFCI(37.15) Future-Lot Size 4000 shares.
Buy One Lot September Future @37.15 Rs
Sell One Call Option of September Strike Price 40@0.85 Rs.
Premium Received=0.85*4000=3400.00 Rs
Maximum Profit=40-37.15=2.85*4000=11400.00 +3400.00=14800.00 Rs.
Max Loss=Unlimited.
Trading Idea
1)WIPRO(338.35)Buy this stock in decline and trade.
2)HDFC(661.50) Buy this stock in decline and trade
By
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