Nifty (5084.25) closed up 0.4% and 0.5% respectively last week.Nifty Future September was quoting at 3.75 points discount.Nifty call option September 5200 was very active.Support for Sensex is at 16500. Resistance for Sensex is at 17250 .Support for Nifty is at 4950 and resistance at 5180..
ONGC which was about to raise Rs. 11000 Crore through follow-on-public offer this month has been deferred by the Government.FOMC meet is scheduled on 20 and 21 September 2011.
Tata Motors and SBI added Open Interest in September series.Huge position was build up at ONGC September Call Option Strike Price 280.Good build up was also seen at SBI September Call Option Strike Price 1900.
Strategy for Futures Option players.
1)HDIL(109.70) Lot Size-2000 Shares
Buy One Call Option of September Strike Price firstname.lastname@example.org Rs
Sell One Call Option of September Strike Price email@example.com Rs.
Premium .Paid=7.95*2000=15900.00 Rs.
Premium Received=2.40*2000= 4800.00 Rs.
Net Premium Paid=15900-4800=11100.00 Rs.
Maximum Profit==115-105 =10*2000=20000-11100=8900.00 Rs.-
Maximum Loss= 11100.00 Rs.
Break Even Price=110.55
2)Tata Power(984) Future-Lot Size 250 shares.
Buy One Lot September Future @984 Rs
Sell One Call Option of September Strike Price firstname.lastname@example.org Rs.
Premium Received=23.50*250=5875.00 Rs
Maximum Profit=1000-984=16*250=4000.00 +5875.00=9875.00 Rs.
1)Bombay Dyeing(344.10)Buy this stock in decline and trade.
2)Central Bank(104.90) Buy this stock in decline and trade
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