BSE Sensex (17082.69) and Nifty (5132.30) closed UP 5.2% and 5.0% respectively last week.Nifty Future October was quoting at 9.70 points premium..Nifty call option October 5100 was very active.Support for Sensex is at 16810. Resistance for Sensex is at 17700 .Support for Nifty is at 5050 and resistance at 5310...
HDFC,TCS,IFCI, Chambal Fertilizer,Petronet,HDFC Bank,Biocon,Cairn,Idea,Larsen,Arvind and JSW Steel will declare Q2 results next week.
RIL and SBI added Open Interest in October series.Huge position was build up at TCS October Call Option Strike Price 1100.Good build up was also seen at RIL October Call Option Strike Price 860.
Strategy for Futures Option players.
1)WIPRO(363.40) Lot Size-500 Shares
Buy One Call Option of October Strike Price email@example.com Rs
Sell One Call Option of October Strike Price firstname.lastname@example.org Rs.
Premium .Paid=12.30*500=6150.00 Rs.
Premium Received=3.85*500= 1925.00 Rs.
Net Premium Paid=6150.00-1925.00=4225.00 Rs.
Maximum Profit==380-360 =20*500=10000-4225.00=5775.00 Rs.-
Maximum Loss= 4225.00 Rs.
Break Even Price=368.45
2)TCS(1134.90) Future-Lot Size 250 shares.
Buy One Lot October Future @1134.90 Rs
Sell One Call Option of October Strike Price email@example.com Rs.
Premium Received=25.15*250=6287.50 Rs
Maximum Profit=1150-1134.90=15.10*250=3775.00 + 6287.50=10062.50 Rs.
1)Bank India(330.65) Buy this stock in decline and trade .
2)ITC(205.20) Buy this stock in decline and trade
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