BSE Sensex (15867.73) and Nifty (4754.10) closed up 2.7% and 2.8% respectively last week.Nifty Future January was quoting at 28.85 points premium.Nifty call option January 4800 was very active.Support for Sensex is at 15500. Resistance for Sensex is at 16130 .Support for Nifty is at 4650 and resistance at 4840.
HDFC and DCB will announce the Q3 results next week.
SBI and RIL added Open Interest in January series.Huge position was build up at RCOM January Call Option Strike Price 80.Good build up was also seen at RIL January Call Option Strike Price 740..
Strategy for Futures Option players.
1)Reliance Industries( 717.55) lot size 250 shares
Buy One Call Option of January Strike Price 720@27.00 Rs
Sell One Call Option of January Strike Price 740@17.55 Rs.
Premium .Paid=27*250=6750.00 Rs.
Premium Received=17.55*250= 4387.50 Rs.
Net Premium Paid=6750.00-4387.50=2362.50 Rs.
Maximum Profit==740-720 =20*250=5000-2362.50=2637.50 Rs.-
Maximum Loss= 2362.50 Rs.
Break Even Price=729.45
2)Hindalco(119.35) Future-Lot Size 2000 shares.
Buy One Lot January Future @119.35 Rs
Sell One Call Option of January Strike Price 130@1.50 Rs.
Premium Received=1.5*2000=3000.00 Rs
Maximum Profit=130-119.35==10.65*2000=21300+3000=24300.00 Rs.
Max Loss=Unlimited.
Trading Idea
1)Reliance Capital(259.75) Buy this stock in decline and trade .
2)RCOM(77.60) Buy this stock in decline and trade
By
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