BSE Sensex (18289.35) and Nifty (5564.30) closed up 3.0% and 3.4% respectively last week.Nifty Future February was quoting at 32.45 points premium.Nifty call option February 5600 was very active.Support for Sensex is at 17850. Resistance for Sensex is at 18580 .Support for Nifty is at 5420 and resistance at 5660
ABB and Ranbaxy will announce results next week.Market remains closed on Monday,20th February 2012 because of Mahashivratri.IPO of MCX opens for bidding on 22nd February 2012 with a price band of Rs.860-1032
IDBI and RPower added Open Interest in February series.Huge position was build up at SBI February Call Option Strike Price 2500.Good build up was also seen at RIL February Call Option Strike Price 840..
Strategy for Futures Option players.
1)Petronet(176.15) lot size 2000 shares
Buy One Call Option of February Strike Price email@example.com Rs
Sell One Call Option of February Strike Price firstname.lastname@example.org Rs.
Premium .Paid=5.70*2000=11400.00 Rs.
Premium Received=1.20*2000= 2400.00 Rs.
Net Premium Paid=11400.00-2400.00=9000.00 Rs.
Maximum Profit==180-170 =10*2000=20000-9000.00=11000.00 Rs.-
Maximum Loss= 9000.00 Rs.
Break Even Price=174.50
2)NTPC(188.65) Future-Lot Size 2000 shares.
Buy One Lot February Future @188.65 Rs
Sell One Call Option of February Strike Price email@example.com Rs.
Premium Received=2.20*2000=4400.00 Rs
Maximum Profit=190-188.65==1.35*2000=2700.00 + 4400.00=7100.00 Rs.
1)Divis Lab(757.15) Buy this stock in decline and trade .
2)Wipro(450.50) Buy this stock in decline and trade
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