Saturday, September 15, 2012

indices scale 7-month highs



BSE Sensex (18464.27)  and Nifty(5577.65) closed  up by 4.0% and 4.4% respectively last week..Nifty Future September was quoting at 0.65  points discount.Nifty call option September  5600 was very active.Support for Sensex is at  17920. Resistance for Sensex is at 19035. Support for Nifty is at 5410 and resistance is at 5750.

SBI and  RBI added Open Interest in September  series.Huge position was build up at  SBI September  Call Option Strike Price 2000.Good build up was also seen at  RIL September Call Option Strike Price 820.

Strategy  for Futures Option players.                                                                 

1)TATA STEEL(405) lot size 500 shares                                                                                                                                                                                                                         
Buy One Call Option of  September Strike Price 400@11.65  Rs
Sell One Call Option of  September Strike Price 420@4.0 Rs.
Premium .Paid= 11.65*500=5825.00 Rs.
Premium Received= 4*500=  2000.00 Rs.
Net Premium Paid=5825-2000= 3825.00 Rs.
Maximum Profit==420-400 =20*500=10000-3825= 6175.00 Rs.-
 Maximum Loss=  3825.00 Rs.
Break Even = 407.65


2)RELI CAPITAL(352.95)   Future-Lot Size 500 shares.
Buy One Lot  September   Future  @352.95 Rs
Sell One Call Option of  September Strike Price 360@ Rs.8.30
Premium Received=8.30*500= 4150.00 Rs
Maximum Profit=360-352.95 == 7.05*500=.3525 + 4150=7675.00 Rs.
Max Loss=Unlimited.
           
Trading Idea

1)DLF(216.60) Buy this stock in decline and trade                                                                                                                                                                                                                                .
2)REC LTD(195.90) Buy this stock in decline and trade



 


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Narendra Nainani
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