BSE Sensex (18938.46) and Nifty(5746.95) closed up by 0.9% and 0.8% respectively last week..Nifty Future October was quoting at 27.25 points premium.Nifty call option October 5800 was very active.Support for Sensex is at 18780. Resistance for Sensex is at 19130. Support for Nifty is at 5700 and resistance is at 5815.
SBI and HDFC added Open Interest in October series.Huge position was build up at SBI October Call Option Strike Price 2400.Good build up was also seen at RIL October Call Option Strike Price 860.
Strategy for Futures Option players.
1)DLF(241.90) lot size 2000 shares
Buy One Call Option of October Strike Price 240@11 Rs
Sell One Call Option of October Strike Price firstname.lastname@example.org Rs.
Premium .Paid= 11*2000=22000.00 Rs.
Premium Received= 6.55*2000= 13100.00 Rs.
Net Premium Paid=22000-13100= 8900 Rs.
Maximum Profit==250-240 =10*2000=20000-8900= 11100.00 Rs.-
Maximum Loss= 8900.00 Rs.
Break Even = 244.45
2)LT(1652.25) Future-Lot Size 250 shares.
Buy One Lot October Future @1652.25 Rs
Sell One Call Option of October Strike Price 1700@ Rs.25.80
Premium Received=25.8*250= 6450.00 Rs
Maximum Profit=1700-1652.25 == 47.75*250=.11937.50 + 6450=18387.50 Rs.
1)COLPAL(1241.25) Buy this stock in decline and trade .
2)REC LTD(227.85) Buy this stock in decline and trade
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