BSE Sensex (18682.31) and Nifty(5684.25) closed up by 0.01% and 0.6% respectively last week..Nifty Future October was quoting at 0.05 points premium.Nifty call option October 5700 was very active.Support for Sensex is at 18540. Resistance for Sensex is at 18820. Support for Nifty is at 5630 and resistance is at 5725.
L & T,BAJAJ AUTO,HDFC,CAIRN,BOB,HINDUSTAN UNILEVER,ICICI BANK,NTPC,GAIL,PNB and IDFC WILL DECLARE Q2 results next week.
SBI and DLF added Open Interest in October series.Huge position was build up at TCS October Call Option Strike Price 1300.Good build up was also seen at AXIS BANK October Call Option Strike Price 1200.
Strategy for Futures Option players.
1)DR REDDY(1704.45) lot size 125 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= 22.45*125=2806.25 Rs.
Premium Received= 4.20*125= 525.00 Rs.
Net Premium Paid=2806.25-525= 2281.25 Rs.
Maximum Profit==1750-1700 =50*125=6250-2281.25= 3968.75 Rs.-
Maximum Loss= 2281.25 Rs.
Break Even = 1718.25
2)PETRONET(168.70) Future-Lot Size 2000 shares.
Buy One Lot October Future @168.70 Rs
Sell One Call Option of October Strike Price 170@ Rs.1.40
Premium Received=1.40*2000= 2800.00 Rs
Maximum Profit=170-168.70 == 1.30*2000=.2600.00 + 2800=5400.00 Rs.
1)ANDHRA BANK(114.40) Buy this stock in decline and trade .
2)CANBK(447.05) Buy this stock in decline and trade
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