BSE Sensex (18675.20) and Nifty(5676.05) closed down by 1.4% and 1.41% respectively last week..Nifty Future October was quoting at 10.50 points premium.Nifty call option October 5800 was very active.Support for Sensex is at 18500. Resistance for Sensex is at 18900. Support for Nifty is at 5600 and resistance is at 5770.
SBI and DLF added Open Interest in October series.Huge position was build up at SBI October Call Option Strike Price 2300.Good build up was also seen at RIL October Call Option Strike Price 840.
Strategy for Futures Option players.
1)INDIA CEMENT(101.10) lot size 2000 shares
Buy One Call Option of October Strike Price firstname.lastname@example.org Rs
Sell One Call Option of October Strike Price email@example.com Rs.
Premium .Paid= 4.65*2000=9300.00 Rs.
Premium Received= 2.60*2000= 5200.00 Rs.
Net Premium Paid=9300-5200= 4100 Rs.
Maximum Profit==105-100 =5*2000=10000-4100= 5900.00 Rs.-
Maximum Loss= 4100.00 Rs.
Break Even = 102.05
2)TITAN(275.45) Future-Lot Size 1000 shares.
Buy One Lot October Future @275.45 Rs
Sell One Call Option of October Strike Price 280@ Rs.5.25
Premium Received=5.25*1000= 5250.00 Rs
Maximum Profit=280-275.45 == 4.55*1000=.4550.00 + 5250=9800.00 Rs.
1)ACC(1498.05) Buy this stock in decline and trade .
2)PFC(208.05) Buy this stock in decline and trade
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