Saturday, October 27, 2012

The Reserve Bank of India (RBI) announces Second Quarter Review of Monetary Policy on Tuesday, 30 October 2012.



BSE Sensex (18625.34)  and Nifty(5664.30) closed  down  by 0.3% and 0.4% respectively last week..Nifty Future November was quoting at  39.70  points premium.Nifty call option November  5800 was very active.Support for Sensex is at  18520. Resistance for Sensex is at 18770. Support for Nifty is at 5630 and resistance is at 5710.

BHEL,MARUTI,GRASIM,DR.REDDY and WIPRO will declare Q2 results next week.

Tata Steel and  BHEL added Open Interest in November  series.Huge position was build up at  ICICI Bank November  Call Option Strike Price 1100.Good build up was also seen at  SBI  November Call Option Strike Price 2300.

Strategy  for Futures Option players.                                                                 

1)IOC(260.70) lot size 1000 shares                                                                                                                                                                                                                         
Buy One Call Option of  November Strike Price 260@7.00 Rs
Sell One Call Option of  November Strike Price 270@3.35 Rs.
Premium .Paid= 7*1000=7000.00 Rs.
Premium Received= 3.35*1000=  3350.00 Rs.
Net Premium Paid=7000-3350= 3650.00 Rs.
Maximum Profit==270-260 =10*1000=10000-3650= 6350.00 Rs.-
 Maximum Loss=  3650.00 Rs.
Break Even = 263.65


2)HIND PETRO(305.95)   Future-Lot Size 1000 shares.
Buy One Lot   November  Future  @305.95 Rs
Sell One Call Option of  November Strike Price 320@ Rs.3.85
Premium Received=3.85*1000= 3850.00 Rs
Maximum Profit=320-305.95 == 14.05*1000=.14050.00 + 3850=17900.00 Rs.
Max Loss=Unlimited.
           
Trading Idea

1)CHAMBAL FERTILIZER(68.45) Buy this stock in decline and trade                                                                                                                                                                                                                                .
2)LIC HOUSING(251.65) Buy this stock in decline and trade



 
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Narendra Nainani
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1 comment:

NIFTY TRADING TIPS said...

Good blog, very useful content and information shared .you can also Check nifty

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