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 firstname.lastname@example.org Rs
Sell One Call Option of November Strike Price email@example.com 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.
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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