BSE Sensex (18683.68) and Nifty(5686.25) closed down by 0.4% and 0.1% respectively last week..Nifty Future November was quoting at 38.75 points premium.Nifty call option November 5800 was very active.Support for Sensex is at 18450. Resistance for Sensex is at 18880. Support for Nifty is at 5630 and resistance is at 5730.
J P Associate,and DLF will declare Q2 results next week.Market remains closed on 14th November because of Diwali.
TATA STEEL and SBI added Open Interest in November series.Huge position was build up at TATA STEEL November Call Option Strike Price 420.Good build up was also seen at SBI November Call Option Strike Price 2300.
Strategy for Futures Option players.
(1) MARUTI(1463.40) lot size 250 shares
Buy One Call Option of November Strike Price 1450@43 Rs
Sell One Call Option of November Strike Price firstname.lastname@example.org Rs.
Premium .Paid= 43*250=10750.00 Rs.
Premium Received= 18.25*250= 4562.50 Rs.
Net Premium Paid=10750-8112.50= 4562.50 Rs.
Maximum Profit==1500-1450 =50*250=12500-4562.50= 6312.50 Rs.-
Maximum Loss= 6187..50 Rs.
Break Even = 1474.75
(2) POWER GRID(119.75) Future-Lot Size 2000 shares.
Buy One Lot November Future @119.75 Rs
Sell One Call Option of November Strike Price 130@ Rs.0.40
Premium Received=0.40*2000= 800.00 Rs
Maximum Profit=130-119.75 == 10.25*2000=.20500 + 800=21300.00 Rs.
(1) YES BANK(425.15) Buy this stock in decline and trade .
(2) FINAN TECH(1104.90) Buy this stock in decline and trade
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