BSE Sensex (18755.45) and Nifty(5697.70) closed up by 0.7% and 0.6% respectively last week..Nifty Future November was quoting at 42.15 points premium.Nifty call option November 5700 was very active.Support for Sensex is at 18500. Resistance for Sensex is at 19050. Support for Nifty is at 5610 and resistance is at 5790.
CIPLA,TATA POWER,HINDALCO, ONGC,SBI,RANBAXY,TATA STEEL, TATA MOTORS,and BPCL will declare Q2 results next week.
UNION BANK and SBI added Open Interest in November series.Huge position was build up at LT November Call Option Strike Price 1700.Good build up was also seen at SBI November Call Option Strike Price 2200.
Strategy for Futures Option players.
1)LT(1675.40) lot size 250 shares
Buy One Call Option of November Strike Price email@example.com Rs
Sell One Call Option of November Strike Price firstname.lastname@example.org Rs.
Premium .Paid= 59.30*250=14825.00 Rs.
Premium Received= 32.45*250= 8112.50 Rs.
Net Premium Paid=14825-8112.50= 6712.50 Rs.
Maximum Profit==1700-1650 =50*250=12500-6712.50= 5787.50 Rs.-
Maximum Loss= 6712.50 Rs.
Break Even = 1676.85
2)TCS(1340.35) Future-Lot Size 250 shares.
Buy One Lot November Future @1340.35 Rs
Sell One Call Option of November Strike Price 1350@ Rs.21.75
Premium Received=21.75*250= 5437.50 Rs
Maximum Profit=1350-1340.35 == 9.65*250=.2412.50 + 5437.50=7850.00 Rs.
1)INFY(2388.10) Buy this stock in decline and trade .
2)ICICI BANK(1079.65) Buy this stock in decline and trade
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