BSE Sensex (18309.40) closed down by 2% last week..Nifty Future November was quoting at 4.05 points discont.Nifty call option November 5700 was very active.Support for Sensex is at 1795o. Resistance for Sensex is at 18620.
DLF and SBI added Open Interest in November series.Huge position was build up at DLF November Call Option Strike Price 210.Good build up was also seen at SBI November Call Option Strike Price 2200.
Strategy for Futures Option players.
(1) SAIL (79.25) lot size 4000 shares
Buy One Call Option of November Strike Price 80@ 1.65 Rs
Sell One Call Option of November Strike Price 85@ 0.40 Rs.
Premium .Paid= 1.65*4000 = 6600.00 Rs.
Premium Received= 0.4*4000= 1600.00 Rs.
Net Premium Paid=6600-1600= 5000.00 Rs.
Maximum Profit==85-80 =5*4000=20000-= 5000.00 = 15000.00 Rs.-
Maximum Loss= 5000=00 Rs..
Break Even = 81.25
(2) ONGC(256.60) Future-Lot Size 1000 shares.
Lot November Future
Sell One Call Option of November Strike Price 260@ Rs.2.80
Premium Received=2.8071000= 2800.00 Rs
Maximum Profit=260-256.60 = 3.40*1000 =.3400 + 2800=6200.00 Rs.
(1) INFY(2343.35) Buy this stock in decline and trade .
(2) DR REDDY(1756.90) Buy this stock in decline and trade
(1) MARUTI (1438.10) Buy this stock in decline with one year perspective.
(2) TCS (1286.80) Buy this stock in decline with one year perspective.
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