BSE Sensex (19424.10) and Nifty (5907.40) closed up by 0.4% and 0.5% respectively last week.Nifty Future December was quoting at 22.60 points premium.Nifty call option December 6000 was very active.Support for Sensex is at 19200. Resistance for Sensex is at 19600. Support for Nifty is at 5840 and resistance at 5960.
IPO of P C JEWELLER opens for subscription on 10th December 2012 with a price band of Rs. 125 to 135 per share and IPO of Bharti Infratel opens for subscription on 11th December 2012 with a price band of Rs. 210 to 240 per share.
TATA MOTOR and MARUTI added Open Interest in December series.Huge position was build up at TATA MOTORS December Call Option Strike Price 300.Good build up was also seen at TATA POWER December Call Option Strike Price 115.
Strategy for Futures Option players.
(1) TATA GLOBAL (169.85) lot size 2000 shares
Buy One Call Option of December Strike Price firstname.lastname@example.org Rs
Sell One Call Option of December Strike Price email@example.com Rs.
Premium .Paid= 6.95*2000=13900.00 Rs.
Premium Received= 3.35*2000= 6700.00 Rs.
Net Premium Paid=13900-6700= 7200.00 Rs.
Maximum Profit==180-170 =10*2000=20000-7200= 12800 Rs.-
Maximum Loss= 7200 Rs.
Break Even = 173.60
(2) MARUTI (1522.30) Future-Lot Size 250 shares.
Buy One Lot December Future @1522.30 Rs
Sell One Call Option of December Strike Price 1550@ Rs.24.20
Premium Received=24.20*250= 6050.00 Rs
Maximum Profit=1550-1522.30 == 27.70*250=.6925 + 6050=12975.00 Rs.
(1) BIOCON (286.50) Buy this stock in decline and trade .
(2) TATA MOTORS (281.90) Buy this stock in decline and trade
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