BSE Sensex
(20039.04) and
Nifty (6064.40) closed up by 1.91% and 1.9% respectively last
week.Nifty Future January was quoting at 8.35
points premium.Nifty call option January
6100 was very active.Support for Sensex is at 19520. Resistance for Sensex is at 20380.
Support for Nifty is at 5950 and resistance at 6140.
SBI and RIL added Open Interest in January series.Huge
position was build up at DLF January
Call Option Strike Price 260.Good build up was also seen at RIL January Call Option Strike Price 900.
Strategy for Futures Option players.
(1)
SBI(2492.05) lot size 125 shares
Buy One Call Option of January Strike
Price 2500@ 46.35 Rs
Sell One Call Option of January Strike
Price 2550@ 27.00 Rs.
Premium .Paid = 46.35*125= 5793.75 Rs.
Premium Received= 27*125= 3375.00 Rs.
Net Premium Paid =5793.75-3375= 2418.75 Rs.
Maximum Profit =2550-2500 = 50*125 = 6250 –
2418.75 = 3831.25 Rs.-
Maximum Loss =
2418.75 Rs.
Break Even = 2519.35 Rs.
(2) TATA STEEL (416) Future-Lot Size 1000 shares.
Buy One Lot January Future
@ 416 Rs
Sell One Call Option of January Strike Price 420@ 6.70 Rs.
Premium Received= 6.70*1000 = 6700.00 Rs
Maximum Profit= 420- 416 = 4*1000 =.4000 +
6700.00 = 10700.00 Rs.
Max Loss=Unlimited.
Trading Idea
(1) IDFC (176.05) Buy this stock in decline
and trade
.
(2) LT (1537.20) Buy this stock in decline
and trade
By
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Narendra
Nainani
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Website www.subscriptionnarendranainani.blogspot.com
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