BSE Sensex
(20103.53) and
Nifty (6074.65) closed up by 0.3% and 0.2% respectively last week.Nifty
Future January was quoting at 4.30 points premium.Nifty call option January 6100 was very active.Support for Sensex is
at 19950. Resistance for Sensex is at
20250. Support for Nifty is at 6030 and resistance at 6120.
ICICI BANK and
PNB will declare Q3 results next week.
TATA MOTORS and DLF added Open Interest in January series.Huge position
was build up at LT January
Call Option Strike Price 1600.Good build up was also seen at SBI January Call Option Strike Price 2500.
Strategy for Futures Option players.
(1) TATA
MOTORS(301) lot size 1000 shares
Buy One Call Option of February Strike
Price 300@ 14.95 Rs
Sell One Call Option of February
Strike Price 320@ 7.35 Rs.
Premium .Paid = 14.95*1000= 14950.00 Rs.
Premium Received= 7.35*1000= 7350.00 Rs.
Net Premium Paid =14950-7350= 7600.00 Rs.
Maximum Profit =320-300 = 20*1000 = 20000 –
7600 = 12400.00 Rs.-
Maximum Loss =
7600.00 Rs.
Break Even = 307.60 Rs.
(2) ICICI BANK (1185) Future-Lot Size 250 shares.
Buy One Lot February Future @ 1185 Rs
Sell One Call Option of February Strike Price 1200@ 36.45 Rs.
Premium Received= 36.45*250 = 9112.50 Rs
Maximum Profit= 1200- 1185 = 15*250 =.3750
+ 9112.50 = 12862.50 Rs.
Max Loss=Unlimited.
Trading Idea
(1) TITAN (274.45) Buy this stock in
decline and trade
.
(2) SBI (2513.70) Buy this stock in decline
and trade
By
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Narendra
Nainani
Mobile No. +919898162770
Website www.subscriptionnarendranainani.blogspot.com
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