BSE Sensex
(19484.77) and
Nifty (5903.50) closed
down by 1.5% and 1.6% respectively last
week.Nifty Future February was quoting at 9.75
points premium.Nifty call option February 6000 was very active.Support for Sensex is
at 19100. Resistance for Sensex is at
19780. Support for Nifty is at 5820 and resistance at 5970.
BPCL,ONGC,TATA
STEEL,TATA MOTORS,DLF and SBI will declare Q3 results next week.
TCS and WIPRO added Open Interest in February series.Huge
position was build up at IFCI February Call Option Strike Price 37.50.Good build up
was also seen at TCS February Call
Option Strike Price 1450.
Strategy for Futures Option players.
(1) BHEL
(208.75) lot size 1000 shares
Buy One Call Option of February Strike
Price 210@ 4.80 Rs
Sell One Call Option of February
Strike Price 220@ 2.10 Rs.
Premium .Paid = 4.80*1000= 4800.00 Rs.
Premium Received= 2.10*1000= 2100.00 Rs.
Net Premium Paid =4800-2100= 2700.00 Rs.
Maximum Profit =220-210 = 10*1000 = 10000 –
2700 = 6300.00 Rs.-
Maximum Loss =
2700.00 Rs.
Break Even = 212.70 Rs.
(2) WIPRO (413.25) Future-Lot Size 1000
shares.
Buy One Lot February Future @ 413.25 Rs
Sell One Call Option of February Strike Price 420@ 6.50 Rs.
Premium Received= 6.50*1000 = 6500.00 Rs
Maximum Profit= 420- 413.25 = 6.75*1000 =.6750
+ 6500.00 = 13250.00 Rs.
Max Loss=Unlimited.
Trading Idea
(1) SBI (2286.15) Buy this stock in decline
and trade
.
(2) ICICI BANK (1130.15) Buy this stock in
decline and trade
By
Bullet Advisory.
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Narendra
Nainani
Mobile No. +919898162770
Website www.subscriptionnarendranainani.blogspot.com
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