BSE Sensex (19781.19) and Nifty (5998.90) closed down by 1.6% and 1.2% respectively last week.Nifty Future February was quoting at 39.15 points premium.Nifty call option February 6100 was very active.Support for Sensex is at 19440. Resistance for Sensex is at 20080. Support for Nifty is at 5900 and resistance at 6080.
BOB,ACC,CIPLA and HINDALCO will declare Q3 results next week.
ITC and YES BANK added Open Interest in February series.Huge position was build up at ICICI BANK February Call Option Strike Price 1250.Good build up was also seen at SBI February Call Option Strike Price 2500.
Strategy for Futures Option players.
(1) IFCI (34.55) lot size 8000 shares
Buy One Call Option of February Strike Price 35@ 1.75 Rs
Sell One Call Option of February Strike Price 37.50@ 1.00 Rs.
Premium .Paid = 1.75*8000= 14000.00 Rs.
Premium Received= 1.00*8000= 8000.00 Rs.
Net Premium Paid =14000-8000= 6000.00 Rs.
Maximum Profit =37.50-35 = 2.5*8000 = 20000 – 6000 = 14000.00 Rs.-
Maximum Loss = 6000.00 Rs.
Break Even = 35.75 Rs.
(2) TITAN (287.25) Future-Lot Size 1000 shares.
Buy One Lot February Future @ 287.25 Rs
Sell One Call Option of February Strike Price 300@ 5.65 Rs.
Premium Received= 5.65*1000 = 5650.00 Rs
Maximum Profit= 300- 287.25 = 12.75*1000 =.12750 + 5650.00 = 18400.00 Rs.
(1) IOC (336.85) Buy this stock in decline and trade .
(2) BANK INDIA (353.75) Buy this stock in decline and trade
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