BSE Sensex
(19683.23) and
Nifty (5945.70) closed up by 4%
and 4.01% respectively last week.Nifty Future March was quoting at 20.15
points premium.Nifty call option March 6000 was very active.Support for Sensex is at 19050. Resistance for Sensex is at 20000. Support
for Nifty is at 5780 and resistance at 6120.
RCOM and IDFC added Open Interest in March series.Huge position
was build up at RCOM March Call Option Strike Price 80.Good build up was
also seen at IDFC March Call Option Strike Price 170.
Strategy for Futures Option players.
(1) LT (11497.55)
lot size 250 shares
Buy One Call Option of March Strike Price 1500@41.00 Rs
Sell One Call Option of March Strike
Price 1550@20.40 Rs.
Premium .Paid= 41*250=10250.00 Rs.
Premium Received= 20.40*250= 5100.00 Rs.
Net Premium Paid=10250-5100= 5150.00 Rs.
Maximum Profit==1550-1500 =50*250=12500-5150=
7350 Rs.-
Maximum
Loss= 5150 Rs.
Break Even = 1520.60
(2) ICICI BANK (1142) Future-Lot Size 250 shares.
Buy One Lot March Future
@1142.00 Rs
Sell One Call Option of March Strike Price 1150@ Rs.24.40
Premium Received=24.40*250= 6100.00 Rs
Maximum Profit=1150-1142 == 8*250=.2000 +
6100=8100.00 Rs.
Max Loss=Unlimited.
Trading Idea
(1) DR REDDY (1819.20) Buy this stock in
decline and trade .
(2) TCS (1583.15) Buy this stock in decline and trade
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