BSE Sensex
(19427.56) and
Nifty (5872.60) closed down by
1.3% and 1.2% respectively last week.Nifty Future March was quoting at 28.40
points premium.Nifty call option March 6000 was very active.Support for Sensex is at 19150. Resistance for Sensex is at 19720. Support
for Nifty is at 5785 and resistance at 5960.
HIND UNILEVER and RANBAXY added Open Interest in March series.Huge position
was build up at SBI March Call Option Strike Price 2300.Good build up
was also seen at ICICI BANK March Call Option Strike Price 1100.
Strategy for Futures Option players.
(1) DABUR (137.25)
lot size 2000 shares
Buy One Call Option of March Strike Price 140@1.30 Rs
Sell One Call Option of March Strike
Price 150@0.20 Rs.
Premium .Paid= 1.30*2000=2600.00 Rs.
Premium Received= 0.20*2000= 400.00 Rs.
Net Premium Paid=2600-400= 2200.00 Rs.
Maximum Profit==150-140 =10*2000=20000-2200=
17800 Rs.-
Maximum
Loss= 2200 Rs.
Break Even = 141.10
(2) RANBAXY (442.30) Future-Lot Size 500 shares.
Buy One Lot March Future
@442.30 Rs
Sell One Call Option of March Strike Price 460@ Rs.4.50
Premium Received=4.50*500= 2250.00 Rs
Maximum Profit=460-442.30 == 17.7*500 =
8850 + 2250=11100.00 Rs.
Max Loss=Unlimited.
Trading Idea
(1) LT (1508.15) Buy this stock in decline
and trade .
(2) ITC (301.90) Buy this stock in decline and trade
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