BSE Sensex
(18735.60) and
Nifty (5651.35) closed down by
3.6% and 3.8.% respectively last week.Nifty Future March was quoting at 14.65
points premium.Nifty call option March 5700 was very active.Support for Sensex is at 18250. Resistance for Sensex is at 19200. Support
for Nifty is at 5500 and resistance at 5800.
HIND PETRO and IDBI added Open Interest in March series.Huge position
was build up at SBI March Call Option Strike Price 2150.Good build up
was also seen at DLF March Call Option Strike Price 240.
Strategy for Futures Option players.
(1) DLF (230.95)
lot size 1000 shares
Buy One Call Option of APRIL Strike Price 230@12.00 Rs
Sell One Call Option of APRIL Strike
Price 240@7.50 Rs.
Premium .Paid= 12*1000=12000.00 Rs.
Premium Received= 7.5*1000= 7500.00 Rs.
Net Premium Paid=12000-7500= 4500.00 Rs.
Maximum Profit==240-230 =10*1000=10000-4500=
5500 Rs.-
Maximum
Loss= 4500 Rs.
Break Even = 234.50
(2) TCS (1550) Future-Lot Size 250 shares.
Buy One Lot APRIL Future
@1550 Rs
Sell One Call Option of APRIL Strike Price 1550@ Rs.51.00
Premium Received=51*250= 12750.00 Rs
Maximum Profit=1550-1550 = 0 + 12750=12750.00
Rs.
Max Loss=Unlimited.
Trading Idea
(1) COLPAL (1307.80) Buy this stock in
decline and trade .
(2) IOC (290.05) Buy this stock in decline and trade
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