Saturday, April 6, 2013

RBI will annonce monetary policy on 3 May 2013



BSE Sensex (18450.23)   and Nifty (5553.25) closed  down  by 2% and 2.3% respectively last week.Nifty Future April was quoting at  6.90  points premium.Nifty call option April  5700 was very active.Support for Sensex is at  17950. Resistance for Sensex is at 18850. Support for Nifty is at 5400 and resistance at 5680.


DR REDDY   and  WIPRO added Open Interest in April  series.Huge position was build up at  SBI April  Call Option Strike Price 2100.Good build up was also seen at  DLF  April Call Option Strike Price 250.


Strategy  for Futures Option players.                                                                 

(1) DR REDDY (1911.55) lot size 125 shares                                                                                                                                                                                                                         
Buy One Call Option of  APRIL Strike Price 1900@41.35 Rs
Sell One Call Option of  APRIL Strike Price 1950@22.45 Rs.
Premium .Paid= 41.35*125=5168.75 Rs.
Premium Received= 22.45*125=  2806.25 Rs.
Net Premium Paid=5168.75-2806.25= 2362.50 Rs.
Maximum Profit==1950-1900 =50*125=6250-2362.50= 3887.50 Rs.-
 Maximum Loss=  2362.50 Rs.
Break Even = 1918.90


(2) RCOM (63.10)   Future-Lot Size 4000 shares.
Buy One Lot  APRIL  Future  @63.10 Rs
Sell One Call Option of  APRIL Strike Price 65@ Rs.2.90
Premium Received=2.90*4000= 11600.00 Rs
Maximum Profit=65-63.10 = 1.90*4000= 7600 + 11600=19200.00 Rs.
Max Loss=Unlimited.
           
Trading Idea

(1) WIPRO (454.60) Buy this stock in decline and trade                                                                                                                                                                                                                                .
(2) MARUTI  (1406.30) Buy this stock in decline and trade



 



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1 comment:

Anonymous said...

Nifty future Support Resistance for 04-October, Stock Future Tips

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