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