BSE Sensex (19016.46) and Nifty (5783.10) closed up by 4.2% and 4.6% respectively last week.Nifty Future April was quoting at 0.10 points discount.Nifty call option April 5800 was very active.Support for Sensex is at 18750. Resistance for Sensex is at 19340. Support for Nifty is at 5690 and resistance at 5880.
CAIRN,HDFC BANK,AXIS BANK,ICICI BANK and MARUTI will announce Q4 results next week.
SBI and TCS added Open Interest in April series.Huge position was build up at SBI April Call Option Strike Price 2300.Good build up was also seen at TCS Call April Option Strike Price 1500.
Strategy for Futures Option players.
(1) DENA BANK (94.85) lot size 4000 shares
Buy One Call Option of MAY Strike Price email@example.com Rs
Sell One Call Option of MAY Strike Price firstname.lastname@example.org Rs.
Premium .Paid= 4.15*4000=16600.00 Rs.
Premium Received= 2.20*4000= 8800.00 Rs.
Net Premium Paid=16600-8800= 7800.00 Rs.
Maximum Profit==100-95 =5*4000=20000-7800= 12200.00 Rs.-
Maximum Loss= 7800.00 Rs.
Break Even = 96.95
(2) SBI (2256.05) Future-Lot Size 125 shares.
Buy One Lot MAY Future @2256.05 Rs
Sell One Call Option of MAY Strike Price 2300@ Rs.74.05
Premium Received=74.05*125= 9256.25 Rs
Maximum Profit=2300-2256.05 = 43.95*125= 5493.75 + 9256.25=14750.00 Rs.
(1) FINANTECH (754.65) Buy this stock in decline and trade .
(2) TATA MOTOR (282.45) Buy this stock in decline and trade