Saturday, June 15, 2013

FOMC policy meet on interest rates on 18th and 19th June 2013



BSE Sensex (19177.93)   and Nifty (5808.40) closed  down  by  1.3% and  1.2% respectively last week.Nifty Future June was quoting at  7.15  points discount.Nifty call option June  5800 was very active.Support for Sensex is at  18770.Resistance for Sensex is at 19580. Support for Nifty is at 5680 and resistance at 5930.


HINDALCO  and  TATA STEEL  added Open Interest in June series.Huge position was build up at  SBI June Call Option Strike Price 2100.Good build up was also seen at  RELIANCE  Call June  Option Strike Price 820.


Strategy  for Futures Option players.                                                                 


(1) RELIANCE IND (817.65) lot size 250 shares                                                                                                                                                                                                                         
Buy One Call Option of  JUNE Strike Price 820@ 15.00 Rs
Sell One Call Option of  JUNE Strike Price 840@ 8.50 Rs.
Premium .Paid= 15*250= 3750.00 Rs.
Premium Received= 8.50*250 =  2125.00 Rs.
Net Premium Paid= 3750 - 2125= 1625.00 Rs.
Maximum Profit= 840-820= 20*250 = 5000.00- 1625.00= 3375.00 Rs.
 Maximum Loss=  1625.00 Rs.
Break Even = 826.50


(2) CAIRN (291.35)   Future-Lot Size 1000 shares.
Buy One Lot  JUNE  Future  @ 291.35 Rs
Sell One Call Option of  JUNE Strike Price 300@ 2.60 Rs.
Premium Received= 2.60*1000 = 2600.00 Rs
Maximum Profit= 300-291.35 = 8.65*1000 = 8650.00 + 2600.00 = 11250.00 Rs.
Max Loss=Unlimited.
           

Trading Idea


(1) LUPIN (783.45) Buy this stock in decline and trade                                                                                                                                                                                                                                .

(2) IDEA (136.30) Buy this stock in decline and trade




 
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Narendra Nainani
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2 comments:

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