BSE Sensex
(19495.82) and
Nifty (5867.90) closed up by 0.5 % and
0.4 % respectively last week.Nifty Future July was quoting at 4.60
points premium.Nifty call option July 6000 was very active.Support for Sensex is at 19200.Resistance for Sensex is at 19900. Support
for Nifty is at 5780 and resistance at 5980.
Tata Motors and RCom added Open Interest in July series.Huge position
was build up at SBI July Call Option Strike Price 2000.Good build
up was also seen at RCom Call July Option Strike Price 140.
Strategy for Futures Option players.
(1) ITC (342.60)
lot size 1000 shares
Buy One Call Option of JULY Strike Price 340@ 9.10 Rs
Sell One Call Option of JULY Strike
Price 350@ 5.00 Rs.
Premium .Paid= 9.10*1000= 9100.00 Rs.
Premium Received= 5*1000 = 5000.00 Rs.
Net Premium Paid= 9100 – 5000 = 4100.00 Rs.
Maximum Profit= 350-340= 10*1000 = 10000 -
4100= 5900.00 Rs.
Maximum
Loss= 4100.00 Rs.
Break Even = 344.10
(2) TATA MOTORS (295.45) Future-Lot Size 1000 shares.
Buy One Lot JULY Future
@ 295.45 Rs
Sell One Call Option of JULY Strike Price 310@ 5.10 Rs.
Premium Received= 5.10*1000 = 5100.00 Rs
Maximum Profit= 310-295.45 = 14.55*1000 =
14550.00 + 5100.00 = 19650.00 Rs.
Max Loss=Unlimited.
Trading Idea
(1) RELIANCE IND (880.35) Buy this stock in decline and
trade
.
(2) SUN PHARMA (1035.75) Buy this stock in
decline and trade
By
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Narendra
Nainani
Mobile No. +919898162770
Website www.subscriptionnarendranainani.blogspot.com
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