Saturday, July 6, 2013

India’s current account deficit remains under pressure because of weak rupee and higher crude oil prices

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

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