BSE Sensex
(20149.85) and Nifty (6029.20) closed up by 1 % and
0.3 % respectively last week.Nifty Future July was quoting at 7.20
points premium.Nifty PUT option July 6000 was very active.Support for Sensex is at 19780.Resistance for Sensex is at 20380. Support
for Nifty is at 5940 and resistance at 6090.
TCS and RELIANCE IND
added Open Interest in July series.Huge position
was build up at TCS July Call Option Strike Price 1700.Good build
up was also seen at RELIANCE Call July Option Strike Price 920.
Strategy for Futures Option players.
(1) WIPRO (391.40)
lot size 500 shares
Buy One Call Option of AUGUST Strike Price 390@ 21.50 Rs
Sell One Call Option of AUGUST Strike
Price 400@ 16.00 Rs.
Premium .Paid= 21.5*500 = 10750.00 Rs.
Premium Received= 16*500 = 8000.00 Rs.
Net Premium Paid= 10750 – 8000 = 2750.00 Rs.
Maximum Profit= 400-390= 10*500 = 5000 –
2750= 2250.00 Rs.
Maximum
Loss= 2750.00 Rs.
Break Even = 395.50
(2) DABUR (167.85) Future-Lot Size 2000 shares.
Buy One Lot JULY Future
@ 167.85 Rs
Sell One Call Option of JULY Strike Price 170@ 2.65 Rs.
Premium Received= 2.65*2000 = 5300.00 Rs
Maximum Profit= 170-167.85 = 2.15*2000 = 4300.00
+ 5300.00 = 9600.00 Rs.
Max Loss=Unlimited.
Trading Idea
(1) COLPAL (1497.05) Buy this stock in
decline and trade .
(2) ITC (369.05) Buy this stock in decline
and trade
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