Geo-political concerns in the Middle East hit global
equity markets
BSE Sensex
(18619.72) and Nifty (5471.80) closed up
by 0.5 % and 0.01 % respectively last week.Nifty Future
September was quoting at 9.80 points discount.Nifty Call option September 5500 was very active.Support for Sensex is at 18270.Resistance for Sensex is at 19050. Support
for Nifty is at 5370 and resistance at 5600.
HIND ZINC and SUN PHARMA added Open Interest in SEPTEMBER series.Huge
position was build up at CIPLA CALL Option Strike Price 440.Good build up was
also seen at TCS September CALL Option Strike Price 2080.
Strategy for Futures Option players.
(1)TCS
(2033.20) lot size 250 shares
Buy One Call Option of SEPTEMBER Strike Price 2000@ 83.50 Rs
Sell One Call Option of SEPTEMBER
Strike Price 2040@ 73.00 Rs.
Premium .Paid= 83.50*250 = 20875.00 Rs.
Premium Received= 73.00*250 = 18250.00 Rs.
Net Premium Paid= 20875 – 18250 = 2625.00
Rs.
Maximum Profit= 2040-2000= 40*250 = 10000 –
2625= 7375.00 Rs.
Maximum Loss=
2625.00 Rs.
Break Even = 2010.50
(2) DR REDDY (2291.55)
Future-Lot Size 125 shares.
Buy One Lot SEPTEMBER Future
@ 2291.55 Rs
Sell One Call Option of SEPTEMBER Strike Price 2300@ 95.00 Rs.
Premium Received= 95*125 = 11875.00 Rs
Maximum Profit= 2300-2291.55 = 8.45*125 =
1056.25 + 11875.00 = 12931.25 Rs.
Max Loss=Unlimited.
Trading Idea
(1) INFY (3105.85) Buy this stock in
decline and trade
.
(2) WIPRO (483.60) Buy this stock in
decline and trade
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