RBI ups
repo rate by 25 bps on inflation concern
BSE Sensex
(20263.71) and Nifty (6012.10) closed up
by 2.69% and 2.76 % respectively last week.Nifty Future
September was quoting at 35.10 points premium.Nifty Call option September 6100 was very active.Support for Sensex is at 19750.Resistance for Sensex is at 20720. Support
for Nifty is at 5860 and resistance at 6160.
AUROPHARMA and IRB added Open Interest in OCTOBER series.Huge
position was build up at ULTRACEMCO CALL Option Strike Price 1900.Good build up
was also seen at JSW STEEL September CALL Option Strike Price 760.
Strategy for Futures Option players.
(1)TATA MOTORS
(338.35) lot size 1000 shares
Buy One Call Option of OCTOBER Strike Price 340@20.70 Rs
Sell One Call Option of OCTOBER Strike
Price 350@ 15.95 Rs.
Premium .Paid= 20.70*1000 = 20700.00 Rs.
Premium Received= 15.95*1000 = 15950.00 Rs.
Net Premium Paid= 20700 – 15950 = 4750.00
Rs.
Maximum Profit= 350-340= 10*1000 = 10000 –
4750= 5250.00 Rs.
Maximum Loss=
4750.00 Rs.
Break Even = 344.75
(2) RCOM (156.30)
Future-Lot Size 4000 shares.
Buy One Lot SEPTEMBER Future
@ 156.30 Rs
Sell One Call Option of SEPTEMBER Strike Price 160@ 3.35 Rs.
Premium Received= 3.35*4000 = 13400.00 Rs
Maximum Profit= 160-156.30 = 3.7*4000 =
14800.00 + 13400.00 = 28200.00 Rs.
Max Loss=Unlimited.
Trading Idea
(1) DR REDDY (2366.25) Buy this stock in
decline and trade
.
(2) ULTRACEMCO (1854.40) Buy this stock in
decline and trade
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