The
Federal Open Market Committee (FOMC) holds a two-day policy meeting on 29-30
October 2013.
BSE Sensex
(20683.52) and Nifty (6144.90) closed up
by 1.7 % and 1.5 % respectively last week.Nifty Future
October was quoting at 3.90 points discount.Nifty Call option October 6200 was very active.Support for Sensex is at 20300.Resistance for Sensex is at 21000. Support
for Nifty is at 6035 and resistance at 6230.
POWERGRID and TITAN added Open Interest in OCTOBER series.Huge
position was build up at ITC October PUT Option Strike Price 335.Good build
up was also seen at HIND LEVER October PUT Option Strike Price 540.
Strategy for Futures Option players.
(
1(1) IDBI (66.50) lot size 4000 shares
Buy One Call Option of OCTOBER Strike Price 65@ 2.00 Rs
Sell One Call Option of OCTOBER Strike
Price 70@ 0.45 Rs.
Premium .Paid= 2*4000 = 8000.00 Rs.
Premium Received= 0.45*4000 = 1800.00 Rs.
Net Premium Paid= 8000 – 1800 = 6200.00 Rs.
Maximum Profit= 70-65= 5*4000 = 20000 –
6200= 13800.00 Rs.
Maximum Loss=
6200.00 Rs.
Break Even = 66.55
(2) DABUR (182.85)
Future-Lot Size 2000 shares.
Buy One Lot OCTOBER Future
@ 182.85 Rs
Sell One Call Option of OCTOBER Strike Price 185@ Rs.2.70
Premium Received= 2.70*2000 = 5400.000 Rs
Maximum Profit= 185-182.85 = 2.15*2000 = 4300.00
+ 5400.00 = 9700.00 Rs.
Max Loss=Unlimited.
Trading Idea
(1) SBI (1717) Buy this stock in decline
and trade
.
(2) IDFC (102.60) Buy this stock in decline
and trade
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