Saturday, October 26, 2013

Equity trading advisor India Narendra Nainani



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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