Investors will look forward to trade and inflation data of China
BSE Sensex
(20528.59) and Nifty (6096.20) closed up
by 3.1 % and 3.2 % respectively last week.Nifty Future
October was quoting at 27.50 points premium.Nifty Call option October 6200 was very active.Support for Sensex is at 19950.Resistance for Sensex is at 20850. Support
for Nifty is at 5900 and resistance at 6200.
UNITECH and IBREALEST added Open Interest in OCTOBER series.Huge
position was build up at TCS October CALL Option Strike Price 2250.Good
build up was also seen at WIPRO October CALL Option Strike Price 490.
Strategy for Futures Option players.
(1)
PTC
(54.65) lot size 4000 shares
Buy One Call Option of OCTOBER Strike Price 55@ 1.80 Rs
Sell One Call Option of OCTOBER Strike
Price 60@ 0.60 Rs.
Premium .Paid= 1.8*4000 = 7200.00 Rs.
Premium Received= 0.6*4000 = 2400.00 Rs.
Net Premium Paid= 7200 – 2400 = 4800.00 Rs.
Maximum Profit= 60-55= 5*4000 = 20000 –
4800= 15200.00 Rs.
Maximum Loss=
4800.00 Rs.
Break Even = 56.20
(2) INFY (3280)
Future-Lot Size 125 shares.
Buy One Lot OCTOBER Future
@ 3280 Rs
Sell One Call Option of OCTOBER Strike Price 3350@ Rs.48.50
Premium Received= 48.50*125 = 6062.50 Rs
Maximum Profit= 3350-3280 = 70*125 = 8750.00
+ 6062.50 = 14812.50 Rs.
Max Loss=Unlimited.
Trading Idea
(1) TCS (2122.05) Buy this stock in decline
and trade
.
(2) UNITECH (19.30) Buy this stock in
decline and trade
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