The winter session of parliament begins on 5 December 2013
BSE Sensex
(20791.93) and NSE Nifty(6176.10) closed up by 2.8% and 3% respectively last week..Nifty Future December was quoting at 51.90
points premium.Nifty call option December 6300 was very active.Support for Sensex is at 20480 and Nifty at 6075. Resistance for
Sensex is at 21150.and Nifty at 6280.
ACC and PETRONET added Open Interest in December series.Huge position
was build up at GAIL December Call Option Strike Price 370.Good build up
was also seen at ICICI BANK December Call Option Strike Price 1180.
Strategy for Futures Option players.
(1) ONGC
(299.10) lot size 1000 shares
Buy One Call Option of December Strike Price 290@ 12.75 Rs
Sell One Call Option of December
Strike Price 300@ 7.80 Rs.
Premium .Paid= 12.75*1000 = 12750.00 Rs.
Premium Received= 7.8*1000= 7800.00 Rs.
Net Premium Paid=12750-7800= 4950.00 Rs.
Maximum Profit==300-290 =10*1000=10000-=
4950.00 = 5050.00 Rs.-
Maximum
Loss= 4950=00 Rs..
Break Even = 294.95
(2) PETRONET(133.45) Future-Lot Size 2000 shares.
Buy One Lot December Future
@133.45 Rs
Sell One Call Option of December Strike Price 140@ Rs.2.80
Premium Received=2.80*2000= 5600.00 Rs
Maximum Profit=140-133.45 = 6.55*2000 =.13100
+ 5600=18700.00 Rs.
Max Loss=Unlimited.
Trading Idea
(1) PFC(159.15) Buy this stock in decline
and trade .
(2) LT(1045.95) Buy this stock in decline
and trade
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