Q3 corporate
earnings will be watched carefully
BSE Sensex
(21193.58) and NSE Nifty(6313.8) closed up by 0.5%
and 0.6% respectively last week.Nifty
Future January was quoting at 56.40 points premium.Nifty call option January 6400 was very active.Support for Sensex is at 21050 and Nifty at 6270. Resistance for
Sensex is at 21350 and Nifty at 6365.
NHPC and POWER GRID added Open Interest in January series.Huge position
was build up at NHPC January Call Option Strike Price 20.Good build up was
also seen at RPOWER January Call Option
Strike Price 80.
Strategy for Futures Option players.
(1) HDIL
(53.95) lot size 4000 shares
Buy One Call Option of January Strike Price 55@2.85 Rs
Sell One Call Option of January Strike
Price 57.50@ 1.90 Rs.
Premium .Paid= 2.85*4000 = 11400.00 Rs.
Premium Received= 1.9*4000= 7600.00 Rs.
Net Premium Paid=11400-7600= 3800.00 Rs.
Maximum Profit==57.50-55 =2.50*4000=10000-3800
= 6200.00 Rs.-
Maximum
Loss= 3800.00 Rs..
Break Even = 55.95
(2) DABUR
(174.50) Future-Lot Size 2000 shares.
Buy One Lot January Future
@174.50 Rs
Sell One Call Option of January Strike Price 180@ Rs.3
Premium Received=3*2000= 6000.00 Rs
Maximum Profit=180-174.50 = 5.50*2000 =
11000 + 6000= 17000.00 Rs.
Max Loss=Unlimited.
Trading Idea
(1) DLF(171.40) Buy this stock in decline
and trade
.
(2) ITC(322.45) Buy this stock in decline
and trade
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