Last winter session of parliament before the General Elections in 2014 will end on 20 December 2013.
BSE Sensex
(20996.53) and NSE Nifty(6259.90) closed up by 1% and 1.4% respectively last week.Nifty Future December was quoting at 59.80
points premium.Nifty call option December 6500 was very active.Support for Sensex is at 20720 and Nifty at 6170. Resistance for
Sensex is at 21220.and Nifty at 6330.
POWERGRID and UCO BANK added Open Interest in December series.Huge position
was build up at POWERGRID December Call Option Strike Price 95.Good build up was
also seen at NHPC December Call Option
Strike Price 22.50.
Strategy for Futures Option players.
(1) AXIS BANK
(1279.75) lot size 250 shares
Buy One Call Option of December Strike Price 1250@ 80.50 Rs
Sell One Call Option of December
Strike Price 1300@ 51.50 Rs.
Premium .Paid= 80.50*250 = 20125.00 Rs.
Premium Received= 51.50*250= 12875.00 Rs.
Net Premium Paid=20125-12875= 7250.00 Rs.
Maximum Profit==1300-1250 =50*250=12500-=
7250.00 = 5250.00 Rs.-
Maximum
Loss= 7250=00 Rs..
Break Even = 1279
(2) POWERGRID (94.40) Future-Lot Size 2000 shares.
Buy One Lot December Future
@94.40 Rs
Sell One Call Option of December Strike Price 95@ Rs.2.30
Premium Received=2.30*2000= 4600.00 Rs
Maximum Profit=95-94.40 = 0.6*2000 =.1200 +
4600=5800.00 Rs.
Max Loss=Unlimited.
Trading Idea
(1) BIOCON(402.80) Buy this stock in
decline and trade
.
(2) BPCL(364.30) Buy this stock in decline
and trade
By
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Narendra
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