The Bank Of
Japan holds two-day monetary policy meeting on 19 and 20 Dec. 2013.
BSE Sensex
(20715.58) and NSE Nifty(6168.40) closed down by 1.3%
and 1.4% respectively last week.Nifty
Future December was quoting at 39.60 points premium.Nifty call option December 6300 was very active.Support for Sensex is at 20450 and Nifty at 6085. Resistance for
Sensex is at 20950.and Nifty at 6250.
TATASTEEL and COAL INDIA added Open Interest in December series.Huge position
was build up at TATA STEEL December Call Option Strike Price 420.Good build up
was also seen at COAL INDIA December
Call Option Strike Price 290.
Strategy for Futures Option players.
(1) CESC (420.30)
lot size 1000 shares
Buy One Call Option of December Strike Price 420@7.75 Rs
Sell One Call Option of December
Strike Price 430@ 5.85 Rs.
Premium .Paid= 7.75*1000 = 7750.00 Rs.
Premium Received= 5.85*1000= 5850.00 Rs.
Net Premium Paid=7750-5850= 1900.00 Rs.
Maximum Profit==430-420 =10*1000=10000-1900.00
= 8100.00 Rs.-
Maximum
Loss= 1900=00 Rs..
Break Even = 421.90
(2) DABUR(166.25) Future-Lot Size 2000 shares.
Buy One Lot December Future
@166.25 Rs
Sell One Call Option of December Strike Price 170@ Rs.2.10
Premium Received=2.10*2000= 4200.00 Rs
Maximum Profit=170-166.25 = 3.75*2000 =.7500
+ 4200=11700.00 Rs.
Max Loss=Unlimited.
Trading Idea
(1) WIPRO(518.75) Buy this stock in decline
and trade
.
(2) INFY(3373.85) Buy this stock in decline
and trade
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