FOMC holds
monetary policy meet on 28 and 29 January 2014.
BSE Sensex
(20851.33) and NSE Nifty(6211.15) closed down by 1.5%
and 1.51% respectively last week.Nifty
Future January was quoting at 47.25 points premium.Nifty put option January 6200 was very active.Support for Sensex is at 20630 and Nifty at 6140. Resistance for
Sensex is at 21230 and Nifty at 6320.
Ashok Leyland and DLF added Open Interest in January series.Huge position
was build up at Ashok Leyland January Call Option Strike Price 22.50.Good build up
was also seen at IFCI January Call
Option Strike Price 27.50.
Strategy for Futures Option players.
(1) Ashok
Leyland (18.90) lot size 15000 shares
Buy One Call Option of January Strike Price 20@0.80 Rs
Sell One Call Option of January Strike
Price 22.50@ 0.30 Rs.
Premium .Paid= 0.8*15000 = 12000.00 Rs.
Premium Received= 0.3*15000= 4500.00 Rs.
Net Premium Paid=12000-4500= 7500.00 Rs.
Maximum Profit==22.50-20 =2.50*15000=37500-7500
= 30000.00 Rs.-
Maximum
Loss= 7500.00 Rs..
Break Even = 20.50
(2) Power
Grid (101.20) Future-Lot Size 4000
shares.
Buy One Lot January Future
@101.20 Rs
Sell One Call Option of January Strike Price 105@ Rs.1.05
Premium Received=1.05*4000= 4200.00 Rs
Maximum Profit=105-101.20 = 3.80*4000 =
15200 + 4200= 19400.00 Rs.
Max Loss=Unlimited.
Trading Idea
(1) TCS(2222.20) Buy this stock in decline
and trade
.
(2) ARVIND(144.60) Buy this stock in
decline and trade
By
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