The January 2014 F&O contracts expire on Thursday, 30 January 2014.
BSE Sensex (21133.56) and NSE Nifty(6266.75) closed up by 0.3% and 0.1% respectively last week..Nifty Future January was quoting at 9.40 points premium.Nifty put option January 6300 was very active.Support for Sensex is at 20950 and Nifty at 6220. Resistance for Sensex is at 21360.and Nifty at 6330.
NTPC and DISH TV added Open Interest in January series.Huge position was build up at JPASSOCIAT January Call Option Strike Price 47.5.Good build up was also seen at RCOM January Call Option Strike Price 140.
Strategy for Futures Option players.
(1) TATAMOTORS(373.75) Future-Lot Size 1000 shares.
Buy One Lot FEBRUARY Future @373.45 Rs
Sell One Call Option of FEBRUARY Strike Price 380@ Rs.11.25
Premium Received=11.25*1000= 11250.00 Rs
Maximum Profit=380-373.75 = 6.25*1000 =.6250 + 11250=17500.00 Rs.
(1) WIPRO(572.85) Buy this stock in decline and trade .
(2) SESA STERLITE(202.70) Buy this stock in decline and trade
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