Corporate advance tax data will dictate the trend
BSE Sensex (21809.80) and NSE Nifty(6504.20) closed down by 0.5% and 0.2% respectively last week.Nifty Future March was quoting at 34.65 points premium.Nifty put option March 6500 was very active.Support for Sensex is at 21580 and Nifty at 6440. Resistance for Sensex is at 22030 and Nifty at 6565.
JPASSOCIAT and IDFC added Open Interest in March series.Huge position was build up at JPASSOCIAT March Call Option Strike Price 45.Good build up was also seen at IDFC March Call Option Strike Price 120.
Strategy for Futures Option players.
(1)RELIANCE (891.30) Future-Lot Size 250 shares.
Buy One Lot MARCH Future @891.30 Rs
Sell One Call Option of MARCH Strike Price 920@ Rs.8.40
Premium Received=8.40*250= 2100.00 Rs
Maximum Profit=920- 891.30 = 28.70*250= 7175 + 2100 = 9275.00 Rs.
(2) LIC HOUSING (229.60) LOT SIZE 2000 shares
Buy One Call Option of MARCH Strike Price firstname.lastname@example.org Rs.
Sell One Call Option of MARCH Strike Price email@example.com Rs.
Premium Paid = 8.25*2000= 16500.00 Rs.
Premium Received=4.80*2000=9600.00 Rs.
Net Premium Paid= 16500-9600=6900.00 Rs.
Maximum Profit = 240-230= 10*2000= 20000.00 – 6900.00=13100.00 Rs.
Maximum Loss= 6900.00 Rs.
Break Even= 233.45
(1) ITC (346.20) Buy this stock in decline and trade .
(2) LT (1257.60) Buy this stock in decline and trade
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