RBI undertakes next monetary policy on 1 April 2014
BSE Sensex
(21120.12) and NSE Nifty(6276.95) closed up by 2.0% and 1.8% respectively last week.Nifty Future March was quoting at 12.30
points premium.Nifty call option March 6300 was very active.Support for Sensex is at 20800 and Nifty at 6170. Resistance for
Sensex is at 21450 and Nifty at 6377.
BHEL and JPASSOCIAT 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 JPPOWER March Call Option Strike Price 20.
Strategy for Futures Option players.
(1) TCS (2282.65) Future-Lot Size 125 shares.
Buy One Lot MARCH Future
@2282.65 Rs
Sell One Call Option of MARCH Strike Price 2300@
Rs.43.65
Premium Received=43.65*125= 5456.25 Rs
Maximum Profit=2300- 2282.65 = 17.35*125=
2168.75 + 5456.25 = 7625.00 Rs.
Max Loss=Unlimited.
(2) SUN PHARMA (644.70) LOT SIZE 500 shares
Buy One Call Option of MARCH Strike Price 640@19.50 Rs.
Sell One Call Option of MARCH Strike Price 660@10.85
Rs.
Premium Paid = 19.50*500= 9750.00 Rs.
Premium Received=10.85*500=5425.00 Rs.
Net Premium Paid= 9750-5425=4325.00 Rs.
Maximum Profit = 660-640= 20*500= 10000.00
– 4325.00=5675.00 Rs.
Maximum Loss= 4325.00 Rs.
Break Even= 648.65
Trading Idea
(1) DR REDDY (2895.50) Buy this stock in
decline and trade
.
(2) CESC (484.55) Buy this stock in decline
and trade
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1 comment:
As we know NSE and BSE are stock exchanges and they do have difference trading strategy for Stock trading tips as it mentioned about derivative strategies above.
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