Lok Sabha elections will be held between 7 April to 12 May 2014
BSE Sensex (21753.75) and NSE Nifty(6493.20) closed down by 0.3% and 0.2% respectively last week.Nifty Future March was quoting at 15.80 points premium.Nifty call option March 6500 was very active.Support for Sensex is at 21620 and Nifty at 6450. Resistance for Sensex is at 21960 and Nifty at 6550.
ASHOK LEYLAND and UNITECH added Open Interest in April series.Huge position was build up at ASHOK LEYLAND April Call Option Strike Price 20.Good build up was also seen at UNITECH April Call Option Strike Price 12.50.
Strategy for Futures Option players.
(1)HINDALCO (124.45) Future-Lot Size 2000 shares.
Buy One Lot April Future @124.45 Rs
Sell One Call Option of April Strike Price 125@ Rs.5.50
Premium Received=5.5*2000= 11000.00 Rs
Maximum Profit=125- 124.45 = 0.55*2000= 1100 + 11000 = 12100.00 Rs.
(2) Ashok Leyland (18.50) LOT SIZE 15000 shares
Buy One Call Option of April Strike Price firstname.lastname@example.org Rs.
Sell One Call Option of April Strike Price email@example.com Rs.
Premium Paid = 1.8*15000= 27000.00 Rs.
Premium Received=0.70*15000=10500.00 Rs.
Net Premium Paid= 27000-10500=16500.00 Rs.
Maximum Profit = 20-17.50= 2.5*15000= 37500.00 – 16500.00=21000.00 Rs.
Maximum Loss= 16500.00 Rs.
Break Even= 18.60
(1) SBI (1702.15) Buy this stock in decline and trade .
(2) JSW STEEL (981.45) Buy this stock in decline and trade
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