Policy meet of European Central Bank on 3 April 2014
BSE Sensex
(22339.97) and NSE Nifty(6695.90) closed up by 2.7% and 3.1% respectively last week.Nifty Future April was quoting at 32.75 points premium.Nifty call option April 6800 was very active.Support for Sensex is at 21900 and Nifty at 6570. Resistance for
Sensex is at 22700 and Nifty at 6815.
IFCI and UNITECH added Open Interest in April series.Huge position
was build up at IFCI April
Call Option Strike Price 30.Good build up was also seen at UNITECH April Call Option Strike Price 15.
Strategy for Futures Option players.
(1)PTC (67.05) Future-Lot Size 8000 shares.
Buy One Lot April Future
@67.05 Rs
Sell One Call Option of April Strike Price 67.50@
Rs.2.40
Premium Received=2.40*8000= 19200.00 Rs
Maximum Profit=67.50 – 67.05 = 0.45*8000=
3600 + 19200 = 22800.00 Rs.
Max Loss=Unlimited.
(2) IOB (51.90) LOT SIZE 8000 shares
Buy One Call Option of April Strike Price 52.50@2.40 Rs.
Sell One Call Option of April Strike Price
55@1.85 Rs.
Premium Paid = 2.40*8000= 19200.00 Rs.
Premium Received=1.75*8000=14000.00 Rs.
Net Premium Paid= 19200-14000=5200.00 Rs.
Maximum Profit = 55-52.50= 2.50*8000= 20000.00
– 5200.00= 14800.00 Rs.
Maximum Loss= 5200.00 Rs.
Break Even= 53.15
Trading Idea
(1) INDIA CEMENT(60.05) Buy this stock in
decline and trade
.
(2) SYNDICATE BANK (96.60) Buy this stock
in decline and trade
By
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1 comment:
These information will be beneficial for traders of Indian stock market to earn money.Nice content on this blog to give profitable and useful information about share market.
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