FOMC meet for monetary policy review on 29 and 30 April
2014
BSE Sensex
(22628.84) and NSE Nifty(6779.40) closed up by 0.01% and 0.1% respectively last week.Nifty Future April was quoting at 20.55 points premium.Nifty call option
April 6800 was very active.Support for
Sensex is at 22530 and Nifty at 6750. Resistance
for Sensex is at 22820 and Nifty at 6840.
BHEL and ITC added Open Interest in May series.Huge
position was build up at HDIL April Call Option Strike Price 75.Good build up was
also seen at DLF May Call Option Strike Price 160.
Strategy for Futures Option players.
(1)
ARVIND(193.90) Future-Lot Size 4000 shares.
Buy One Lot MAY Future
@193.90 Rs
Sell One Call Option of MAY Strike Price 200@ Rs.10.0
Premium Received=10*4000= 40000.00 Rs
Maximum Profit=200– 193.90 = 6.1*4000= 24400 +
40000 = 64400.00 Rs.
Max Loss=Unlimited.
(2) TATA MOTORS (429.10) LOT SIZE 1000 shares
Buy One
Call Option of MAY Strike Price 430@27.85 Rs.
Sell One
Call Option of MAY Strike Price
440@24.50 Rs.
Premium Paid = 27.85*1000= 27850.00 Rs.
Premium Received=24.50*1000=24500.00 Rs.
Net Premium Paid= 27850-24500=3350.00 Rs.
Maximum Profit = 440-430= 10*1000= 10000.00 –
3350.00= 6650.00 Rs.
Maximum Loss= 3350.00 Rs.
Break Even= 433.34
Trading Idea
(1) BIOCON (457.75) Buy this stock in decline
and trade
.
(2) ICICI BANK (1263.90) Buy this stock in decline and trade
By
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