Market remains closed on 8 April 2014 on account of Ram Navami
BSE Sensex
(22359.50) and NSE Nifty(6694.35) closed up by 0.1% and 0.01% respectively last week.Nifty Future April was quoting at 51.60 points premium.Nifty put option
April 6700 was very active.Support for
Sensex is at 22200 and Nifty at 6645.
Resistance for Sensex is at 22570 and Nifty at 6760.
DLF and HDIL added Open
Interest in April series.Huge position was build up at HDIL April
Call Option Strike Price 70.Good build up was also seen at UNITECH April Call Option Strike Price 17.50.
(1)
IOC (284) Future-Lot Size 1000 shares.
Buy One Lot April Future
@284 Rs
Sell One Call Option of April Strike Price 290@ Rs.7.40
Premium Received=7.40*1000= 7400.00 Rs
Maximum Profit=290 – 284 = 6*1000= 6000 + 7400
= 13400.00 Rs.
Max Loss=Unlimited.
(2) IBREALEST (60.05) LOT SIZE 4000 shares
Buy One
Call Option of April Strike Price 60@3.75 Rs.
Sell One
Call Option of April Strike Price
62.50@2.75 Rs.
Premium Paid = 3.75*4000= 15000.00 Rs.
Premium Received=2.75*4000=11000.00 Rs.
Net Premium Paid= 15000-11000=4000.00 Rs.
Maximum Profit = 62.50-60= 2.50*4000= 10000.00
– 4000.00= 6000.00 Rs.
Maximum Loss= 4000.00 Rs.
Break Even= 61.00
Trading Idea
(1) YES BANK (423.15) Buy this stock in
decline and trade
.
(2) CIPLA (404.10) Buy this stock in decline and trade
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