FOMC next meet scheduled on 17-18 June 2014
BSE Sensex (24217.34) and NSE Nifty(7229.95) closed down by 2.1% and 1.9% respectively last week.Nifty Future June was quoting at 0.05 points premium.Nifty put option June 7200 was very active.Support for Sensex is at 23500 and Nifty at 7030. Resistance for Sensex is at 24850 and Nifty at 7400.
HIND UNI LEVER and TATA POWER added Open Interest in June series.Huge position was build up at ADANI POWER June Call Option Strike Price 60.Good build up was also seen at UNITECH June Call Option Strike Price 30.
Strategy for Futures Option players.
(1)DABUR(185.50) Future-Lot Size 2000 shares.
Buy One Lot JUNE Future @185.50 Rs
Sell One Call Option of JUNE Strike Price 190@ Rs.4.50
Premium Received=4.50*2000= 9000.00 Rs
Maximum Profit=190– 185.50 = 4.50*2000= 9000 + 9000 = 18000.00 Rs.
(2) SUN PHARMA (610.65) LOT SIZE 500 shares
Buy One Call Option of JUNE Strike Price 610@ 18.10 Rs.
Sell One Call Option of JUNE Strike Price 620@ 14.50 Rs.
Premium Paid = 18.10*500= 9050.00 Rs.
Premium Received=14.50*500= 7250.00 Rs.
Net Premium Paid= 9050-7250=1800.00 Rs.
Maximum Profit = 620-610=10*500=5000– 1800= 3200.00 Rs.
Maximum Loss= 1800.00 Rs.
Break Even= 613.60
(1) GRASIM INDUSTRIES (3179.25) Buy this stock in decline and trade .
(2) HCL TECH (1418.55) Buy this stock in decline and trade
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