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.
Max Loss=Unlimited.
(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
Trading Idea
(1) GRASIM INDUSTRIES (3179.25) Buy this
stock in decline and trade
.
(2) HCL TECH (1418.55) Buy this stock in decline and trade
By
Bullet Advisory.
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