We take this opportunity to congratulate Mr. Narendra Modi for his marvelous victory and completing the mission of 272+ seats.Great!!! @narendramodi We are proud of you Sir!!!
The first budget of the new government is likely to be tabled in Parliament by July 2014.
BSE Sensex (24121.74) and NSE Nifty(7203) closed up by 4.9% and 5% respectively last week.Nifty Future May was quoting at 41 points premium.Nifty call option May 7500 was very active.Support for Sensex is at 22960 and Nifty at 6850. Resistance for Sensex is at 25320 and Nifty at 7550.
NTPC and HDFC BANK added Open Interest in May series.Huge position was build up at SSLT May Call Option Strike Price 240.Good build up was also seen at DLF May Call Option Strike Price 175.
Strategy for Futures Option players.
(1)ICICI BANK(1474.65) Future-Lot Size 250 shares.
Buy One Lot MAY Future @1474.65 Rs
Sell One Call Option of MAY Strike Price 1500@ Rs.34.75
Premium Received=34.75*250= 8687.50 Rs
Maximum Profit=1500– 1474.65 = 25.35*250= 6337.50 + 8687.50 = 15025.00 Rs.
(2) HIND PETRO (404.55) LOT SIZE 1000 shares
Buy One Call Option of MAY Strike Price 400@ 18.80 Rs.
Sell One Call Option of MAY Strike Price 420@ 10.35 Rs.
Premium Paid = 18.8*1000= 18800.00 Rs.
Premium Received=10.35*1000= 10350.00 Rs.
Net Premium Paid= 18800-10350=8450.00 Rs.
Maximum Profit = 420-400=20*1000=20000.00 – 8450.00= 11550.00 Rs.
Maximum Loss= 8450.00 Rs.
Break Even= 408.45
(1) SBI (2414.30) Buy this stock in decline and trade .
(2) DLF (169.70) Buy this stock in decline and trade
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