BSE Sensex (24693.35) and NSE Nifty(7367.10) closed up by 2.4% and 2.3% respectively last week.Nifty Future May was quoting at 23.75 points premium.Nifty call option May 7400 was very active.Support for Sensex is at 24300 and Nifty at 7250. Resistance for Sensex is at 25150 and Nifty at 7500.
IDFC and UNITECH added Open Interest in May series.Huge position was build up at NHPC May Call Option Strike Price 32.50.Good build up was also seen at UNITECH May Call Option Strike Price 30.
Strategy for Futures Option players.
(1)RCOM(145.35) Future-Lot Size 2000 shares.
Buy One Lot JUNE Future @145.35 Rs
Sell One Call Option of JUNE Strike Price 150@ Rs.8.95
Premium Received=8.95*2000= 17900.00 Rs
Maximum Profit=150– 145.35 = 4.65*2000= 9300 + 17900 = 27200.00 Rs.
(2) TATA POWER (105.80) LOT SIZE 4145 shares
Buy One Call Option of JUNE Strike Price 105@ 6.85 Rs.
Sell One Call Option of JUNE Strike Price 110@ 4.75 Rs.
Premium Paid = 6.85*4145= 28393.25 Rs.
Premium Received=4.75*4145= 19688.75 Rs.
Net Premium Paid= 28393.25-19688.75=8704.50 Rs.
Maximum Profit = 110-105=5*4145=20725.00 – 8704.50= 12020.75 Rs.
Maximum Loss= 8704.50 Rs.
Break Even= 107.10
(1) MARUTI (2385.85) Buy this stock in decline and trade .
(2) JET AIRWAYS (288.50) Buy this stock in decline and trade
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