Fears of droughts in the Asia Pacific region loom including India.
BSE Sensex (25105.51) and NSE Nifty(7511.45) closed down by 0.5% and 0.4% respectively last week.Nifty Future June was quoting at 19.40 points premium.Nifty call option June 7600 was very active.Support for Sensex is at 24900 and Nifty at 7445. Resistance for Sensex is at 25260 and Nifty at 7550.
IFCI and RCOM added Open Interest in June series.Huge position was build up at IFCI July Call Option Strike Price 40.Good build up was also seen at CIPLA July Option Strike Price 480.
Strategy for Futures Option players.
(1)TCS (2302.95) Future-Lot Size 125 shares.
Buy One Lot JULY Future @2302.95 Rs
Sell One Call Option of JULY Strike Price 2350@ Rs.65
Premium Received=65*125= 8125.00 Rs
Maximum Profit=2350– 2302.95 = 47.05*125= 5881.25 + 8125 = 14006.25 Rs.
(2) CIPLA (425.65) LOT SIZE 1000 shares
Buy One Call Option of JULY Strike Price 430@ 16.80 Rs.
Sell One Call Option of JULY Strike Price 440@ 13.80 Rs.
Premium Paid = 16.8*1000= 16800.00 Rs.
Premium Received=13.80*1000= 13800.00 Rs.
Net Premium Paid= 16800-13800=3000.00 Rs.
Maximum Profit = 440-430=10*1000=10000– 3000= 7000.00 Rs.
Maximum Loss= 3000.00 Rs.
Break Even= 433
(1) INFY (3316.60) Buy this stock in decline and trade .
(2) RCOM (149.20) Buy this stock in decline and trade
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