FOMC
monetary policy review meeting on 29-30 July 2014..
BSE Sensex
(26126.75) and NSE Nifty(7790.45) closed up by 1.9% and
1.6% respectively last week.Nifty
Future July was quoting at 6.95 points discount.Nifty call option July 7800 was very active.Support for Sensex is
at 25760 and Nifty at 7690. Resistance
for Sensex is at 26650 and Nifty at 7920.
ITC and HIND UNI LEVER added Open Interest in July series.Huge position
was build up at DLF July Put Option
Strike Price 195.Good build up was also seen at
CAIRN July Put Option Strike Price 300.
Strategy for Futures Option players.
(1) DABUR (200.25) Future-Lot Size 2000 shares.
Buy One Lot AUGUST Future
@ 200.25 Rs
Sell One Call Option of AUGUST Strike Price 210@
Rs.2.45
Premium Received=2.45*2000= 4900.00 Rs
Maximum Profit=210– 200.25 = 9.75*2000= 19500.00
+ 4900 = 24400.00 Rs.
Max Loss=Unlimited.
(2) RANBAXY (583.10) LOT SIZE 1000 shares
Buy One
Call Option of AUGUST Strike Price 580@ 26.00 Rs.
Sell One
Call Option of AUGUST Strike Price 600@
18.15 Rs.
Premium Paid = 26*1000= 26000.00 Rs.
Premium Received=18.15*1000= 18150.00 Rs.
Net Premium Paid= 26000-18150=7850.00 Rs.
Maximum Profit =600-580=20*1000=20000– 7850= 12150.00
Rs.
Maximum Loss= 7850.00 Rs.
Break Even= 587.85
Trading Idea
(1) HDFC (1067.75 ) Buy this stock in decline
and trade
.
(2) ITC (357.30) Buy this stock in decline and trade
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