Stock specific movement expected next week
BSE Sensex
(25024.35) and NSE Nifty(7459.60) closed down by 3.6% and
3.8% respectively last week.Nifty
Future July was quoting at 24.40 points premium.Nifty call option July 7700 was very active.Support for Sensex is
at 24190 and Nifty at 7220. Resistance
for Sensex is at 25800 and Nifty at 7690.
SUN PHARMA and DABUR added Open Interest in July series.Huge
position was build up at UNITECH July
Put Option Strike Price 22.50.Good build up was also seen at IDFC July Put Option Strike Price 150.
Strategy for Futures Option players.
(1) WIPRO (548) Future-Lot Size 500 shares.
Buy One Lot JULY Future
@ 548.00 Rs
Sell One Call Option of JULY Strike Price 560@ Rs.12.60
Premium Received=12.60*500= 6300.00 Rs
Maximum Profit=560– 548 = 12*500= 6000.00 + 6300
= 12300.00 Rs.
Max Loss=Unlimited.
(2) SUN PHARMA (744.05) LOT
SIZE 500 shares
Buy One
Call Option of JULY Strike Price 740@ 23.80 Rs.
Sell One
Call Option of JULY Strike Price 760@
15.00 Rs.
Premium Paid = 23.80*500= 11900.00 Rs.
Premium Received=15.00*500= 7500.00 Rs.
Net Premium Paid= 11900-7500=4400.00 Rs.
Maximum Profit = 760-740=20*500=10000– 4400=
5600.00 Rs.
Maximum Loss= 4400.00 Rs.
Break Even= 748.80
Trading Idea
(1) INFY (3326.65) Buy this stock in decline
and trade
.
(2) DR REDDY (2700.70) Buy this stock in decline and trade
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2 comments:
BUY PNB 900 CALL OPTION ABOVE 28 TGT 30 32 35 SL 25 for call and option Intraday Commodity Market Recommendations.
Waiting for your new postings and updates
Thanks with Regards
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