Geopolitical developments will decide the trend
BSE Sensex (26103.23) and NSE Nifty(7791.70) closed up by 3.1% and 2.9% respectively last week.Nifty Future was quoting at 8.30 points premium.Nifty call option August 7800 was very active.Support for Sensex is at 25650 and Nifty at 7655. Resistance for Sensex is at 26590 and Nifty at 7925.
DABUR and HDFC BANK added Open Interest in August series.Huge position was build up at RCOM August Call Option Strike Price 120.Good build up was also seen at RELIANCE INDUSTRIES August Call Option Strike Price 1020.
Strategy for Futures Option players.
(1) SBI (2371) Future-Lot Size 125 shares.
Buy One Lot AUGUST Future @ 2371.00 Rs
Sell One Call Option of AUGUST Strike Price 2420@ Rs.25.2 0
Premium Received=25.20*125= 3150.00 Rs
Maximum Profit=2420– 2371 = 49*125= 6125.00 + 3150.00 = 9275.00 Rs.
(2) INDIA CEMENT (113.10) LOT SIZE 4000 shares
Buy One Call Option of AUGUST Strike Price 112.50@ 3.90 Rs.
Sell One Call Option of AUGUST Strike Price 120@ 1.00 Rs.
Premium Paid = 3.90*4000= 15600 Rs.
Premium Received=1.00*4000= 4000.00 Rs.
Net Premium Paid= 15600.00-4000.00= 11600.00 Rs.
Maximum Profit =120-112.50=7.50*4000=30000– 11600.00= 18400.00 Rs.
Maximum Loss= 11600.00 Rs.
Break Even= 115.40
(1) RANBAXY (602.75) Buy this stock in decline and trade .
(2) SUN PHARMA (814.85) Buy this stock in decline and trade
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