Movement of rupee against dollar will decide the trend
BSE Sensex (27090.42) and NSE Nifty(8121.45) closed up by 0.1% and 0.2% respectively last week.Nifty Future was quoting at 8.45 points premium.Nifty call option September 8200 was very active.Support for Sensex is at 26850 and Nifty at 8040. Resistance for Sensex is at 27300 and Nifty at 8170.
AXIS BANK and IDEA added Open Interest in September series.Huge position was build up at JPASSOCIAT September Put Option Strike Price 30.Good build up was also seen at HDIL September Put Option Strike Price 90.
Strategy for Futures Option players.
(1) ONGC (411.85) Future-Lot Size 1000 shares.
Buy One Lot OCTOBER Future @ 411.85 Rs
Sell One Call Option of OCTOBER Strike Price 420@ Rs.11.75
Premium Received=11.75*1000= 11750.00 Rs
Maximum Profit=420– 411.85 = 8.15*1000= 8150.00 + 11750.00 = 19900.00 Rs.
(2) AXIS BANK (410) LOT SIZE 1250 shares
Buy One Call Option of OCTOBER Strike Price 410@ 13.85 Rs.
Sell One Call Option of OCTOBER Strike Price email@example.com Rs.
Premium Paid = 13.85*1250= 17312.50 Rs.
Premium Received=9.40*1250= 11750.00 Rs.
Net Premium Paid= 17312.50-11750.00= 5562.50 Rs.
Maximum Profit =420-410=10*1250=12500– 5562.50= 6937.50 Rs.
Maximum Loss= 5562.50 Rs.
Break Even= 414.45
(1) ITC (359.40) Buy this stock in decline and trade .
(2) INFY (3702.05) Buy this stock in decline and trade
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