Industrial production data for August 2014 will be declared on 12 September
BSE Sensex (27026.70) and NSE Nifty(8086.85) closed up by 1.5% and 1.8% respectively last week.Nifty Future September was quoting at 26 points premium.Nifty call option September 8200 was very active.Support for Sensex is at 26760 and Nifty at 8000. Resistance for Sensex is at 27480 and Nifty at 8230.
IDFC and HIND PETRO added Open Interest in September series.Huge position was build up at DLF September Call Option Strike Price 200.Good build up was also seen at ASHOK LEYLAND September Call Option Strike Price 40.
Strategy for Futures Option players.
(1)IOC (389.30) Future-Lot Size 1000 shares.
Buy One Lot SEPTEMBER Future @389.30 Rs
Sell One Call Option of SEPTEMBER Strike Price 400@ Rs.10.70
Premium Received=10.70*1000= 10700.00 Rs
Maximum Profit=400– 389.30 = 10.70*1000= 10700.00 + 10700.00 = 21400.00 Rs.
(2) SYNDICATE BANK (115.65) LOT SIZE 4000 shares
Buy One Call Option of SEPTEMBER Strike Price 115@ 5.20 Rs.
Sell One Call Option of SEPTEMBER Strike Price 120@ 3.00 Rs.
Premium Paid = 5.2*4000= 20800.00 Rs.
Premium Received=3*4000= 12000.00 Rs.
Net Premium Paid= 20800-12000=8800.00 Rs.
Maximum Profit = 120-115=5*4000=20000.00 – 8800.00= 11200.00 Rs.
Maximum Loss= 8800.00 Rs.
Break Even= 117.20
(1) INFY (3730.75) Buy this stock in decline and trade .
(2) WIPRO (581.90) Buy this stock in decline and trade
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