RBI will review monetary
policy on 30 September 2014
BSE Sensex
(26626.32) and NSE Nifty(7968.85) closed down by 1.7%
and 1.8% respectively last week.Nifty Future was quoting at 64.40 points premium.Nifty put option October 7900 was very active.Support for Sensex is
at 26150 and Nifty at 7825. Resistance
for Sensex is at 27180 and Nifty at 8140.
IDFC and HDIL added Open Interest in October series.Huge
position was build up at JP POWER October
call Option Strike Price 20.Good build up was also seen at UNITECH
October call Option Strike Price 25.
Strategy for Futures Option players.
(1) ITC (375.20)
Future-Lot Size 1000 shares.
Buy One Lot OCTOBER Future
@ 375.20 Rs
Sell One Call Option October strike price 380@7.00
Rs
Premium Received=7*1000= 7000.00 Rs
Maximum Profit=380– 375.20 = 4.80*1000= 4800.00
+ 7000.00 = 11800.00 Rs.
Max Loss=Unlimited.
(2) HCL TECH (1714) LOT
SIZE 250 shares
Buy
One Call Option of OCTOBER
Strike Price 1700@ 69.00 Rs.
Sell
One Call Option of OCTOBER
Strike Price 1780@30.10 Rs.
Premium Paid = 69*250= 17250.00 Rs.
Premium Received=30.10*250= 7525.00 Rs.
Net Premium Paid= 17250.00-7525.00= 9725.00 Rs.
Maximum Profit =1780-1700=80*250=20000–
9725.00 = 10275.00 Rs.
Maximum Loss= 9725.00 Rs.
Break Even= 1738.90
Trading Idea
(1) POWER GRID (137) Buy this stock in
decline and trade
.
(2) IFCI (35.30) Buy
this stock in decline and trade
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1 comment:
Nifty Futures Tips by Epic research says to BUY BANK NIFTY ABOVE 15640 TGT 15680-15740-15840 SL 15590.
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