BSE Sensex
(26108.53) and NSE Nifty(7779.70) closed down by 0.8%
and 1.0% respectively last week.Nifty Future was quoting at 35.30 points premium.Nifty call option October 7900 was very active.Support for Sensex is
at 25820 and Nifty at 7695. Resistance
for Sensex is at 26450 and Nifty at 7895.
IDFC and ITC added Open Interest in October series.Huge
position was build up at IFCI October
call Option Strike Price 32.50.Good build up was also seen at ONGC October
call Option Strike Price 400.
Strategy for Futures Option players.
(1) GAIL (450.40)
Future-Lot Size 1000 shares.
Buy One Lot OCTOBER Future @
450.40 Rs
Sell One Call Option October strike price 460@ 5.90
Rs
Premium Received=5.90*1000= 5900.00 Rs
Maximum Profit=460– 450.40 = 9.60*1000= 9600.00
+ 5900.00 = 15500.00 Rs.
Max Loss=Unlimited.
(2) INFY (3860) LOT
SIZE 125 shares
Buy
One Call Option of OCTOBER
Strike Price 3850@ 66.70 Rs.
Sell
One Call Option of OCTOBER
Strike Price 3900@ 45.80 Rs.
Premium Paid = 66.70*125 = 8337.50 Rs.
Premium Received=45.80*125= 5725.00 Rs.
Net Premium Paid= 8337.50-5725.00= 2612.50 Rs.
Maximum Profit =3900-3850=50*125=6250– 2612.50
= 3637.50 Rs.
Maximum Loss= 2612.50 Rs.
Break Even= 3870.90
Trading Idea
(1) SBI (2526.25) Buy this stock in
decline and trade
.
(2) ICICI BANK (1508.25) Buy this stock in decline and
trade
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