Market Indices follow sell-off in global stocks
BSE Sensex (26297.38) and NSE Nifty(7859.95) closed down by 1% and 1.1% respectively last week.Nifty Future was quoting at 32.60 points premium.Nifty call option October 8000 was very active.Support for Sensex is at 25900 and Nifty at 7750. Resistance for Sensex is at 26520 and Nifty at 7930.
INFY and BHEL added Open Interest in October series.Huge position was build up at RELIANCE INDUSTRIES October call Option Strike Price 1000.Good build up was also seen at APOLLO TYRE October call Option Strike Price 240.
Strategy for Futures Option players.
(1) FEDERAL BANK (129) Future-Lot Size 4000 shares.
Buy One Lot OCTOBER Future @ 129.00 Rs
Sell One Call Option October strike price firstname.lastname@example.org Rs
Premium Received=2.35*4000= 9400.00 Rs
Maximum Profit=135– 129 = 6*4000= 24000.00 + 9400.00 = 33400.00 Rs.
(2) BHEL (221.60) LOT SIZE 2000 shares
Buy One Call Option of OCTOBER Strike Price 220@ 7.70 Rs.
Sell One Call Option of OCTOBER Strike Price email@example.com Rs.
Premium Paid = 7.70*2000= 15400.00 Rs.
Premium Received=4.10*2000= 8200.00 Rs.
Net Premium Paid= 15400.00-8200.00= 7200.00 Rs.
Maximum Profit =230-220=10*2000=20000– 7200.00 = 12800.00 Rs.
Maximum Loss= 7200.00 Rs.
Break Even= 223.60
(1) HIND PETRO(508.60) Buy this stock in decline and trade .
(2) ASHOK LEYLAND (44.10) Buy this stock in decline and trade
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