Bank
of Japan’s
monetary policy on 24 November 2014
BSE Sensex
(28334.63) and NSE Nifty(8477.35) closed up by 1% and 0.9% respectively last week.Nifty Future was quoting at 11.45 points premium.Nifty call option November 8500 was very active.Support for Sensex is
at 28050 and Nifty at 8380. Resistance
for Sensex is at 28650 and Nifty at 8575.
SBI and AXIS BANK added Open
Interest in November series.Huge position was build up at KTK BANK November call Option Strike Price 145.Good build up was
also seen at IDEA November put Option Strike Price 175.
Strategy for Futures Option players.
(1) RELIANCE INDUSTRIES (1004.30) Future-Lot Size 250 shares.
Buy One Lot December Future
@ 1004.30 Rs
Sell One Call Option December strike price 1040@ 13.00 Rs
Premium Received=13*250= 3250.00 Rs
Maximum Profit=1040– 1004.30 = 35.70*250= 8925.00
+ 3250.00 = 12175.00 Rs.
Max Loss=Unlimited.
(2) RELIANCE CAPITAL (502.55) LOT SIZE 500 shares
Buy
One Call Option of NOVEMBER
Strike Price 500@ 29.05 Rs.
Sell
One Call Option of NOVEMBER
Strike Price 540@ 13.85 Rs.
Premium Paid = 29.05*500 = 14525.00 Rs.
Premium Received=13.85*500= 6925.00 Rs.
Net Premium Paid= 14525.00-6925.00= 7600.00 Rs.
Maximum Profit =540-500=40*500=20000– 7600.00
=12400.00 Rs.
Maximum Loss= 7600.00 Rs.
Break Even= 515.20
Trading Idea
(1) JSW ENERGY (82.25) Buy this stock
in decline and trade
.
(2) GLENMARK PHARMA (819.40) Buy this stock in decline and
trade
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1 comment:
TCS FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it sustains above 2650 levels.We advise buying around 2630-2650 levels with strict stop loss of 2600 for the targets of 2680-2700 levels as informed by Epic research.
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