Record close for Nifty above 8300
BSE Sensex
(27865.83) and NSE Nifty(8322.20) closed up by 3.8%
and 3.9% respectively last week.Nifty Future was quoting at 33.00 points premium.Nifty call option November 8500 was very active.Support for Sensex is
at 27100 and Nifty at 8100. Resistance
for Sensex is at 28660 and Nifty at 8550.
IDFC and AXIS BANK added Open Interest in November series.Huge
position was build up at IDFC November
call Option Strike Price 160.Good build up was also seen at ADANI
POWER November call Option Strike Price
52.50.
Strategy for Futures Option players.
(1) BAJAJ AUTO (2617) Future-Lot Size 125 shares.
Buy One Lot November Future
@ 2617 Rs
Sell One Call Option November strike price 2700@ 34.00
Rs
Premium Received=34*125= 4250.00 Rs
Maximum Profit=2700– 2617 = 83*125= 10375.00 +
4250.00 = 14625.00 Rs.
Max Loss=Unlimited.
(2) BPCL (724.75) LOT
SIZE 500 shares
Buy
One Call Option of NOVEMBER
Strike Price 720@ 28.00 Rs.
Sell
One Call Option of NOVEMBER
Strike Price 760@ 12.95 Rs.
Premium Paid = 28*500 = 14000.00 Rs.
Premium Received=12.95*500= 6475.00 Rs.
Net Premium Paid= 14000.00-6475.00= 7525.00 Rs.
Maximum Profit =760-720=40*500=20000– 7525.00
= 12475.00 Rs.
Maximum Loss= 7525.00 Rs.
Break Even= 735.05
Trading Idea
(1) CANBANK(402.25) Buy this stock in
decline and trade
.
(2) CENTURY TEXTILES (555.70) Buy this stock in decline and
trade
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2 comments:
Epic research Stock Futures Tips : BUY LICHSGFIN FUTURE ABOVE 367 TARGET 368.5 370.5 SL 364.5.
You made some good points. Thanks for it. I like such themes and everything that is connected commodity n stock market.
Thanks with Regards
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