fresh supply of paper likely from COAL INDIA,ONGC and NHPC
BSE Sensex (28046.66) and NSE Nifty(8389.90) closed up by 0.6% and 0.7% respectively last week.Nifty Future was quoting at 25.10 points premium.Nifty call option November 8500 was very active.Support for Sensex is at 27800 and Nifty at 8320. Resistance for Sensex is at 28300 and Nifty at 8480.
SAIL and VOLTAS added Open Interest in November series.Huge position was build up at SAIL November call Option Strike Price 95.Good build up was also seen at TATA POWER November put Option Strike Price 85.
Strategy for Futures Option players.
(1) CESC (765.20) Future-Lot Size 500 shares.
Buy One Lot November Future @ 765.20 Rs
Sell One Call Option November strike price 780@ 12.80 Rs
Premium Received=12.80*500= 6400.00 Rs
Maximum Profit=780– 765.20 = 14.80*500= 7400.00 + 6400.00 = 13800.00 Rs.
(2) VOLTAS (272) LOT SIZE 1000 shares
Buy One Call Option of NOVEMBER Strike Price 270@ 9.45 Rs.
Sell One Call Option of NOVEMBER Strike Price 280@ 5.10 Rs.
Premium Paid = 9.45*1000 = 9450.00 Rs.
Premium Received=5.10*1000= 5100.00 Rs.
Net Premium Paid= 9450.00-5100.00= 4350.00 Rs.
Maximum Profit =280-270=10*1000=10000– 4350.00 =5650.00 Rs.
Maximum Loss= 4350.00 Rs.
Break Even= 274.35
(1) TCS (2606.45) Buy this stock in decline and trade .
(2) HDFC BANK (930.10) Buy this stock in decline and trade
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