The European Central Bank will meet to discuss monetary policy on 4 December 2014
BSE Sensex (28693.99) and NSE Nifty(8588.25) closed up by 1.3% and 1.31% respectively last week.Nifty Future was quoting at 44.50 points premium.Nifty call option December 8700 was very active.Support for Sensex is at 28330 and Nifty at 8470. Resistance for Sensex is at 28940 and Nifty at 8655.
SBI and HPCL added Open Interest in December series.Huge position was build up at HDIL December call Option Strike Price 85.Good build up was also seen at SBI December call Option Strike Price 320.
Strategy for Futures Option players.
(1) FEDERAL BANK (152.45) Future-Lot Size 2000 shares.
Buy One Lot December Future @ 152.45 Rs
Sell One Call Option December strike price 160@ 3.55 Rs
Premium Received=3.55*2000= 7100.00 Rs
Maximum Profit=160– 152.45 = 7.55*2000= 15100.00 + 7100.00 = 22200.00 Rs.
(2) TATA POWER (93) LOT SIZE 4000 shares
Buy One Call Option of DECEMBER Strike Price 90@ 4.70 Rs.
Sell One Call Option of DECEMBER Strike Price 97.50@ 1.40 Rs.
Premium Paid = 4.70*4000 = 18800.00 Rs.
Premium Received=1.40*4000= 5600.00 Rs.
Net Premium Paid= 18800.00-5600.00= 13200.00 Rs.
Maximum Profit =97.50-90=7.50*4000=30000– 13200.00 =16800.00 Rs.
Maximum Loss= 13200.00 Rs.
Break Even= 93.30
(1) BANK BARODA (1087.20) Buy this stock in decline and trade. .
(2) JET AIRWAYS (322.65) Buy this stock in decline and trade.
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