Market remains closed on 25 December on account of Christmas
BSE Sensex (27371.84) and NSE Nifty(8225.20) closed up by 0.1% and 0.01% respectively last week.Nifty Future was quoting at 7.80 points premium.Nifty call option December 8300 was very active.Support for Sensex is at 27100 and Nifty at 8150. Resistance for Sensex is at 27650 and Nifty at 8320.
HDFC and HDFC BANK added Open Interest in January series.Huge position was build up at IFCI January put Option Strike Price 35.Good build up was also seen at JSW ENERGY January call Option Strike Price 105.
Strategy for Futures Option players.
(1) INFY (2014.90) Future-Lot Size 250 shares.
Buy One Lot January Future @ 2014.90 Rs
Sell One Call Option January strike price 2100@ 41.00 Rs
Premium Received=41*250= 10250.00 Rs
Maximum Profit=2100-2014.90=85.10*250= 21275.00 + 10250.00 = 31525.00 Rs.
(2) MOTHER SUMI (432.90) LOT SIZE 500 shares
Buy One Call Option of January Strike Price 430@ 29.00 Rs.
Sell One Call Option of January Strike Price 450@ 17.05 Rs.
Premium Paid = 29.00*500 = 14500.00 Rs.
Premium Received=17.05*500= 8525.00 Rs.
Net Premium Paid= 14500.00-8525.00= 5975.00 Rs.
Maximum Profit =450-430=20*500=10000– 5975.00 =4025.00 Rs.
Maximum Loss= 5975.00 Rs.
Break Even= 441.95
(1) JSW ENERGY (102.10) Buy this stock in decline and trade. .
(2) COAL INDIA (376) Buy this stock in decline and trade.
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