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All eyes to watch progress of Insurance and Service tax amendment bills during winter session of the parliament

BSE Sensex (28458.10)  and NSE Nifty(8538.30) closed down  by 0.8% and  0.6% respectively  last week.Nifty Future was quoting at  32.70 points premium.Nifty  call option December  8600 was very active.Support for Sensex is at  28280 and Nifty at 8480. Resistance for Sensex is at 28720 and Nifty at 8605.

RPOWER and ITC added Open Interest in December  series.Huge position was build up at DLF December  call Option Strike Price 160.Good build up was also seen at   SBI December  put Option Strike Price 270.

Strategy  for Futures Option players.

(1) HIND ZINC (174.90)   Future-Lot Size 2000 shares.

Buy One Lot  December  Future  @ 174.90 Rs

Sell One Call Option December  strike price 185@ 2.45 Rs

Premium Received=2.45*2000= 4900.00 Rs

Maximum Profit=185– 174.90 = 10.10*2000= 20200.00 + 4900.00 = 25100.00 Rs.

Max Loss=Unlimited.

(2) DISH TV (67.70) LOT SIZE 4000 shares

Buy  One Call Option of   DECEMBER Strike Price 67.50@ 2.85 Rs.

Sell  One Call Option of   DECEMBER Strike Price 72.50@ 1.05 Rs.

Premium Paid = 2.85*4000 = 11400.00 Rs.

Premium Received=1.05*4000= 4200.00 Rs.

Net Premium Paid= 11400.00-4200.00= 7200.00 Rs.

Maximum Profit =72.50-67.50=5*4000=20000– 7200.00 =12800.00 Rs.

Maximum Loss= 7200.00 Rs.

Break Even= 69.30

           

Trading Idea

 (1) ITC (391.35) Buy this stock in decline and trade.                                                                                                                                                                                                                               .

(2) DLF (161.70) Buy this stock in decline and trade.

By 

 
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