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.
(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
(1) ITC (391.35) Buy this stock in decline and trade. .
(2) DLF (161.70) Buy this stock in decline and trade.
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