Rail Minister Suresh Prabhu
will present Railway Budget on 26 Feb
2015 in the Parliament
BSE Sensex
(29231.41) and NSE Nifty(8833.60) closed up by 0.5%
and 0.3% respectively last week.Nifty Future was quoting at 12.40 points premium.Nifty call option February 8900 was very active.Support for Sensex is
at 29000 and Nifty at 8780. Resistance
for Sensex is at 29480 and Nifty at 8900.
JPPOWER and BHEL added Open
Interest in March series.Huge position was build up at IDBI March call Option
Strike Price 80.Good build up was also seen at
IDFC March call
Option Strike Price 170.
Strategy for Futures Option players.
(1)
ITC (399.40) Future-Lot Size 1000 shares.
Buy One Lot March Future @ 399.40 Rs
Sell One Call Option March strike price 420@6.45 Rs
Premium Received= 6.45*1000= 6450.00 Rs
Maximum Profit= 420-399.40=20.60*1000= 20600.00
+ 6450.00 = 27050.00 Rs.
Max Loss=Unlimited.
(2) ADANI POWER (54.80) LOT SIZE 8000 shares
Buy
One Call Option of March Strike
Price 55@ 4.20 Rs.
Sell
One Call Option of March Strike
Price 60@ 2.75 Rs.
Premium Paid = 4.20*8000= 33600.00 Rs.
Premium Received=2.75*8000*= 22000.00 Rs.
Net Premium Paid= 33600.00 –22000.00= 11600.00
Rs.
Maximum Profit = 60-55=5*8000=40000.00 –
11600.00 = 28400.00 Rs.
Maximum Loss= 11600.00 Rs.
Break Even= 56.45
Trading Idea
(1) BHARAT FORGE(1280.35) Buy this
stock in decline and trade.
.
(2) JINDAL STEEL & POWER (194) Buy this stock in
decline and trade.
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1 comment:
This content is very helpful and informative for me, as it contains detailing about the topic is very accurate, Thanks good luck.
nifty future tips
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