Bank of
Japan’s monetary policy review scheduled on 17 and 18 March 2015
BSE
Sensex (28503.30) and NSE Nifty(8647.75) closed down by 3.2%
and 3.21% respectively last week.Nifty Future was quoting at 40.35 points premium.Nifty call option March 8900 was very active.Support for Sensex is
at 27890 and Nifty at 8465. Resistance
for Sensex is at 29050 and Nifty at 8810.
IDEA
and DLF added Open Interest in March series.Huge position was build up at DLF March call Option
Strike Price 180.Good build up was also seen at ASHOK LEYLAND March call
Option Strike Price 70.
Strategy for Futures Option players.
(1)
MOTHER
SUMI (498.25) Future-Lot Size 500
shares.
Buy One Lot March Future
@ 498.25 Rs
Sell One Call Option March strike price 520@6.40 Rs
Premium Received= 6.40*500= 3200.00
Rs
Maximum Profit= 520- 498.25=21.75*500=
10875.00 + 3200.00 = 14075.00 Rs.
Max Loss=Unlimited.
(2) JSW ENERGY (115.55) LOT SIZE 4000
shares
Buy One Call Option of March Strike Price 115@ 4.45 Rs.
Sell One Call Option of March Strike Price 120@ 2.40 Rs.
Premium Paid = 4.45*4000= 178000.00
Rs.
Premium Received= 2.40*4000= 9600.00
Rs.
Net Premium Paid= 17800.00
–9600.00= 8200.00 Rs.
Maximum Profit = 120-115=5*4000=20000.00
– 8200.00 = 11800.00 Rs.
Maximum Loss= 8200.00 Rs.
Break Even= 117.05
Trading Idea
(1) DLF(157.40) Buy this
stock in decline and trade.
.
(2) JET AIR (452.30) Buy this stock in decline and trade.
By
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1 comment:
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