ECB monetary policy statement on 3
September 2015
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BSE Sensex (26392.98) and NSE Nifty(8001.95) closed down by 3.60% and 3.61% respectively last week.Nifty call option September 8200 was very active.Nifty September future
was quoting at the premium of 12.90
points.Support for Sensex is at 25550
and Nifty at 7750. Resistance for Sensex is at 26980 and Nifty at 8170.
RCOM and TATA STEEL added Open Interest in Septembe series.Huge
position was build up at HINDALCO September
call Option Strike Price 85.Good
build up was also seen at RCOM August call Option Strike Price 85.
Strategy
for Futures Option players
(1) STAR (1192.10)
Future-Lot Size 250 shares.
Buy One Lot September
Future @ 1192.10 Rs.
Sell One Call Option September
strike price 1250@ 44.15 Rs
Premium Received= 44.15*250= 11037.50 Rs
Maximum Profit= 1250 – 1192.10= 57.90*250= 14475.00 + 11037.50 =
25512.50 Rs.
Max Loss=Unlimited.
(2) WIPRO (565.15) LOT SIZE 500 shares
Buy One Call Option of September Strike Price 560@ 20.45 Rs.
Sell One Call Option of September
Strike Price 580@ 11.45 Rs.
Premium Paid = 20.45*500 = 10225.00 Rs.
Premium Received= 11.45*500 = 5725.00 Rs.
Net Premium Paid= 10225 – 5725= 4500.00 Rs.
Maximum Profit = 580 - 560= 20*500= 10000.00 – 4500.00 = 5500.00 Rs.
Maximum Loss= 4500.00 Rs.
Break Even= 569
Trading Idea
(1) APOLLO HOSPITALS (1349) Buy this stock in decline and
trade.
.
(2) IGL (487) Buy
this stock in decline and trade.
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2 comments:
The daily and weekly Technical indicators indicate positive bias.Stock differs rapidly as per the market,Epic research give you tips as the current indicators.
Government jobs fever is catching up these days as there is much scope of development from the current running government investing in variety of projects. This is a goo
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