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European Central Bank will hold policy meeting on 22
October 2015
BSE Sensex (27214.60) and NSE Nifty(8238.15) closed up by 0.05% and
0.06% respectively last week.Nifty call option October 8200 was very active.Nifty October future was
quoting at the premium of 23.85 points.Support for Sensex is at 27080 and Nifty at 8190. Resistance for
Sensex is at 27440 and Nifty at 8295.
SBIN
and ICICI BANK added Open Interest in October series.Huge
position was build up at RCOM October call
Option Strike Price 90.Good build up was also seen at IFCI October
call Option Strike Price 27.50.
Strategy
for Futures Option players
(1) TVS MOTOR (247.10)
Future-Lot Size 1000 shares.
Buy One Lot October
Future @ 247.10 Rs.
Sell One Call Option October
strike price 260@ 3.60 Rs
Premium Received= 3.60*1000= 3600.00
Rs
Maximum Profit= 260 – 247.10 = 12.90*1000= 12900.00 + 3600.00 = 16500.00
Rs.
Max Loss=Unlimited.
(2) CROMPTON GREAVES (189.60) LOT SIZE 2000 shares
Buy One Call Option of October
Strike Price 185@ 8.60 Rs.
Sell One Call Option of October
Strike Price 195@ 3.95 Rs.
Premium Paid = 8.60*2000 = 17200.00 Rs.
Premium Received= 3.95*2000 = 7900.00 Rs.
Net Premium Paid= 17200 – 7900 = 9300.00 Rs.
Maximum Profit = 195 - 185= 10*2000= 20000.00 – 9300.00 = 10700.00 Rs.
Maximum Loss= 9300.00 Rs.
Break Even= 189.65
Trading Idea
(1) LT (1604) Buy this stock in decline and trade.
.
(2) YES BANK
(773.20) Buy this stock in decline and trade.
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