Public sector oil marketing companies will remain in focus on fuel price revision expectation
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We can write it on the wall.
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BSE Sensex (26489.56) and NSE Nifty(8139.45) close down by 1.00 % and 1.50% respectively last week.
IFCI and TATA MOTORS added Open Interest in December series.Huge position was build up at IFCI December call Option Strike Price 30.00.Good build up was also seen at ADANI ENTERPRISE call Option Strike Price 75.00.
Strategy for Futures Option players
(1) GLENMARK (934.50) Future-Lot Size 700 shares.
Buy One Lot December Future @ 934.50 Rs.
Sell One Call Option December strike price 940.00 @ 17.75 Rs
Premium Received = 17.75*700 = 12425.00 Rs
Maximum Profit= 940.00 – 934.50 = 5.50*700 = 3850 + 12425 = 16275.00 Rs.
Max Loss=Unlimited.
(2) INFY (1004.45) LOT SIZE 500 shares
Buy One Call Option of December Strike Price 1000@ 20.00 Rs.
Sell One Call Option of December Strike Price 1020.00@ 10.50 Rs.
Premium Paid = 20.00*500 = 10000.00 Rs.
Premium Received = 10.50*500 = 5250.00 Rs.
Net Premium Paid = 10000.00 – 5250.00 = 4750.00 Rs.
Maximum Profit = 1020.00 – 1000.00 = 20.00*500 = 10000.00 – 4750.00 = 5250.00 Rs.
Maximum Loss = 4750.00 Rs.
Break Even = 1009.50
Trading Idea
(1) TCS (2284.80) Buy this stock in decline and trade.
(2) BIOCON (980.95) Buy this stock in decline and trade.
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1 comment:
Oil prices settled higher on Friday, notching gains for the week.
Crude Intraday Tips
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