Rupee
dollar movement will dictate trend on the bourses
BSE Sensex (33679.24) and NSE Nifty(10389.70) closed respectively
last week.
IDFC and IDFCBANKBANK
added Open Interest in December series.Huge position was build up at
SUZLON December call
Option Strike Price 17.50.Good
build up was also seen at GMRINFRA call Option Strike Price 20.00.
Strategy for Futures Option players
(1)ASHOK LEYLAND (118.35) Future-Lot Size 7000 shares.
Buy One Lot December Future @ 118.35 Rs.
Sell One Call Option December strike price 120.00 @ 1.60 Rs
Premium Received = 1.60*7000 = 11200.00 Rs
Maximum Profit= 120.00 – 118.35 = 1.65*7000 = 11550 + 11200.00 = 22750.00 Rs.
Max Loss=Unlimited.
(2) GMR INFRA (18.70) LOT SIZE 45000 shares
Buy One Call Option of December Strike Price 17.50@1.85Rs.
Sell One Call Option of December Strike Price 20.00@ 0.85 Rs.
Premium Paid = 1.85*45000 = 83250.00 Rs.
Premium Received = 0.85*45000 = 38250.00 Rs.
Net Premium Paid = 83250.00 – 38250.00 = 45000.00 Rs.
Maximum Profit = 20.00 – 17.50 = 2.50*45000 = 112500.00 – 45000.00 = 67500.00 Rs.
Maximum Loss = 45000.00 Rs.
BREAKEVEN = 18.50
Trading Idea
(1) HIND PETRO (430.10) Buy this stock in decline and trade.
(2) INFY (1008) Buy this stock in decline and trade.
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1 comment:
After struggling for over a years time, M&M has finally broken out from a Multi Month Symmetrical Triangle pattern on the weekly charts.
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