Support become resistance and vice versa. Are you keeping eye on it?

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 NIFTY PSU BANK INDEX up 15% over last one month

BSE Sensex (61337.81) and NSE Nifty(18269.00) closed respectively last week.



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 BALRAMCHIN and PIIND added Open Interest in DECEMBER series.Huge position was build up at BALRAMCHIN call Option Strike Price 410.00 .Good build up was also seen at UPL call option Strike Price 770.



 
CHANGE IN OPEN INTEREST % CHANGE
                                               
GAIL            2,564    17.29                    
 

ONGC          3,987    16.31                                  



 Future OptionTrading Strategies

 

(1) COLPAL (1586.95) Future-Lot Size 350 shares.
Buy One Lot DECEMBER Future @1586.95 Rs.
Sell One Call Option DECEMBER strike price 1600.00@ 20.00 Rs     
Premium Received = 20*350 = 7000.00 Rs
 Maximum Profit= 1600.00 – 1586.95 = 13.05 *350 = 1840 +8800 = 4567.50 Rs.
Max Loss=Unlimited.

    
(2) TATAMOTORS (421.60) LOT SIZE 1425 shares
Buy One Call Option of DECEMBER Strike Price  420@ 8.40 Rs.
Sell One Call Option of DECEMBER Strike Price 425.00 @ 6.40 Rs.
Premium Paid = 8.40*1425= 11970.00
Premium Received = 6.40 *1425 = 9120.00
 Net Premium Paid = 11970.00 - 9120.00  = 2850.00 Rs.
Maximum Profit = 425.00 – 420.00 = 5*1425= 7125.00 – 2850.00 = 4275.00 Rs.
Maximum Loss = 2850.00 Rs.
Break Even = 422.00
     

 

Trading Idea
    
 (1) PIIND (3520.20) Buy this stock in decline and trade.

 (2) COFORGE (3952.60) Buy this stock in decline and trade.    
    
    
    
    By

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