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Mumbai: NSE will add 6 stocks to the F&O segment from March series, the exchange said in a notification on Tuesday. These include
Alembic Pharmaceuticals, City Union Bank,
Granules India, Gujarat Gas, L&T Technology Services and
Mphasis. The futures and options contracts on these six securities would be available for trading with effect from February 26, the exchange said.
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Buy Tata Power Feb 80 Call at Rs 3.9 & simultaneously sell Feb 85 Call at Rs 2.50 Lot Size 13500 Cost of the strategy Rs 1.4 (Rs 18900 per strategy) Maximum profit Rs 48600 If Tata Power closes at or above 85 on 25 Feb expiry. Breakeven Point Rs 81.4
Rationale: Long build up was seen in the Tata Power Futures where we have seen 3 per cent rise in the Open Interest with price rising by 1 per cent. We have seen healthy rollover of 85 per cent to the February series with increase in rollover cost. The stock price has reached to a support of level of 50-day EMA. Primary trend of the stock is positive where it is trading above its 100 and 200 day EMA.
Know the contract specifications of steel futures
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Specifications
The unit size of the contract is 10 MT (metric tonnes), i.e., one lot of futures contract will consist of 10 MT of steel, and the price will be quoted in rupees per MT; tick size of the contract is set at ₹10. Note that, like any futures contract on other commodities, these are compulsory delivery contracts. The Final Settlement Price (FSP) will be the last spot price on the day of expiry and 20th of every month will be the expiry day. Trading hours will be between 9:00 AM and 9:00 PM from Monday to Friday. But on expiry day, the contract that expires on that day will be allowed to trade only until 5:00 PM.