Bullet Advice For Indian Stocks Weekly-RIL Q1 results may disappoint the market
BSE Sensex (15378.96) and Nifty (4568.55) closed 4.3% and 4.4 % up respectively last week.
.Nifty Future July was quoting at 9.45 points premium Nifty Call Option July 4600 was very active.Support for Sensex is at 14950 and Nifty at 4440.Resistance for Sensex is at 15820 and Nifty is at 4710.Crude oil was at 68.00 $.
Reliance Industries declared it’s Q1 result on 24th July 2009.Net profit was down by 11.5% to Rs.3636 Cr. compared to same period lasts year.The stock has weightage of 12% on Nifty.
RIL and Suzlon added Open Interest in July series..Hind Unilever and NTPC shaded Open Interest.Huge position was build up at RIL July Call Option Strike Price 2100.Good build up was also seen at Suzlon July Call Option Strike Price 100.
Tactics for Future Option players.
1)Suzlon(103.35) Lot Size-3000 Shares
Buy One Call Option of August Strike Price 105@11.60 Rs.
Sell One Call Option of August Strike Price 120@6.00 Rs.
Premium .Paid=11.60*3000= 34800.00 Rs.
Premium Received=.6*3000=18000.00 Rs.
Net Premium Paid=34800-18000= 16800.00 Rs.
Maximum Profit=120-105=15*3000=45000-16800=28200.00 Rs.
Maximum Loss=16800.00 Rs.
Break Even Price=110.60
2)Chambal Fertilizer(55.15) August Future-Lot Size 3450 shares.
Buy One Lot August Future @55.15
Sell One Call Option of August Strike Price 60@3.40 Rs.
Premium Received=3.40*3450=11730.00 Rs
Maximum Profit=60-55.15=4.85*3450=16732.50+11730.00=28462.50 Rs.
Max Loss=Unlimited.
Trend of Major Stocks
STOCK TREND Days WeeklyTrend MonthlyTrend
BHEL.NS Bulllish 1 Falling Falling
ICICIBANK.NS Bearish 1 Falling Falling
INFOSYSTC.NS Bulllish 2 Rising Rising
ITC.NS Bulllish 2 Falling Rising
MARUTI.NS Bulllish 2 Rising Falling
SBIN.NS Bearish 1 Falling Rising
TATASTEEL.NS Bulllish 9 Rising Rising
TCS.NS Neutral 2 Rising Falling
Technical indicators of major Stocks
MFI=Money Flow Index
RSI=Relative Strength Index
ADX=Directional Momentum Index
STOCK CLOSE MFI-21 RSI-14 ADX-14
BHEL.NS 2210.65 36.08 55.57 18.13
ICICIBANK.NS 767.55 49.93 56.99 17.26
INFOSYSTC.NS 2003.65 62.08 62.42 66.8
ITC.NS 232.2 74.71 50.14 61.44
MARUTI.NS 1378.25 81.45 78.89 24.06
SBIN.NS 1698.6 52.67 53.77 20.46
TATASTEEL.NS 442.5 66.25 58.16 18.06
TCS.NS 482 79.8 55.74 30.54
Trading Idea
1)InfosysTech(2003.65)Buy this stock in decline and trade.
2)Balaji Tele(48.35) Buy this stock in decline and trade.
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By
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