Bullet Advice For Indian Stocks Weekly-market down on profit booking at higher level
BSE Sensex (15160.24) and Nifty (4481.40) closed 3.3% and 3.31% down respectively last week.Nifty Future August was quoting at 14.40 points discont.Nifty Call Option August 4700 was very active.Support for Sensex is at 14520 and Nifty at 4290.Resistance for Sensex is at 15740 and Nifty is at 4650.Crude oil was at 71.56 $.
Market saw profit booking at higher levels.Concerns about not so satisfactory progress of monsoon forced the players to book profit.Initial Public Offer of NHPC which opened on 7th August 2009 received very good response on the day one.
RIL and Tata Steel added Open Interest in August series..Ispat Industries and Ashok Leyland shaded Open Interest.Huge position was build up at RIL August Call Option Strike Price 2010.Good build up was also seen at Suzlon August Call Option Strike Price 90.
Tactics for Future Option players.
1)Reliance(1997.75) Lot Size-150
Buy One Call Option of August Strike Price 2010@72.10 Rs.
Sell One Call Option of August Strike Price 2130@32.95 Rs.
Premium .Paid=72.10*150=10815.00 Rs.
Premium Received=32.95*150=4942.50 Rs.
Net Premium Paid=10815-4942.50= 5872.50 Rs.
Maximum Profit==2130-2010=120*150=18000-5872.50=12127.50 Rs.
Maximum Loss=5872.50 Rs.
Break Even Price=2049.15
2)Sail(165.80) August Future-Lot Size 1350 shares.
Buy One Lot August Future @165.80
Sell One Call Option of August Strike Price 180@4.20 Rs.
Premium Received=4.20*1350=5670.00 Rs
Maximum Profit=180-165.8==14.20*1350=19170.00+5670.00=24840.00 Rs.
Max Loss=Unlimited.
Trend of Major Stocks
STOCK TREND Days WeeklyTrend MonthlyTrend
BHEL.NS Bearish 3 Falling Falling
ICICIBANK.NS Bearish 2 Falling Falling
INFOSYSTC.NS Bearish 2 Falling Rising
ITC.NS Bearish 3 Falling Rising
MARUTI.NS Bearish 3 Falling Rising
SBIN.NS Bearish 2 Falling Falling
TATASTEEL.NS Bearish 3 Rising Rising
TCS.NS Bearish 3 Rising Rising
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 2183.2 47.03 48.33 17.03
ICICIBANK.NS 738.1 55.2 50.74 16.37
INFOSYSTC.NS 2039.65 70.44 59.15 59.99
ITC.NS 229.6 67.08 49.02 72
MARUTI.NS 1293.4 70.91 51.93 39.67
SBIN.NS 1743.3 57.69 52.41 20.73
TATASTEEL.NS 456.5 59.19 55.99 24.71
TCS.NS 509.1 78.9 56.08 29.11
Trading Idea
1)Lupin(972.50)Buy this stock in decline and trade.
2)Bombay Dyeing(360) Buy this stock in decline and trade.
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By
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