Bullet Advisory Analyses Indian Stock Market NSE Future Stocks
Bullet Advice For Indian Stocks Weekly market will look forward to global indices to stabilize
BSE Sensex (15790.90) and Nifty (4718.65) closed down by 3.5% and 3.0% respectively last week.Nifty Future February was quoting at 10.40 points discount.Nifty Call Option February 4900 was very active.Support for Sensex is at 15490. Resistance for Sensex is at 16320 .Nifty has support at 4620 and resistance at 4880.
National Stock Exchange(NSE) and Bombay Stock Exchange(BSE) will remain open for trading on Saturday 6th February from 11 to 12.30 p.m Union Budget will be presented in Lok Sabha on 26 February 2010.
RIL and Tata Steel added Open Interest in February series.Huge position was build up at IFCI February Call Option Strike Price 50.Good build up was also seen at RNRL February Call Option Strike Price 65..
Strategy for Futures Option players.
1)IFCI(49.95) Lot Size-7880 Shares
Buy One Call Option of February Strike Price 50@ Rs.2.65 Rs
Sell One Call Option of February Strike Price 55@1.05 Rs.
Premium .Paid=2.65*7880= 20882.00 Rs.
Premium Received=1.05*7880= 8274.00 Rs.
Net Premium Paid==20882-8274=12608.00 Rs.
Maximum Profit==55-50==5*7880=39400--12608=26792.00Rs.
Maximum Loss= 12608.00Rs.
Break Even Price=51.60
Trend of Major Stocks
STOCK TREND Days WeeklyTrend MonthlyTrend
BHEL.NSBearish2FallingFalling
ICICIBANK.NSBearish1Flat!Flat!
INFOSYSTC.NSBearish1FallingFalling
ITC.NSBearish1Flat!Flat!
MARUTI.NSBearish2FallingFalling
SBIN.NSBearish2Flat!Flat!
TATASTEEL.NSBearish1Flat!Flat!
TCS.NSBearish2Flat!Flat!
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.NS2295.752.5841.3118.63
ICICIBANK.NS798.1536.339.8414.24
INFOSYSTC.NS2352.742.6231.7224.96
ITC.NS248.3549.8846.4714.07
MARUTI.NS1358.934.4532.3129.01
SBIN.NS1897.826.3526.0430.02
TATASTEEL.NS550.251.438.3527.81
TCS.NS723.550.3243.0914.4
Trading Idea
1)Asian Paints(1932.10)Buy this stock in decline and trade.
2)Lupin(1534) Buy this stock in decline and trade
3)Dabur(169.60)Buy this stock in decline and trade.
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Bullet Advisory Indian Stocks-India's top most no.1 best stockmarket advice blog,hot stocktips calls by expert technical analyst Narendra Nainani of India
Website http://www.narendranainani.blogspot.com
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IndianStockMarketTips .