Bullet Advice For Indian Stocks Weekly ""Foreign Funds drive the rally
BSE Sensex (16264.30) and Nifty (4829.55) closed up by more than 3% each last week.Nifty Future September was quoting at 18.05 points premium.Nifty Call Option September 4900 was very active.Support for Sensex is at 15800 and Nifty at 4700.Resistance for Sensex is at 16800 and Nifty is at 5000.Crude oil was at 69.29 $.
Late recovery on the monsoon front and expected GDP growth of 8% in year 2010-2011 increased the commitments from FII"s.Easing liquidity also helped the Indices to climb new highs.
RIL and ICICI Bank added Open Interest in September series.Vijaya Bank and ONGC shaded Open Interest.Huge position was build up at ICICI Bank September Call Option Strike Price 840.Good build up was also seen at Hinadlco September Call Option Strike Price 120..
Tactics for Future Option players.
1)RNRL(88.35) Lot Size-3576
Buy One Call Option of September Strike Price 85@ Rs.6.60
Sell One Call Option of September Strike Price 95@2.55 Rs.
Premium .Paid=6.60*3576=.23601.60 Rs.
Premium Received=2.55*3576=9118.80 Rs.
Net Premium Paid=23601.60-9118.80= 14482.80 Rs.
Maximum Profit==95-85=10*3576=35760-14482.80=21277.20 Rs.
Maximum Loss=14482.50 Rs.
Break Even Price=89.05
2)SBI(1933.80) September Future-Lot Size 132 shares.
Buy One Lot September Future @1933.80
Sell One Call Option of September Strike Price 1980@28.50 Rs.
Premium Received=28.50*132=3762.00 Rs
Maximum Profit=1980-1933.80=46.20*132==6098.40+3762.00=9860.40 Rs.
Max Loss=Unlimited.
Trend of Major Stocks
STOCK TREND Days WeeklyTrend MonthlyTrend
^BSESNNeutral 1FallingFalling
^NSEI Neutral 1RisingFalling
ABB.NSBearish 4FallingFalling
BHEL.NSBulllish 4FallingFalling
CAIRN.NS Bearish 2RisingRising
IDBI.NSBearish 2FallingFalling
IDEA.NSBearish 4FallingFalling
LITL.NSNeutral 1FallingFalling
Technical indicators of major Stocks
PV=Price Volume Break Out
MFI=Money Flow Index
RSI=Relative Strength Index
ADX=Directional Momentum Index
STOCK PV MFI-21 RSI-14 ADX-14
^BSESNLoser63.6863.2217.47
^NSEINeutral-64.1817.11
ABB.NSNeutral75.5755.4525.7
BHEL.NSLoser62.6952.2710.91
CAIRN.NS Neutral61.758.5728.07
IDBI.NSLoser64.3252.5918.12
IDEA.NSLoser62.0544.8710.24
LITL.NSLoser54.5353.8314.81
Trading Idea
1)Auro Pharma(702.75)Buy this stock in decline and trade.
2)GTL(398) Buy this stock in decline and trade.
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