Bullet Advice For Indian Stocks Weekly volatility may increase ahead of budget
BSE Sensex (16191.63) and Nifty (4844.90) closed up by 0.2% and 0.3% respectively last week.Nifty Future February was quoting at 3.10 points premium.Nifty Call Option February 4900 was very active.Support for Sensex is at 15975. Resistance for Sensex is at 16445 .
Railway Budget will be presented on 24th February 2010..Union budget for 2010-11 will be presented by the Government on 26th February,2010.
Bharti Airtel and Tata Steel added Open Interest in February series.Huge position was build up at RIL February Call Option Strike Price 1000.Good build up was also seen at Tata Steel February Call Option Strike Price 580..
Strategy for Futures Option players.
1)Tata Steel(560.75) Lot Size-764 Shares
Buy One Call Option of March Strike Price 560@ 30.40 Rs
Sell One Call Option of March Strike Price 580@19.30 Rs.
Premium .Paid=30.40*764= 23225.60 Rs.
Premium Received=19.30*764= 14745.20 Rs.
Net Premium Paid==23225.60-14745.20=8480.40 Rs.
Maximum Profit==580-560==20*764=15280.00-8480.40=6799.60 Rs.
Maximum Loss= 8480.40 Rs.
Break Even Price=571.10
2)Ranbaxy(446.90) March Future-Lot Size 800 shares.
Buy One Lot March Future @446.90
Sell One Call Option of March Strike Price 450@18.60 Rs.
Premium Received=18.60*800= 14880.00 Rs
Maximum Profit=450.00-446.90=3.1*800=2480.00+14880.00=17360.00 Rs.
Max Loss=Unlimited.
Trend of Major Stocks
STOCK TREND Days WeeklyTrend MonthlyTrend
BHEL.NSBearish1RisingFalling
ICICIBANK.NSBearish1Flat!Flat!
INFOSYSTC.NSBulllish9RisingFalling
ITC.NSBearish2Flat!Flat!
MARUTI.NSNeutral2RisingFalling
SBIN.NSBearish1Flat!Flat!
TATASTEEL.NSNeutral1Flat!Flat!
TCS.NSBearish1Flat!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.NS2351.1559.3249.0822.26
ICICIBANK.NS833.5545.2550.2411.24
INFOSYSTC.NS2532.443.7153.1316.64
ITC.NS248.549.8948.2516.27
MARUTI.NS135847.8140.932.44
SBIN.NS1905.332.7635.633.36
TATASTEEL.NS560.7551.5746.0827.7
TCS.NS750.5534.5752.4611.36
Trading Idea
1)Apollo Tyre(58.30)Buy this stock in decline and trade.
2)BRFL(207.35) Buy this stock in decline and trade
By
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