Bullet Advice For Indian Stocks Weekly- result season ahead will decide the trend
BSE Sensex (13504.2) and Nifty (4003.90) closed 9.4% and 9.5 % down respectively
last week.Nifty OI put call ratio was 0.83.Nifty Future July was quoting at 10.20 points discount.Nifty Call Option July 4200 was very active.Support for Sensex is at 12350 and Nifty at 3650.Resistance for Sensex is at 14595 and Nifty is at 4330.Crude oil was at 59.66 $.
Union Budget presented on 6th July 2009 by Finance Minister Pranab Mukharjee without any major announcement of liberalization policy disappointed the market players.Higher than expected fiscal deficit and fears of countrys rating downgrade to junk by Standard and Poors made investors nervous.
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RIL and ICICI Bank added Open Interest in July series..JPHYDRO and TTML shaded Open Interest.Huge position was build up at Infosys July Call Option Strike Price 1740.Good build up was also seen at Suzlon July Call Option Strike Price 90.
Tactics for Future Option players.
1)ITC(210.60) Lot Size-1125 Shares
Buy One Call Option of July Strike Price 210@4.15 Rs.
Sell One Call Option of July Strike Price 220@2.05 Rs.
Premium .Paid=4.15*1125= 4668.75 Rs.
Premium Received=.2.05*1125=2306.25 Rs.
Net Premium Paid=4668.75-2306.25= 2362.50 Rs.
Maximum Profit=220-210=10*1125=11250-2362.50=8887.50 Rs.
Maximum Loss=2362.50 Rs.
Break Even Price=212.10
2)TCS(393.15) July Future-Lot Size 1000 shares.
Buy One Lot July Future @393.15
Sell One Call Option of July Strike Price 420@8.20 Rs.
Premium Received=8.20*1000=8200.00 Rs
Maximum Profit=420-393.15=26.85*1000=26850+8200=35050.00 Rs.
Max Loss=Unlimited.
Trend of Major Stocks
STOCK TREND Days WeeklyTrend MonthlyTrend
BHEL.NS Bearish5FallingFalling
ICICIBANK.NS Bearish5FallingFalling
INFOSYSTC.NSBulllish1FallingRising
ITC.NS Bulllish6RisingRising
MARUTI.NS Bulllish4FallingFalling
SBIN.NS Bearish5FallingRising
TATASTEEL.NSNeutral 1FallingRising
TCS.NS Bulllish2FallingFalling
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.NS1985.9526.4240.6124.27
ICICIBANK.NS628.8535.5144.5918.29
INFOSYSTC.NS1721.1546.648.8268.08
ITC.NS210.661.6261.5923.25
MARUTI.NS1103.650.7460.9615.35
SBIN.NS1543.6545.7446.325.84
TATASTEEL.NS352.939.2139.2117.91
TCS.NS395.1548.6434.3743.73
Trading Idea
1)Dabur(131.20)Buy this stock in decline and trade.
2)Maruti(1103.60) Buy this stock in decline and trade.
By
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.Most preferred paid subscription stocktips calls website of India.Excellent success ratio of more than 90% with superb trading ideas.
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