Bullet Advice For Indian Stocks Weekly-market will take cue from the progress of monsoon.
BSE Sensex (14625.25) and Nifty (4448.95) closed 5.3% and 5.0% up respectively last week. Nifty OI Put Call Ratio was 1.00.Nifty Future June was quoting at 4.55 points premium.Nifty Call Option June 4500 was very active.Support for Sensex is at 13850 and Nifty at 4200.Resistance for Sensex is at 15500 and Nifty is at 4730.Crude oil was at 66.00$.
Market continued the gains after the thumbing majority of Congress in the union election.Market was enthused by the appointment of Pranab Mukherjee as a finance minister.FIIs remained net buyers Near normal progress of monsoon can affect the market.
Ashok Leyland and HPCL added Open Interest in June Series.Bharati Airtel and Vijaya Bank shaded Open Interest.Huge position was build up at Tata Steel June Call Option Strike Price 400.Good build up was also seen at NTPC June Call Option Strike Price 210.
Tactics for Future Option players.
1)AshokLeyland(32.40) Lot Size-19100
Buy One Call Option of June Strike Price 32.50 @2.00 Rs.
Sell One Call Option of June Strike Price 35 @1.45 Rs.
Premium .Paid=2*19100=38200.00 Rs.
Premium Received=.1.45*19100=27695.00 Rs.
Net Premium Paid=38200-27695.=10505.00 Rs.
Maximum Profit=35-32.50=2.50*19100=477750-10505=37245.00 Rs.
Maximum Loss=10505.00 Rs.
Break Even Price=33.05.
2)Petronet(69.60) June Future-Lot Size 8800 shares.
Buy One Lot JuneFuture @69.60 Rs.
Sell One Call Option of June Strike Price 75@4.25 Rs.
Premium Received=4.25*8800=37400.00 Rs
Maximum Profit=75-69.60=5.40*8800=47520.00+37400=84920.00 Rs.
Max Loss=Unlimited.
Trading Idea
1)ABB(650.95)Buy this Stock in decline and trade
2)Hotel Leela(31.05)Buy this Stock in decline and trade
Trend of Major Stocks
STOCK TREND Days WeeklyTrend MonthlyTrend
BHEL.NS Bulllish3RisingRising
ICICIBANK.NSNeutral 3RisingRising
INFOSYSTC.NSBulllish4RisingRising
ITC.NS Neutral2FallingRising
MARUTI.NS Bulllish1RisingRising
SBIN.NS Bulllish2RisingRising
TATASTEEL.NSBulllish1RisingRising
TCS.NS Bulllish3RisingRising
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 2178.1561.1971.5141.35
ICICIBANK.NS740.15 62.969.0743.91
INFOSYSTC.NS1605.1 38.7857.7934.76
ITC.NS 183.65 33.4646.6624.84
MARUTI.NS 1027.164.9769.7838.72
SBIN.NS 1868.8559.2676.8138.84
TATASTEEL.NS405.35 60.1777.9641.42
TCS.NS 704.6 36.7362.0935.72
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