Bullet Advisory Indian Stocks Weekly-Market awaits Q4 results
BSE Sensex (11023.10) and Nifty (3384.40) closed 2.0% and 1.3% up respectively last week. Nifty OI Put Call Ratio was 1.92. Nifty Future April was quoting at 3 points discount.Nifty Call Option April 3400 was very active.Support for Sensex is at 10500 and Nifty at 3200.Resistance for Sensex is at 11350 and Nifty is at 3510.Crude oil was at 51.00$.
TechMahindra won the bid for 31% stake of Satyam at 58 Rs./share.Q4 results of Reliance Industries,Maruti and ACC will be declared next week.
DLF and CAIRN added Open Interest in April Series.RIL and SBI shaded Open Interest.Huge position was build up at Infosys April Call Option Strike Price 1410.Good build up was also seen at SBI April Call Option Strike Price 1290. .
Tactics for Future Option players.
1)INFOSYS TECH(1397.30) Lot Size-200 Shares
Buy One Call Option of April Strike Price 1410@35 Rs.
Sell One Call Option of April Strike Price 1470@16.30 Rs.
Premium .Paid=35*200=7000.00 Rs.
Premium Received=.16.30*200=3260.00 Rs.
Net Premium Paid=7000.00-3260.00=3740.00 Rs.
Maximum Profit=1470-1410=60*200=12000.00-3740.00=8260.00 Rs.
Maximum Loss=3740.00 Rs.
Break-even= 1428.70 Rs.
2)SBI(1311.75) April Future-Lot Size 264 shares.
Buy One Lot April Future @1311.75 Rs.
Sell One Call Option of April Strike Price 1350@38 Rs.
Premium Received=38*264=10032.00 Rs.
Max Profit==1350.00-1311.75=38.25*264=10098.00+10032.00=20130.00 Rs.
Max Loss=Unlimited.
Trading Idea
1)IDBI(61.45)Buy this Stock in decline and trade.
2)BPCL(388.25)Buy this Stock in decline and trade
Trend of Major Stocks
STOCK TREND Days WeeklyTrend MonthlyTrend
BHEL.NS Bulllish3RisingRising
ICICIBANK.NSNeutral 2RisingRising
INFOSYSTC.NSNeutral 1FallingRising
ITC.NS Bearish1RisingRising
MARUTI.NS Bearish1RisingRising
SBIN.NS Bulllish1RisingRising
TATASTEEL.NS Bearish2RisingRising
TCS.NS Bearish4FallingRising
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 1656.3 69.162.4223.37
ICICIBANK.NS440.85 80.6965.5619.96
INFOSYSTC.NS1397.3 65.3759.0923.15
ITC.NS 188.45 64.5956.8622.04
MARUTI.NS 836.282.3968.8957.7
SBIN.NS 1304.8 68.1969.8428.42
TATASTEEL.NS258.272.5162.5440.33
TCS.NS 573.176.2458.2829.61
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