BSE Sensex (10803.86) and Nifty (3342.05) closed 4.4% and 4.1% up respectively last week. Nifty OI Put Call Ratio was 2.00. Nifty Future April was quoting at 18 points premium.Nifty Call Option April 3400 was very active.Support for Sensex is at 10350 and Nifty at 3190.Resistance for Sensex is at 11400 and Nifty is at 3550. Inflation was at 0.26 v/S 0.31 last week.Crude oil was at 51.00$.
Market rose as FIIs continued their furious buying.DIIs who had lent support to the market in March when FIIs were selling relentlessly on the other hand chose to book profits.Infosys Technologies will declare Q4 March 2009 results on 15th April 2009.
Reliance Industries and ICICI Bank added Open Interest in April Series.Essar Oil and REL shaded Open Interest.Huge position was build up at ICICI Bank April Call Option Strike Price 400.Good build up was also seen at NTPC April Call Option Strike Price 200. .
Tactics for Future Option players.
1)ICICI Bank(397.80) Lot Size-700 Shares
Buy One Call Option of April Strike Price 390@29.25 Rs.
Sell One Call Option of April Strike Price 440@11.45 Rs.
Premium .Paid=29.25*700=20475.00 Rs.
Premium Received=.11.45*700=8015.00 Rs.
Net Premium Paid=20475.00-8015.00=12460.00 Rs.
Maximum Profit=440-390=50*700=35000-12460=22540.00 Rs.
Maximum Loss=12460.00 Rs.
Break-even= 407.80 Rs.
2)UNITECH(41.60) April Future-Lot Size 9000 shares.
Buy One Lot April Future @41.60 Rs.
Sell One Call Option of April Strike Price 45@2.95 Rs.
Premium Received=2.95*9000=26550.00 Rs.
Max Profit==45-41.60=3.40*9000=30600.00+26550=57150.00 Rs.
Max Loss=Unlimited.
Trading Idea
1)SIEMENS(286.65)Buy this Stock in decline and trade.
2)YES Bank(62.65)Buy this Stock in decline and trade
Trend of Major Stocks
STOCK TREND Days WeeklyTrend MonthlyTrend
BHEL.NS Bearish2RisingRising
ICICIBANK.NSBulllish3RisingRising
INFOSYSTC.NSNeutral 1RisingRising
ITC.NS Neutral 1RisingRising
MARUTI.NS Neutral 1RisingRising
SAIL.NS Neutral1RisingRising
SBIN.NS Neutral3RisingRising
TATASTEEL.NSBulllish4RisingRising
TCS.NS Bulllish4RisingRising
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 1498.6567.854.2420.26
ICICIBANK.NS397.869.8262.2116.66
INFOSYSTC.NS142776.4467.5324.4
ITC.NS 187.1564.0958.822.55
MARUTI.NS 809.175.2573.0853.53
SAIL.NS 110.7568.0669.9336.48
SBIN.NS 1140.357.6260.5123.66
TATASTEEL.NS261.182.6873.8533.65
TCS.NS 602.5583.0767.930.55
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