Bullet Advisory Indian Stocks Weekly-market will remain volatile due to political uncertainty.
BSE Sensex (11876.43) and Nifty (3620.70) closed 4.1% and 4.2% up respectively last week. Nifty OI Put Call Ratio was 1.11. Nifty Future May was quoting at six points premium.Nifty Call Option May 3700 was very active.Support for Sensex is at 11500 and Nifty at 3490.Resistance for Sensex is at 12200 and Nifty is at 3730.Inflation was at 0.70 v/s 057% last week.Crude oil was at 58.50$.
FIIs remained net buyers in the market.Counting of votes for general elections will take place on 16th may 2009.Neither UPA nor BJP will have a clear majority as the trend suggests.
ICICI Bank and TATASTEEL added Open Interest in May Series.RIL and SBI shaded Open Interest.Huge position was build up at RIL May Call Option Strike Price 1920.Good build up was also seen at SBI May Call Option Strike Price 1350. .
Tactics for Future Option players.
1)Ispat Industries(16.30) Lot Size-24900
Buy One Call Option of May Strike Price 15@2.30 Rs.
Sell One Call Option of May Strike Price 20 @0.70 Rs.
Premium .Paid=2.30*24900=57270.00 Rs.
Premium Received=.0.70*24900=17430.00 Rs.
Net Premium Paid=-57270.00-17430.00 Rs.=39840.00 Rs.
Maximum Profit=20-15 =5*24900=124500.00-398400.00=84660.00 Rs.
Maximum Loss=39840.00 Rs.
Break Even Price=16.60
2)Neyveli Lignite(104.65) May Future-Lot Size 5900 shares.
Buy One Lot May Future @104.65 Rs.
Sell One Call Option of May Strike Price 110@4.95 Rs.
Premium Received=4.95*5900=29205.00 Rs
Maximum Profit=110-104.65=5.35*5900=31565.00 +29205.00=60770.00 Rs.
Max Loss=Unlimited.
Trading Idea
1)ABAN(454.95)Buy this Stock in decline and trade
2)NDTV(113.05)Buy this Stock in decline and trade
Trend of Major Stocks
STOCK TREND Days WeeklyTrend MonthlyTrend
BHEL.NS Bearish1FallingRising
ICICIBANK.NSBearish1RisingRising
INFOSYSTC.NSBearish2RisingRising
ITC.NS Bearish3FallingRising
MARUTI.NS Bulllish2FallingRising
SBIN.NS Bearish1RisingRising
TATASTEEL.NSBulllish5RisingRising
TCS.NS Bearish3RisingRising
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 1646.4563.3254.4127.53
ICICIBANK.NS520.7565.762.5332.14
INFOSYSTC.NS1520.753.6260.9634.3
ITC.NS 188.450.5150.617.37
MARUTI.NS 828.368.6857.6829.97
SBIN.NS 1324.5564.9159.529.16
TATASTEEL.NS282.459.8360.2633.79
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