BSE Sensex (10048.49) and Nifty (3108.65) closed 12.1% and 10.7% up respectively last week. Nifty Put Call Ratio was 1.17. Nifty April 2700 Put Option was very active. .Support for Sensex is at 9350 and Nifty at 2900.Resistance for Sensex is at 10820 and Nifty is at 3320. Inflation was at 0.27 v/S 0.44 last week. Crude oil was at 52.50$.FIIs turned net buyers during the week but local funds and institutions remained sellers.Increasing fiscal deficit,flat to negative exports growth, no early signs of improvement in economy were major concerns.RNRL and Reliance Capital added Open Interest in April Series. PFC and Nagarjuna Construction shaded Open Interest.Huge position was build up at Ashok Leyland April Call Option Strike Price 20.Good build up was also seen at Arvind Mill April Call Option Strike Price 15. .
Tactics for Future Option players.
1)RPOWER(109.95) Lot Size-2000 Shares
Buy One Call Option of April Strike Price 110@7.50 Rs.
Sell One Call Option of April Strike Price 120@3.55 Rs.
Premium .Paid=7.50*2000=15000.00 Rs.
Premium Received=.3.55*2000=7100.00 Rs.
Net Premium Paid=15000-7100=7900.00 Rs.
Maximum Profit=120-110=10*2000=20000.00-7900.00=12100.00 Rs.
Maximum Loss=7900.00 Rs.
Break-even= 113.95
2)ASHOKLEYLAND(18.85) April Future-Lot Size 19100 shares.
Buy One Lot April Future @18.85 Rs.
Sell One Call Option of April Strike Price 20.00@0.85 Rs.
Premium Received=0.85*19100=16235.00 Rs.
Max Profit==20-18.85=1.15*19100=21965.00+16235.00=38200.00 Rs.
Max Loss=Unlimited.
Trading Idea
1)NTPC(182.10)Buy this Stock in decline and trade.
2)ALOKTEXTILES(12.45)Buy this Stock in decline and trade
Trend of Major Stocks
STOCK TREND Days WeeklyTrend MonthlyTrend
BHEL.NS Bulllish4RisingRising
ICICIBANK.NSBulllish5RisingFalling
INFOSYSTC.NSBearish1RisingRising
ITC.NS Bulllish5RisingRising
MARUTI.NS Bulllish2RisingRising
SAIL.NS Bulllish3RisingRising
SBIN.NS Bulllish5RisingFalling
TATASTEEL.NSBulllish12RisingRising
TCS.NS Bulllish2RisingRising
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 1549.866.7559.5920.11
ICICIBANK.NS385.258.0661.9723.42
INFOSYSTC.NS 1344.973.2161.7622.78
ITC.NS 186.357.7565.220.65
MARUTI.NS 768.570.0671.5647.32
SAIL.NS 102.867.3970.2526.87
SBIN.NS 1124.343.0764.230.69
TATASTEEL.NS223.274.2770.9826.25
TCS.NS 574.8578.570.1121.82
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