Bullet Advisory Analyses Indian Stock Market Nifty Future Shares
Bullet Advice For Indian Stocks Weekly market may remain volatile ahead of F&O expiry
BSE Sensex (16859.63) and Nifty (5036) closed down by 4.0% and 4.11% respectively last week.Nifty Future January was quoting at 16.35 points discount.Nifty Call Option January 5100 was very active.Support for Sensex is at 16400. Resistance for Sensex is at 17500.Crude oil was at 75.34 $.
M&M,SBI,Hero Honda,Hindalco,Hindustan Uni Lever,Sail,DLF,Tata Steel and Sun Pharma will announce Q3 results next week.Market remains closed on 26th January 2010 on account of Republic Day.
RIL and SBI added Open Interest in January series.Huge position was build up at Reliance January Call Option Strike Price 1080.Good build up was also seen at Tata Steel January Call Option Strike Price 640..
Strategy for Futures Option players.
1)Tata Steel(624.55) Lot Size-764 Shares
Buy One Call Option of February Strike Price 620@ Rs.32.00 Rs
Sell One Call Option of February Strike Price 640@22.00 Rs.
Premium .Paid=32*764= 24448.00 Rs.
Premium Received=22*764= 16808.00 Rs.
Net Premium Paid==24448.00-16808.00=7640.00 Rs.
Maximum Profit==640-620==20*764=15280-7640=7640.00 Rs.
Maximum Loss= 7640.00 Rs.
Break Even Price=630
2)Hindalco(161) February Future-Lot Size 3518 shares.
Buy One Lot February Future @161
Sell One Call Option of February Strike Price 165@6.10 Rs.
Premium Received=6.10*3518= 21459.80 Rs
Maximum Profit=165-161==4*3518=14072+ 21459.80=35531.80 Rs.
Max Loss=Unlimited.
Trend of Major Stocks
STOCK TREND Days WeeklyTrend MonthlyTrend
BHEL.NSBulllish1FallingRising
ICICIBANK.NSBearish2Flat!Flat!
INFOSYSTC.NSBearish4FallingRising
ITC.NSBulllish1Flat!Flat!
MARUTI.NSBulllish5FallingFalling
SBIN.NSBearish2Flat!Flat!
TATASTEEL.NSBearish1Flat!Flat!
TCS.NSBearish4Flat!Flat!
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.NS2380.1566.2552.7516.54
ICICIBANK.NS840.754.2843.4812.05
INFOSYSTC.NS2575.661.1550.4832.01
ITC.NS249.159.0646.3515.65
MARUTI.NS144834.241.5621.9
SBIN.NS2087.3545.2830.8925.16
TATASTEEL.NS624.5563.8752.2425.63
TCS.NS757.8557.5853.823.58
Trading Idea
1)KSOil(72.45)Buy this stock in decline and trade.
2)PTC(113.40) Buy this stock in decline and trade
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