BSE Sensex (17955.82) and Nifty (5393.90) closed up 0.7% and 0.8% respectively last week.Nifty Future July was quoting at 7.10 points premium..Nifty Call Option July 5400 was very active.Support for Sensex is at 17820. Resistance for Sensex is at 18130 .Support for Nifty is at 5345 and resistance at 5450.
Monsoon rains were 24% below normal last week.HDFC Bank,Kotak Mahindra Bank,ACC,ITC,Idea Cellular,PNB,Bajaj Auto,BHEL,Wipro and Maruti will announce Q1 results next week.
TCS and IFCI added Open Interest in July series.Huge position was build up at IFCI July Call Option Strike Price 60.Good build up was also seen at TCS July Call Option Strike Price 820.
Strategy for Futures Option players.
1)TCS(830) Lot Size-500 Shares
Buy One Call Option of July Strike Price 820@20.00 Rs
Sell One Call Option of July Strike Price 840@10.00 Rs.
Premium .Paid=20*500= 10000.00.00 Rs.
Premium Received=10*500= 5000.00 Rs.
Net Premium Paid==10000.00-5000.00=5000.00 Rs.
Maximum Profit==840-820==20*500=10000.00-5000.00=5000.00 Rs.
Maximum Loss= 5000.00 Rs.
Break Even Price=830.00
2)LIC Housing(1065.50) July Future-Lot Size 250 shares.
Buy One Lot July Future @1065.50 Rs
Sell One Call Option of July Strike Price 1080@20.10 Rs.
Premium Received=20.10*250= 5025.00 Rs
Maximum Profit=1080.00-1065.50=14.50*250=3625.00+ 5025.00=8650.00 Rs.
Max Loss=Unlimited.
Trend of Major Stocks
STOCK TREND Days WeeklyTrend MonthlyTrend
BHEL.NS Bearish 2 Rising Rising
ICICIBANK.NS Bulllish 1 Rising Falling
INFOSYSTC.NS Bearish 3 Falling Rising
ITC.NS Bearish 1 Falling Rising
MARUTI.NS Bearish 5 Falling Rising
SBIN.NS Neutral 1 Rising Rising
TATASTEEL.NS Bearish 1 Rising Falling
TCS.NS Bulllish 2 Rising Falling
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 2437.85 68.66 55.11 15.87
ICICIBANK.NS 901 51.25 58.53 13.29
INFOSYSTC.NS 2786 55.45 52.58 16.59
ITC.NS 298 64.77 53.01 18.77
MARUTI.NS 1378.5 47.18 50.37 42.68
SBIN.NS 2448 56.74 65.91 33.88
TATASTEEL.NS 507.5 63.55 55.27 20.54
TCS.NS 830.8 64.88 68.26 14.12
Trading Idea
1)Kotak Mahindra Bank(784.35)Buy this stock in decline and trade.
2)Edelweiss(516.60) Buy this stock in decline and trade
By
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