BSE Sensex (18799.66) and Nifty (5640.05) closed up 3.2% and 2.9% respectively last week.Nifty Future September was quoting at 8.20 points discount.Nifty Put Option September 5600 was very active.Support for Sensex is at 18430. Resistance for Sensex is at 19200 .Support for Nifty is at 5530 and resistance at 5760..
RBI will review the monetary policy on 16th September 2010.Coal India is expected to raise about $3 billion from IPO in October.
SBI and Tata Steel added Open Interest in September series.Huge position was build up at IDBI September Call Option Strike Price 140.Good build up was also seen at SBI September Call Option Strike Price 3000.
Strategy for Futures Option players.
1)IDBI(139.75) Lot Size-2000 Shares
Buy One Call Option of September Strike Price 140@4.85 Rs
Sell One Call Option of September Strike Price 150@1.75 Rs.
Premium .Paid=4.85*2000= 9700.00.00 Rs.
Premium Received=1.75*2000= 3500.00 Rs.
Net Premium Paid==9700.-3500=6200.00 Rs.
Maximum Profit==150-140.00==10*2000=20000.00-6200.00=13800.00 Rs.
Maximum Loss= 6200.00 Rs.
Break Even Price=143.10
2)Bank India(491.90) September Future-Lot Size 1000 shares.
Buy One Lot September Future @491.90 Rs
Sell One Call Option of September Strike Price 500@13.00 Rs.
Premium Received=13*1000= 13000.00 Rs
Maximum Profit=500-491.90=8.10*1000=8100.00+ 13000.00=21100.00 Rs.
Max Loss=Unlimited.
Trend of Major Stocks
STOCK TREND Days WeeklyTrend MonthlyTrend
BHEL.NS Bulllish 4 Falling Falling
ICICIBANK.NS Bulllish 1 Rising Rising
INFOSYSTC.NS Bulllish 7 Rising Falling
ITC.NS Bearish 2 Rising Falling
MARUTI.NS Bulllish 9 Rising Rising
SBIN.NS Bulllish 4 Falling Rising
TATASTEEL.NS Bulllish 10 Rising Rising
TCS.NS Bulllish 4 Falling Rising
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 2477.2 48.17 54.48 10.41
ICICIBANK.NS 1050.2 56.73 66.47 34.82
INFOSYSTC.NS 2895 64.19 62.6 15.97
ITC.NS 162.35 68.79 30.82 53.26
MARUTI.NS 1360 67.63 71.7 21.44
SBIN.NS 2984.05 65.59 73 42.05
TATASTEEL.NS 593.65 67.09 72.56 24.93
TCS.NS 874.7 51.69 58.39 14.28
Trading Idea
1)Orient Bank(455.45)Buy this stock in decline and trade.
2)SBI(2984.05) Buy this stock in decline and trade
By
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