BSE Sensex (19585.44) and Nifty (5890.30) closed down 2.8% and 3.0% respectively last week.Nifty Future November was quoting at 0.15 points discount.Nifty call option November 6000 was very active.Support for Sensex is at 19270. Resistance for Sensex is at 19800 .Support for Nifty is at 5780 and resistance at 5970..
Manganese Ore India IPO opens for bidding on 26th November,2010 and Shipping Corporation Of India FPO opens for bidding on 30th November 2010
SBI and Tata Steel added Open Interest in November series.Huge position was build up at SBI November Call Option Strike Price 3100.Good build up was also seen at Tata Steel November Call Option Strike Price 620.
Strategy for Futures Option players.
1)ITC(170.95) Lot Size-2000 Shares
Buy One Call Option of November Strike Price 170.00@2.35 Rs
Sell One Call Option of November Strike Price 180@0.50 Rs.
Premium .Paid=2.35*2000= .4700.00 Rs.
Premium Received=0.50*2000= 1000.00 Rs.
Net Premium Paid==4700.00-1000.00=3700.00 Rs.
Maximum Profit==180.00-170.00==10.00*2000=20000.00-3700.00=16300.00 Rs.
Maximum Loss= 3700.00 Rs.
Break Even Price=171.85
2)IDEA(74) November Future-Lot Size 4000 shares.
Buy One Lot November Future @74.00 Rs
Sell One Call Option of November Strike Price 75@1.30 Rs.
Premium Received=1.30*4000= 5200.00 Rs
Maximum Profit=75.00-74.00=1.00*4000=400.00 + 5200.00 =9200=00 Rs.
Max Loss=Unlimited.
Trend of Major Stocks
STOCK TREND Days WeeklyTrend MonthlyTrend
BHEL.NS Bearish 7 Flat! Flat!
ICICIBANK.NS Bearish 7 Flat! Flat!
INFOSYSTC.NS Bearish 5 Flat! Flat!
ITC.NS Bearish 7 Flat! Flat!
MARUTI.NS Bearish 1 Flat! Flat!
SBIN.NS Bearish 3 Flat! Flat!
TATASTEEL.NS Bearish 1 Flat! Flat!
TCS.NS Bearish 6 Flat! 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.NS 2253.25 22.29 25.18 24.23
ICICIBANK.NS 1148.7 53.23 43.18 24.29
INFOSYSTC.NS 2963.8 52.37 43.49 19.03
ITC.NS 170.95 56.77 45.45 19.52
MARUTI.NS 1405.4 54.34 36.52 20.17
SBIN.NS 2990.95 37.07 39.08 26
TATASTEEL.NS 606.05 46.87 45.78 19.73
TCS.NS 1015.4 61.2 45.65 16.91
Trading Idea
1)Power Grid(98.10)Buy this stock in decline and trade.
2)Lupin(490.10) Buy this stock in decline and trade
By
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