BSE Sensex (19864.85) and Nifty (5948.75) closed up 1.8% and 1.6% respectively last week.Nifty Future December was quoting at 11.25 points premium.Nifty call option November 6000 was very active.Support for Sensex is at 19480. Resistance for Sensex is at 20270 .Support for Nifty is at 5840 and resistance at 6050..
Indian Stock market remains closed on 17th December because of Moharum.Leaders of European Union wil meet on 16th and 17th December to discuss euro-zone debt crisis.
SBI and Tata Steel added Open Interest in December series.Huge position was build up at SBI December Call Option Strike Price 2800.Good build up was also seen at Tata Steel December Call Option Strike Price 660.
Strategy for Futures Option players.
1)IDBI(161.15) Lot Size-2000 Shares
Buy One Call Option of December Strike Price 160.00@5.80 Rs
Sell One Call Option of December Strike Price 170@2.00 Rs.
Premium .Paid=5.80*2000=11600.00 Rs.
Premium Received=2.0*2000= 4000.00 Rs.
Net Premium Paid==11600.00-4000.00=7600.00 Rs.
Maximum Profit==170-160==10*2000=20000.00-7600.00=12400.00 Rs.
Maximum Loss= 7600.00 Rs.
Break Even Price=163.80
2)ICICI Bank(1104.50) December Future-Lot Size 250 shares.
Buy One Lot December Future @1104.50 Rs
Sell One Call Option of December Strike Price 1150@14.00 Rs.
Premium Received=14*250= 3500.00 Rs
Maximum Profit=1150.00-1104.50==45.50*250=11375..00 + 3500.00 =14875.00 Rs.
Max Loss=Unlimited.
Trend of Major Stocks
STOCK TREND Days WeeklyTrend MonthlyTrend
BHEL.NS Bearish 2 Rising Flat!
ICICIBANK.NS Bulllish 1 Falling Flat!
INFOSYSTC.NS Bulllish 2 Rising Flat!
ITC.NS Bulllish 1 Rising Flat!
MARUTI.NS Bearish 2 Falling Flat!
SBIN.NS Bulllish 1 Falling Flat!
TATASTEEL.NS Bulllish 4 Falling Flat!
TCS.NS Bulllish 2 Falling 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 2308.9 41.7 50.85 36.36
ICICIBANK.NS 1105.75 32.36 44.51 28.5
INFOSYSTC.NS 3293.3 56.19 70.54 16.69
ITC.NS 168.05 35.02 45.75 30.1
MARUTI.NS 1378 47.95 40.18 15.6
SBIN.NS 2762.95 38.52 40.12 29.73
TATASTEEL.NS 660.4 55.29 61.27 15.91
TCS.NS 1140.7 67.65 68.87 14.87
Trading Idea
1)TCS(1140.70)Buy this stock in decline and trade.
2)SAIL(188.25) Buy this stock in decline and trade
By
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