year end profit booking by foreign funds continues

Bullet Advice For Indian Stocks Weekly
BSE Sensex (19508.89) and Nifty (5857.35) closed down 2.3% and 2.31% respectively last week.Nifty Future December was quoting at 17.45 points premium.Nifty call option November 5900 was very active.Support for Sensex is at 18980. Resistance for Sensex is at 20120 .Support for Nifty is at 5690 and resistance at 6045..
Foreign funds remained net sellers during the week.RBI policy meet will be held on 16th December 2010.
SBI and ICICI Bank 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 Reliance Industries December Call Option Strike Price 1020.
Strategy for Futures Option players.

1)Reliance(1023.90) Lot Size-250 Shares
Buy One Call Option of December Strike Price 1020.00@25.95 Rs
Sell One Call Option of December Strike Price 1040@17.70 Rs.
Premium .Paid=25.95*250= .6487.50 Rs.
Premium Received=17.70*250= 4425.00 Rs.
Net Premium Paid==6487.50-4425.00=2062.50 Rs.
Maximum Profit==1040.00-1020.00==20*250=5000.00-2062.50=2937.50 Rs.
Maximum Loss= 2062.50 Rs.
Break Even Price=1028.25

2)BHEL(2283.80) December Future-Lot Size 125 shares.
Buy One Lot December Future @2283.80 Rs
Sell One Call Option of December Strike Price 2300@33.00 Rs.
Premium Received=33*125= 4125.00 Rs
Maximum Profit=2300.00-2283.80=16.20*125=2025.00 + 4125.00 =6150=00 Rs.
Max Loss=Unlimited.
Trend of Major Stocks
STOCK TREND Days WeeklyTrend MonthlyTrend
BHEL.NS Bulllish 1 Rising Flat!
ICICIBANK.NS Bulllish 1 Falling Flat!
INFOSYSTC.NS Bearish 1 Rising Flat!
ITC.NS Bulllish 1 Rising Flat!
MARUTI.NS Bulllish 1 Falling Flat!
SBIN.NS Bearish 5 Falling Flat!
TATASTEEL.NS Bearish 3 Falling Flat!
TCS.NS Bearish 4 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 2287.8 32.57 48.82 39.76
ICICIBANK.NS 1117.1 26.83 44.79 24.12
INFOSYSTC.NS 3144.25 52.81 58.81 17.1
ITC.NS 170.3 33.06 48.78 28.35
MARUTI.NS 1413.25 47.5 46.79 15.98
SBIN.NS 2732.45 29.52 35.13 28.01
TATASTEEL.NS 619 40.03 50.83 19.4
TCS.NS 1074.9 58.49 54.73 15.11


Trading Idea
1)Wipro(450.95)Buy this stock in decline and trade.
2)Cairn(329.65) Buy this stock in decline and trade



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