Saturday, April 9, 2011

Q4 earning of corporate will decides the trend

BSE Sensex (19451.45) and Nifty (5842) closed up 0.2% and 0.3% respectively last week.Nifty Future April was quoting at 17.60 points premium.Nifty call option April 5900 was very active.Support for Sensex is at 19130. Resistance for Sensex is at 19700 .Support for Nifty is at 5750 and resistance at 5900..
Market remains closed on 12th and 14th April because of Ram Navmi and Dr. Ambedkar Jayati respectively.Essar Oil,RIIL,DCB and Infosys will announce quarterly results next week.
L & T and SBI added Open Interest in April series.Huge position was build up at IFCI April Call Option Strike Price 60.Good build up was also seen at Tata Steel April Call Option Strike Price 640.
Strategy for Futures Option players.

1)LT(1683.80) Lot Size-125 Shares
Buy One Call Option of April Strike Price 1650.00@62.80 Rs
Sell One Call Option of April Strike Price 1700.00@38.00 Rs.
Premium .Paid=62.80*125=7850.00 Rs.
Premium Received=38*125= 4750.00 Rs.
Net Premium Paid==7850.00-4750.00=3100.00.00 Rs.
Maximum Profit==1700-1650==5*125=6250.00-3100.00.00=3150.00 Rs.
Maximum Loss= 3100.00 Rs.
Break Even Price=1674.80

2)ITC(186.20) Future-Lot Size 2000 shares.
Buy One Lot APRIL Future @186.20Rs
Sell One Call Option of APRIL Strike Price 190@2.45 Rs.
Premium Received=2.45*2000= 4900.00 Rs
Maximum Profit=190.00-186.20=3.80*2000=7600.00+4900.00=12500.00 Rs.
Max Loss=Unlimited.
Trend of Major Stocks
STOCK TREND Days WeeklyTrend MonthlyTrend

BHEL.NS Neutral 3 Rising Flat!
INFOSYSTC.NS Bearish 2 Rising Flat!
ITC.NS Neutral 1 Rising Flat!
TATASTEEL.NS Bearish 1 Rising Flat!
TCS.NS Bearish 2 Rising 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 2205 68.63 65.33 30.59
INFOSYSTC.NS 3226 68.54 59.56 25.96
ITC.NS 185.25 74.6 70.04 19.93
TATASTEEL.NS 629.35 68.75 56.19 19.57
TCS.NS 1193.2 55.89 59.98 27.19








Trading Idea
1)Dabur(102.10)Buy this stock in decline and trade.
2)Dish TV(68.45) Buy this stock in decline and trade






By
Bullet Advisory Indian Stocks-India's Top Most No.1 Best Stock Market Advice Blog,Hot Stock Tips Calls by Expert Technical Analyst Narendra Nainani of India.Most Preferred and Successful Paid Subscription Stock Tips Calls Website of India.Excellent Success Ratio of more than 90% with Superb trading ideas.Most Successful Intraday Stock Future Calls Provider Service Indian Share Market.

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