BSE Sensex (18266.10) and Nifty (5476.10) closed down .0.3% and 0.2% respectively last week.Nifty Future June was quoting at 4.75 points discount.Nifty call option June 5500 was very active.Support for Sensex is at 17930. Resistance for Sensex is at 18620 .Support for Nifty is at 5400 and resistance at 5560..
The India Meteorological Department has predicted a normal monsoon..Sun Pharma,Unitech,Lanco Infra,Central Bank,Hindalco,RCOM,ONGC and BPCL will announce quarterly results next week.
Tata Motors and SBI added Open Interest in June series.Huge position was build up at Tata Motors June Call Option Strike Price 1150.Good build up was also seen at Tata Steel June Call Option Strike Price 580.
Strategy for Futures Option players.
1)Tata Steel(584.30) Lot Size-500 Shares
Buy One Call Option of June Strike Price 580@20.70 Rs
Sell One Call Option of June Strike Price 600.00@12.15 Rs.
Premium .Paid=20.70*500=10350.00 Rs.
Premium Received=12.15*500= 6075.00 Rs.
Net Premium Paid==10350.00-6075.00=4275.00 Rs.
Maximum Profit==600-580=20*500=10000-4275=5725.00 Rs.-
Maximum Loss= 4275.00 Rs.
Break Even Price=588.55
2)ICICI Bank(1060.05) Future-Lot Size 250 shares.
Buy One Lot June Future @1060.05 Rs
Sell One Call Option of June Strike Price 1100@19.00 Rs.
Premium Received=19*250=4750.00 Rs
Maximum Profit=1100.00-1060.05=39.95*250=9987.50+4750.00=14737.50 Rs.
Max Loss=Unlimited.
Trend of Major Stocks
STOCK TREND Days WeeklyTrend MonthlyTrend
BHEL.NS Bulllish 1 Falling Rising
ICICIBANK.NS Bulllish 2 Falling Rising
ITC.NS Bulllish 1 Falling Rising
TATASTEEL.NS Bulllish 2 Falling Falling
TCS.NS Neutral 1 Falling Falling
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 1933 39.63 37.88 33.58
ICICIBANK.NS 1072.7 42.06 53.76 23.18
ITC.NS 189.3 44.77 54.23 14.02
TATASTEEL.NS 584.3 42.77 48.5 23.71
TCS.NS 1141.5 52.58 48 11.48
Trading Idea
1)Educomp(478.50Buy this stock in decline and trade.
2)HPCL(374) Buy this stock in decline and trade
By
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