Saturday, June 18, 2011

indices shed 2% on Greece's debt crisis

BSE Sensex (17870.53) and Nifty (5366.40) closed down .2.2% and 2.21% respectively last week.Nifty Future June was quoting at 6.30 points premium.Nifty call option June 5400 was very active.Support for Sensex is at 17500. Resistance for Sensex is at 18200 .Support for Nifty is at 5250 and resistance at 5470..
Power Finance Corporation and Zee Entertaintment will declare the quarterly results next week. Federal Reserve holds its next policy meeting on Tuesday, 21 June 2011
RIL and TATA STEEL added Open Interest in June series.Huge position was build up at TATA STEEL June Call Option Strike Price 580.Good build up was also seen at RIL June Call Option Strike Price 900.
Strategy for Futures Option players.

1)IDEA(77.65) Lot Size-4000 Shares
Buy One Call Option of June Strike Price 75.00@2.80 Rs
Sell One Call Option of June Strike Price 80.00@0.90 Rs.
Premium .Paid=2.80*4000=11200.00 Rs.
Premium Received=0.90*4000= 3600.00 Rs.
Net Premium Paid==11200.-3600=7600.00 Rs.
Maximum Profit==80.00-75.00=5*4000=20000-7600=12400.00 Rs.-
Maximum Loss= 7600.00 Rs.
Break Even Price=76.90


2)TATA STEEL(572.55) Future-Lot Size 500 shares.
Buy One Lot June Future @572.55Rs
Sell One Call Option of June Strike Price 580@8.20 Rs.
Premium Received=8.20*500=4100.00 Rs
Maximum Profit=580.00-572.55=7.45*500=3725.00+4100.00=7825.00 Rs.
Max Loss=Unlimited.
Trend of Major Stocks
STOCK TREND Days WeeklyTrend MonthlyTrend

BHEL.NS Bulllish 2 Rising Rising
ICICIBANK.NS Bearish 3 Falling Falling
ITC.NS Bearish 1 Falling Rising
TATASTEEL.NS Bulllish 1 Rising Falling
TCS.NS Bearish 3 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 1937.2 36.64 44.62 33.59
ICICIBANK.NS 1032.2 52.35 44.02 16.54
ITC.NS 191.75 38.82 51.44 15.9
TATASTEEL.NS 573.05 55.11 48.53 13.67
TCS.NS 1109.2 52.85 36.95 13.39









Trading Idea
1)IOB(149.40)Buy this stock in decline and trade.
2)HPCL(382.40) Buy this stock in decline and trade






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