Sunday, July 17, 2011

corporate results will dictate the trend

BSE Sensex (18561.92) and Nifty (5581.10) closed down .1.6% and 1.4% respectively last week.Nifty Future July was quoting at 9.90 points premium.Nifty call option July 5600 was very active.Support for Sensex is at 18280. Resistance for Sensex is at 18840 .Support for Nifty is at 5500 and resistance at 5650..
Chambal Fertilizer,HDFC Bank,Union Bank and Axis Bank will declare the quarterly results next week.
TCS and SBI added Open Interest in July series.Huge position was build up at TCS July Call Option Strike Price 1200.Good build up was also seen at SBI July Call Option Strike Price 2500.
Strategy for Futures Option players.

1)IDEA(81.25) Lot Size-4000 Shares
Buy One Call Option of July Strike Price 80.00@2.25 Rs
Sell One Call Option of July Strike Price 85.00@0.70 Rs.
Premium .Paid=2.25*4000=9000.00 Rs.
Premium Received=0.70*4000= 2800.00 Rs.
Net Premium Paid==9000.00-2800.00=6200.00 Rs.
Maximum Profit==85.00-80.00. =5*4000=20000.00-6200.=13800.00 Rs.-
Maximum Loss= 6200.00 Rs.
Break Even Price=81.55


2)Ashok Leyland(51.35) Future-Lot Size 4000 shares.
Buy One Lot July Future @51.35 Rs
Sell One Call Option of July Strike Price 55@0.45 Rs.
Premium Received=0.45*4000=1800.00 Rs
Maximum Profit=55.00-51.35=3.65*4000=14600.00 +1800.00=16400.00 Rs.
Max Loss=Unlimited.
Trend of Major Stocks
STOCK TREND Days WeeklyTrend MonthlyTrend

BHEL.NS Bearish 5 Falling Rising
ICICIBANK.NS Neutral 1 Falling Rising
ITC.NS Bearish 1 Falling Rising
TATASTEEL.NS Bearish 6 Falling Rising
TCS.NS Bulllish 1 Falling Rising















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 1926.9 49.68 42.5 22.87
ICICIBANK.NS 1060.2 57.96 49.03 14.9
ITC.NS 201.75 50.45 57.1 22.74
TATASTEEL.NS 573.2 46.57 44.45 14.88
TCS.NS 1146.6 52.72 47.77 14.61










Trading Idea
1)IOB(144.20)Buy this stock in decline and trade.
2)HPCL(403.50) Buy this stock in decline and trade






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