Saturday, February 27, 2010

Bullet Advisory Analyses Indian Share Market Future Stocks

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Bullet Advice For Indian Stocks Weekly –market gives thumps up to union budget
BSE Sensex (16429.55) and Nifty (4922.30) closed up by 1.5% and 2.4% respectively last week.Nifty Future March was quoting at 8.05 points premium.Nifty Call Option March 5000 was very active.Support for Sensex is at 16175. Resistance for Sensex is at 16675 .Support for Nifty is at 4840 and resistance at 5000.
Projection of lower fiscal deficit as a percentage of GDP in the coming years by Finance Minister during presentation of union budget helped to revive the sentiment in stock market..Stock Market will remain closed on 1st March 2010 on account of Holi.
Reliance Capital and SBI added Open Interest in March series.Huge position was build up at IFCI March Call Option Strike Price 50.Good build up was also seen at State Bank Of India March Call Option Strike Price 2000.
Strategy for Futures Option players.

1)Hindalco(162.65) Lot Size-3518 Shares
Buy One Call Option of March Strike Price 160@ 7.85 Rs
Sell One Call Option of March Strike Price 170@3.60 Rs.
Premium .Paid=7.85*3518= 27616.30 Rs.
Premium Received=3.60*3518= 12664.80 Rs.
Net Premium Paid==27616.30-12664.80=14951.50 Rs.
Maximum Profit==170-160==10*3518=35180-14951.50=20228.50Rs.
Maximum Loss= 14951.50 Rs.
Break Even Price=164.25
2)ICICI Bank(868.55) March Future-Lot Size 350 shares.
Buy One Lot March Future @868.55
Sell One Call Option of March Strike Price 880@11.45 Rs.
Premium Received=25.55*350= 8942.50 Rs
Maximum Profit=880-868.55=11.45*350=4007.50+8942.50=12950.00 Rs.
Max Loss=Unlimited.


Trend of Major Stocks
STOCK TREND Days WeeklyTrend MonthlyTrend
BHEL.NS Bearish 1 Rising Falling
ICICIBANK.NS Bulllish 2 Flat! Flat!
INFOSYSTC.NS Neutral 1 Rising Falling
ITC.NS Bearish 3 Flat! Flat!
MARUTI.NS Bulllish 3 Rising Falling
SBIN.NS Bulllish 1 Flat! Flat!
TATASTEEL.NS Bulllish 1 Flat! Flat!
TCS.NS Bearish 1 Flat! 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 2349.3 62.42 48.47 21.46
ICICIBANK.NS 872.15 61.15 60.47 13.3
INFOSYSTC.NS 2601.95 56.22 59.7 18.41
ITC.NS 232.25 21.13 30.02 18.83
MARUTI.NS 1459.95 48.98 60.62 28.79
SBIN.NS 1974.3 43.73 47.96 31.97
TATASTEEL.NS 574.35 55.67 49.98 21.47
TCS.NS 761.8 57.09 56.17 9.72


Trading Idea
1)Dena Bank(80.65)Buy this stock in decline and trade.
2)Reliance Capital(786.45) Buy this stock in decline and trade




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