Bullet Advice For Indian Stocks Weekly –market awaits RNRL-RIL case verdict by supreme court.
BSE Sensex (17558.70) and Nifty (5278.00) closed down by 0.8% and 0.5% respectively last week.Nifty Future May was quoting at 15.20 points discount..Nifty Call Option May 5300 was very active.Support for Sensex is at 17320. Resistance for Sensex is at 17800 .Support for Nifty is at 5200 and resistance at 5350.
HDFC,Cipla,Idea Cellular,PNB,Dr.Reddy,JSW Steel and Lupin will announce Q4 results next week.Supreme Court may pronounce its verdict on RIL and RNRL gas sale dispute shortly.
SBI and Tata Steel added Open Interest in May series.Huge position was build up at IFCI May Call Option Strike Price 55.Good build up was also seen at IDBI Bank May Call Option Strike Price 130.
Strategy for Futures Option players.
1)Ashok Leyland(60.05) Lot Size-9550 Shares
Buy One Call Option of May Strike Price firstname.lastname@example.org Rs
Sell One Call Option of May Strike Price email@example.com Rs.
Premium .Paid=2.75*9550= 26262.50 Rs.
Premium Received=0.90*9550= 8595.00 Rs.
Net Premium Paid==26262.50-8595.00=17667.50 Rs.
Maximum Profit==65-60==5*9550=47750-17667.50=30082.50 Rs.
Maximum Loss= 17667.50 Rs.
Break Even Price=61.85
2)Cipla(344.05) May Future-Lot Size 1250 shares.
Buy One Lot May Future @344.05
Sell One Call Option of May Strike Price firstname.lastname@example.org Rs.
Premium Received=5.90*1250= 7375.00 Rs
Maximum Profit=360.00-344.05=15.95*1250=19937.50+7375.00=27312.50 Rs.
Trend of Major Stocks
STOCK TREND Days WeeklyTrend MonthlyTrend
BHEL.NS Bulllish 2 Falling Rising
ICICIBANK.NS Bulllish 2 Falling Rising
INFOSYSTC.NS Bulllish 1 Falling Rising
ITC.NS Bearish 2 Falling Rising
MARUTI.NS Bearish 5 Falling Falling
SBIN.NS Bulllish 2 Rising Rising
TATASTEEL.NS Bearish 4 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 2492.25 59.73 53.81 16.25
ICICIBANK.NS 951.95 45.1 52.45 10.84
INFOSYSTC.NS 2738.15 52.98 54.77 14.63
ITC.NS 265.85 51.52 51.95 16.83
MARUTI.NS 1279.7 28.95 34.1 38.68
SBIN.NS 2300.7 62.97 73.03 30.57
TATASTEEL.NS 618.85 56.2 39.15 22.1
TCS.NS 765.4 37.67 38.59 23.21
1)BPCL(517.50)Buy this stock in decline and trade.
2)IDBI(126.45) Buy this stock in decline and trade
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