Bullet Advisory Analyses Indian Stock Market NSE BSE Future Option Stocks
Bullet Advice For Indian Stocks Weekly –market keenly awaits RBI policy
BSE Sensex (17591.18) and Nifty (5262.60) closed down by 1.9% and 1.8% respectively last week.Nifty Future April was quoting at 5.5 points discount.Nifty Call Option April 5300 was very active.Support for Sensex is at 17250. Resistance for Sensex is at 17880 .Support for Nifty is at 5150 and resistance at 5350.
TCS ,Wipro,Axis Bank and Ranbaxy will announce Q4 results next week.RBI will announce monetary policy on 20th April 2010 .
RIL and ICICI Bank added Open Interest in April series.Huge position was build up at Unitech April Call Option Strike Price 80.Good build up was also seen at Tata Steel April Call Option Strike Price 700.
Strategy for Futures Option players.
1)Wipro(722.10) Lot Size-600 Shares
Buy One Call Option of April Strike Price 720@ 17.00 Rs
Sell One Call Option of April Strike Price email@example.com Rs.
Premium .Paid=17*600= 10200.00 Rs.
Premium Received=8.80*600= 5280.00 Rs.
Net Premium Paid==10200.00-5280.00=4920.00 Rs.
Maximum Profit==740-720==20*600=12000.00-4920.00=7080.00 Rs.
Maximum Loss= 4920.00 Rs.
Break Even Price=728.20
2)HDFC Bank(1960.75) April Future-Lot Size 200 shares.
Buy One Lot April Future @1960.75
Sell One Call Option of April Strike Price firstname.lastname@example.org Rs.
Premium Received=23.50*200= 4700.00 Rs
Maximum Profit=2000-1960.75=39.25*200=7850.00+4700.00=12550.00 Rs.
Trend of Major Stocks
STOCK TREND Days WeeklyTrend MonthlyTrend
BHEL.NS Bearish 2 Rising Falling
ICICIBANK.NS Bearish 4 Falling Rising
INFOSYSTC.NS Bulllish 6 Rising Falling
ITC.NS Bulllish 1 Rising Rising
MARUTI.NS Bearish 6 Falling Falling
SBIN.NS Bearish 7 Rising Rising
TATASTEEL.NS Neutral 1 Rising Rising
TCS.NS Bulllish 4 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 2493.55 69.56 55.3 26.13
ICICIBANK.NS 922.45 42.3 45.6 13.83
INFOSYSTC.NS 2788.6 64.81 62.54 22.46
ITC.NS 269.1 55.11 58.66 14.32
MARUTI.NS 1351.15 38.79 39.2 31.99
SBIN.NS 2047.7 52.54 45.53 23.65
TATASTEEL.NS 695.7 73.99 68.96 28.3
TCS.NS 815.1 55.58 56.12 16.7
1)LUPIN(1659.70)Buy this stock in decline and trade.
2)COLPAL (733.95) Buy this stock in decline and trade
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