Bullet Advice For Indian Stocks Weekly –expectation of decontrol in petrol and diesel prices by the Government keeps the sentiment firm
BSE Sensex (17117.69) and Nifty (5135.50) closed up by 1.5% and 1.3% respectively last week.Nifty Future June was quoting at 18.25 points discount..Nifty Call Option June 5200 was very active.Support for Sensex is at 16850. Resistance for Sensex is at 17400 .Support for Nifty is at 5075 and resistance at 5190.
IPO of Fatpipe Networks India will open for bidding on 7th June 2010 with the price band of 82-85 Rs/share.Board of Hindustan Unilever will consider the buyback of shares on 11th June 2010 .
RCOM and Tata Steel added Open Interest in June series.Huge position was build up at Suzlon June Call Option Strike Price 60.Good build up was also seen at Tata Steel June Call Option Strike Price 500.
Strategy for Futures Option players.
1)BalramChin(82.05) Lot Size-2400 Shares
Buy One Call Option of June Strike Price firstname.lastname@example.org Rs
Sell One Call Option of June Strike Price email@example.com Rs.
Premium .Paid=5*2400= 12000.00 Rs.
Premium Received=3*2400= 7200.00 Rs.
Net Premium Paid==12000.00-7200.00=4800.00 Rs.
Maximum Profit==85-80==5*2400=12000.00-4800.00=7200.00 Rs.
Maximum Loss= 4800.00 Rs.
Break Even Price=82
2)IDBI(114.85) June Future-Lot Size 2400 shares.
Buy One Lot June Future @114.85
Sell One Call Option of June Strike Price firstname.lastname@example.org Rs.
Premium Received=1.70*2400= 4080.00 Rs
Maximum Profit=120.00-114.85=5.15*2400=12360.00+4080=16440.00 Rs.
Trend of Major Stocks
STOCK TREND Days WeeklyTrend MonthlyTrend
BHEL.NS Neutral 1 Falling Falling
ICICIBANK.NS Bulllish 2 Falling Falling
INFOSYSTC.NS Bulllish 2 Rising Falling
ITC.NS Bulllish 2 Rising Rising
MARUTI.NS Bulllish 7 Rising Falling
SBIN.NS Bulllish 3 Rising Rising
TATASTEEL.NS Bulllish 2 Falling Falling
TCS.NS Bulllish 8 Rising 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 2331.8 41.89 46.69 15.98
ICICIBANK.NS 865.85 42.85 47.52 12.54
INFOSYSTC.NS 2728.95 54.71 58.89 17.01
ITC.NS 290.85 76.45 69.19 16.69
MARUTI.NS 1330.05 66.54 62.43 41.13
SBIN.NS 2340.75 53.97 59.96 16.54
TATASTEEL.NS 485.25 32.56 31.15 37.1
TCS.NS 765.35 45.94 55.19 16.76
1)Essar Oil(129.05)Buy this stock in decline and trade.
2)Lupin(1851.20) Buy this stock in decline and trade
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