BSE Sensex (17570.80) and Nifty (5262.60) closed up by 3.0% and 2.8% respectively last week.Nifty Future June was quoting at 1.45 points discount..Nifty Call Option June 5300 was very active.Support for Sensex is at 17200. Resistance for Sensex is at 17840 .Support for Nifty is at 5160 and resistance at 5335.
Market sentiment remained firm because of higher advance tax payment by companies for Q1 June 2010.U.S.Federal Reserve policy meets will be held on 22 and 23 June 2010..
RIL and RCOM added Open Interest in June series.Huge position was build up at RIL June Call Option Strike Price 1100.Good build up was also seen at RNRL June Call Option Strike Price 70.
Strategy for Futures Option players.
1)SBI(2372.50) Lot Size-132 Shares
Buy One Call Option of June Strike Price 2350@32.00 Rs
Sell One Call Option of June Strike Price 2400@10.00 Rs.
Premium .Paid=32*132= 4224.00 Rs.
Premium Received=10*132= 1320.00 Rs.
Net Premium Paid==4224.00-1320.00=2904.00 Rs.
Maximum Profit==2400-2350==50*132=6600.00-2904.00=3696.00 Rs.
Maximum Loss= 2904.00 Rs.
Break Even Price=2372
2)IDFC(169.10) June Future-Lot Size 2950 shares.
Buy One Lot June Future @169.10
Sell One Call Option of June Strike Price 170@2.25 Rs.
Premium Received=2.25*2950= 6637.50 Rs
Maximum Profit=170.00-169.10=0.90*2950=2655.00+ 6637.500=9292.50 Rs.
Max Loss=Unlimited.
Trend of Major Stocks
STOCK TREND Days WeeklyTrend MonthlyTrend
BHEL.NS Bulllish 1 Rising Falling
ICICIBANK.NS Bearish 1 Rising Falling
INFOSYSTC.NS Bulllish 5 Rising Falling
ITC.NS Bulllish 5 Rising Rising
MARUTI.NS Bearish 1 Rising Falling
SBIN.NS Bulllish 1 Rising Rising
TATASTEEL.NS Bearish 2 Rising Falling
TCS.NS Bulllish 1 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 2417.15 63.05 59.79 13.97
ICICIBANK.NS 869.3 70.2 51.6 16.59
INFOSYSTC.NS 2786.2 67.32 60.88 20.46
ITC.NS 294.9 81.97 64.63 16.29
MARUTI.NS 1351 75.92 57.41 28.38
SBIN.NS 2372.6 54.5 61.22 26.19
TATASTEEL.NS 473.75 53.31 38.14 33.05
TCS.NS 782.1 62.91 58.04 13.63
Trading Idea
1)FinanTech(1345.75)Buy this stock in decline and trade.
2)SunPharma(1713.35) Buy this stock in decline and trade
By
Bullet Advisory Indian Stocks-India's Top Most No.1 Best Stock Market Advice Blog,Hot Stock Tips Calls by Expert Technical Analyst Narendra Nainani of India.Most Preferred and Successful Paid Subscription Stock Tips Calls Website of India.Excellent Success Ratio of more than 90% with Superb trading ideas.Most Successful Intraday Stock Future Calls Provider Service Indian Share Market.
-+919898162770
Website www.subscriptionnarendranainani.blogspot.com
No comments:
Post a Comment