BSE Sensex (17574.33) and Nifty (5269.05) closed down 0.01% and 0.1% up respectively last week.Nifty Future July was quoting at 17.25 points premium..Nifty Call Option July 5300 was very active.Support for Sensex is at 17300. Resistance for Sensex is at 17810 .Support for Nifty is at 5190 and resistance at 5340.
Indian government has raised the petrol and diesel price by 3.5 Rs and 2.00 Rs per litre respectively.The government has also decided to decontrol petrol prices.
RIL and BPCL added Open Interest in July series.Huge position was build up at RIL July Call Option Strike Price 1050.Good build up was also seen at RNRL July Call Option Strike Price 70.
Strategy for Futures Option players.
1)ONGC(1263.20) Lot Size-250 Shares
Buy One Call Option of July Strike Price 1250@52.90 Rs
Sell One Call Option of July Strike Price 1300@28.00 Rs.
Premium .Paid=52.90*250= 13225.00 Rs.
Premium Received=28*250= 7000.00 Rs.
Net Premium Paid==13225.00-7000..00=6225.00 Rs.
Maximum Profit==1300-1250==50*250=12500.00-6225.00=6275.00 Rs.
Maximum Loss= 6225.00 Rs.
Break Even Price=1274.90
2)Essar Oil(138) July Future-Lot Size 2000 shares.
Buy One Lot July Future @138
Sell One Call Option of July Strike Price 140@6.15 Rs.
Premium Received=6.15*2000= 12300.00 Rs
Maximum Profit=140-138=2*2000=4000.00+ 12300.00=16300.00 Rs.
Max Loss=Unlimited.
Trend of Major Stocks
STOCK TREND Days WeeklyTrend MonthlyTrend
BHEL.NS Neutral 3 Rising Falling
ICICIBANK.NS Bearish 2 Rising Falling
INFOSYSTC.NS Bearish 1 Rising Falling
ITC.NS Bearish 1 Rising Rising
MARUTI.NS Neutral 2 Rising Falling
SBIN.NS Bearish 4 Falling Rising
TATASTEEL.NS Bearish 1 Rising Falling
TCS.NS Bearish 3 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 2451.9 75.14 62.13 15.92
ICICIBANK.NS 856.55 71.4 46.77 15.99
INFOSYSTC.NS 2777.7 77.72 57.1 21.62
ITC.NS 301.45 84.73 65.78 21.07
MARUTI.NS 1396.8 85.64 64.5 34.53
SBIN.NS 2300.8 65.57 49.07 30.2
TATASTEEL.NS 490.05 56.58 45.83 25.68
TCS.NS 758.5 57.03 48.38 12.43
Trading Idea
1)Maruti(1396.80)Buy this stock in decline and trade.
2)HindPetro(402.20) Buy this stock in decline and trade
By
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