Saturday, July 24, 2010

Bullet Advice For Indian Stocks Weekly – derivatives contract expiry of near month due on 29th July 2010

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BSE Sensex (18130.98) and Nifty (5449.10) closed up 1.0% and 1.01% up respectively last week.Nifty Future July was quoting at 5.10 points discount..Nifty Call Option July 5500 was very active.Support for Sensex is at 17920. Resistance for Sensex is at 18300 .Support for Nifty is at 5380 and resistance at 5500.
RBI will meet to review the monetary policy on 27th JULY 2010.Jindal Steel and Power,ONGC,NTPC,Reliance Industries,Hero Honda,Mahindra & Mahindra,Hindustan Unilever ,L&T and DLF will announce Q1 results next week.
Tata Steel and ICICI Bank added Open Interest in July series.Huge position was build up at ICICI Bank July Call Option Strike Price 920.Good build up was also seen at Tata Steel July Call Option Strike Price 540.
Strategy for Futures Option players.

1)Cairn(326.45) Lot Size-1000 Shares
Buy One Call Option of July Strike Price 320@10.00 Rs
Sell One Call Option of July Strike Price 340@1.65 Rs.
Premium .Paid=10*1000= 10000.00.00 Rs.
Premium Received=1.65*1000= 1650.00 Rs.
Net Premium Paid==10000.00-1650.00=8350.00 Rs.
Maximum Profit==340-320==20*1000=20000.00-8350.00=11650.00 Rs.
Maximum Loss= 8350.00 Rs.
Break Even Price=328.35
2)SBI(2486.05) July Future-Lot Size 125 shares.
Buy One Lot July Future @2486.05 Rs

Sell One Call Option of July Strike Price 2500@24.25 Rs.
Premium Received=24.25*125= 3031.25 Rs
Maximum Profit=2500.00-2486.05=13.95*125=1743.75+3031.25=4775.00 Rs.
Max Loss=Unlimited.
Trend of Major Stocks
STOCK TREND Days WeeklyTrend MonthlyTrend
BHEL.NS Bulllish 2 Rising Rising
ICICIBANK.NS Bulllish 2 Rising Flat!
INFOSYSTC.NS Bulllish 1 Falling Rising
ITC.NS Bulllish 2 Falling Flat!
MARUTI.NS Bulllish 1 Falling Rising
SBIN.NS Bulllish 1 Rising Flat!
TATASTEEL.NS Neutral 1 Rising Flat!
TCS.NS Bearish 1 Rising Flat!



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 2460.2 58.59 58.86 14.53
ICICIBANK.NS 912.85 49.79 60.06 10.96
INFOSYSTC.NS 2786.45 34.39 52.54 12.34
ITC.NS 301.65 45.98 58.36 22.09
MARUTI.NS 1358.2 45.79 46.17 33.11
SBIN.NS 2496.8 60.86 69.31 38.41
TATASTEEL.NS 535.65 70.64 64.98 24.99
TCS.NS 839.3 72.07 67.34 22.37







Trading Idea
1)Indian Bank(251.35)Buy this stock in decline and trade.
2)Titan(2772.70) Buy this stock in decline and trade



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