Bullet Advice For Indian Stocks Weekly – market shed some gain on the hawkish statement by central bank
BSE Sensex (17868.30) and Nifty (5367.60) closed down 1.4% and 1.5% respectively last week.Nifty Future August was quoting at 3.40 points premium..Nifty Call Option August 5400 was very active.Support for Sensex is at 17620. Resistance for Sensex is at 18100 .Support for Nifty is at 5280 and resistance at 5440.
Monsoon rains were satisfactory last week.ICICI Bank,GAIL,Hindalco,IDFC and Power Grid will announce Q1 results next week.
RIL and SBI added Open Interest in August series.Huge position was build up at RIL August Call Option Strike Price 1020.Good build up was also seen at SBI August Call Option Strike Price 2500.
Strategy for Futures Option players.
1)Idea(70.60) Lot Size-4000 Shares
Buy One Call Option of August Strike Price firstname.lastname@example.org Rs
Sell One Call Option of August Strike Price email@example.com Rs.
Premium .Paid=2.30*4000= 9200.00.00 Rs.
Premium Received=0.85*4000= 3400.00 Rs.
Net Premium Paid==9200.00-3400.00=5800.00 Rs.
Maximum Profit==75.00-70.00==5*4000=20000.00-5800.00=14200.00 Rs.
Maximum Loss= 5800.00 Rs.
Break Even Price=71.45
2)HDFC Bank(2118) August Future-Lot Size 125 shares.
Buy One Lot August Future @2118.00 Rs
Sell One Call Option of August Strike Price firstname.lastname@example.org Rs.
Premium Received=34.10*125= 4262.50 Rs
Maximum Profit=2150.00-2118.00=32.125=4000.00+ 4262.50=8262.50 Rs.
Trend of Major Stocks
STOCK TREND Days WeeklyTrend MonthlyTrend
BHEL.NS Bearish 1 Rising Rising
ICICIBANK.NS Bearish 1 Rising Falling
INFOSYSTC.NS Bearish 1 Falling Rising
ITC.NS Bulllish 7 Rising Rising
MARUTI.NS Neutral 2 Falling Rising
SBIN.NS Bulllish 1 Rising Rising
TATASTEEL.NS Neutral 3 Rising Falling
TCS.NS Bearish 2 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 2437.9 57.17 52.27 11.28
ICICIBANK.NS 904.9 65.5 53.92 10.67
INFOSYSTC.NS 2788.4 45.21 51.4 12.69
ITC.NS 308.75 52.06 65.14 22.43
MARUTI.NS 1198.6 11.66 28 41.39
SBIN.NS 2502.9 74.15 63.52 34.44
TATASTEEL.NS 537 81.1 63.02 23.52
TCS.NS 839.8 76.96 62.78 29.03
1)Vijaya Bank(72.50)Buy this stock in decline and trade.
2)Tata Chem(336.8) Buy this stock in decline and trade
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