Saturday, September 25, 2010

volatility may increase ahead of future and options contract expiry due on 30th September,2010

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Bullet Advice For Indian Stocks Weekly – volatility may increase ahead of future and options contract expiry due on 30th September,2010
BSE Sensex (20045.20) and Nifty (6018.30) closed up 2.31% and 2.3% respectively last week.Nifty Future September was quoting at 13.70 points premium.Nifty call option September 6000 was very active.Support for Sensex is at 19620. Resistance for Sensex is at 20525 .Support for Nifty is at 5920 and resistance at 6130..
Domestic funds continued to sell equity during the week.Verdict on Ayodhya case is postponed now on 28th September 2010 by Supreme Court.

ICICI Bank and Tata Steel added Open Interest in September series.Huge position was build up at Unitech September Call Option Strike Price 85.Good build up was also seen at IDBI September Call Option Strike Price 150.
Strategy for Futures Option players.

1)IDFC(206.35) Lot Size-2000 Shares
Buy One Call Option of September Strike Price 200@7.75 Rs
Sell One Call Option of September Strike Price 210@2.00 Rs.
Premium .Paid=7.75*2000= 15500.00.00 Rs.
Premium Received=2*2000= 4000.00 Rs.
Net Premium Paid==15500.00-4000.00=11500.00 Rs.
Maximum Profit==210-200==10*2000=20000.00-11500.00=8500.00 Rs.
Maximum Loss= 11500.00 Rs.
Break Even Price=205.75
2)Tata Steel(632.50) September Future-Lot Size 500 shares.
Buy One Lot September Future @632.50 Rs

Sell One Call Option of September Strike Price 640@6.50 Rs.
Premium Received=6.50*500= 3250.00 Rs
Maximum Profit=640.00-632.50=7.50*500=3750.00+ 3250.00=7000.00 Rs.
Max Loss=Unlimited.
Trend of Major Stocks
STOCK TREND Days WeeklyTrend MonthlyTrend
BHEL.NS Neutral 1 Rising Falling
ICICIBANK.NS Neutral 1 Rising Rising
INFOSYSTC.NS Bulllish 1 Rising Falling
ITC.NS Neutral 3 Rising Falling
MARUTI.NS Bulllish 3 Rising Rising
SBIN.NS Neutral 1 Rising Rising
TATASTEEL.NS Neutral 6 Rising Rising
TCS.NS Bearish 3 Rising Rising



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 2457.2 45.26 50.8 9.92
ICICIBANK.NS 1114.1 65.76 67.53 43.59
INFOSYSTC.NS 3049.1 74.11 68.41 29.73
ITC.NS 179.25 70.19 54.23 35.21
MARUTI.NS 1481.75 82.49 83.74 33.94
SBIN.NS 3141.4 79.22 69.81 52.77
TATASTEEL.NS 629.95 89.47 75.72 31.85
TCS.NS 931.95 56.93 64.35 20.57






Trading Idea
1)HDFC Bank(2495.25)Buy this stock in decline and trade.
2)ABAN(860.20) Buy this stock in decline and trade



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