Saturday, October 16, 2010

Bullet Advisory For Indian Stocks Weekly – Coal India IPO will soak liquidity from the market

Bullet Advisory For Indian Stocks Weekly – Coal India IPO will soak liquidity from the market
BSE Sensex (20125.05) and Nifty (6062.65) closed down 0.60% and 0.7% respectively last week.Nifty Future October was quoting at 20.25 points premium.Nifty call option October 6200 was very active.Support for Sensex is at 19860. Resistance for Sensex is at 20350 .Support for Nifty is at 5980 and resistance at 6130..
IPO of Coal India opens for bidding on 18th October 2010 and closes on 21st October 2010.L & T,HDFC,HDFC Bank,Bajaj Auto,ACC,TCS,Bank India and Wipro will announce Q2 results next week.

Infosys and Tata Steel added Open Interest in October series.Huge position was build up at RIL October Call Option Strike Price 1080.Good build up was also seen at Infosys October Call Option Strike Price 3200.
Strategy for Futures Option players.

1)MRPL(80.80) Lot Size-4000 Shares
Buy One Call Option of October Strike Price 80@3.15 Rs
Sell One Call Option of October Strike Price 85@1.65 Rs.
Premium .Paid=3.15*4000= 12600.00.00 Rs.
Premium Received=1.65*4000= 6600.00 Rs.
Net Premium Paid==12600.00-6600.00=6000.00 Rs.
Maximum Profit==85.00-80.00==5*4000=20000.00-6000.00=14000.00 Rs.
Maximum Loss= 6000.00 Rs.
Break Even Price=81.50

2)Essar Oil(138.50) October Future-Lot Size 2000 shares.
Buy One Lot October Future @138.50 Rs

Sell One Call Option of October Strike Price 140@3.50 Rs.
Premium Received=3.50*2000= 7000.00 Rs
Maximum Profit=140.00-138.50=1.5*2000=3000.00 + 7000.00 =10000=00 Rs.
Max Loss=Unlimited.
Trend of Major Stocks
STOCK TREND Days WeeklyTrend MonthlyTrend
BHEL.NS Bearish 2 Falling Rising
ICICIBANK.NS Bearish 2 Falling Rising
INFOSYSTC.NS Bearish 1 Falling Rising
ITC.NS Bearish 1 Rising Falling
MARUTI.NS Bearish 1 Rising Rising
SBIN.NS Bearish 2 Falling Rising
TATASTEEL.NS Bearish 1 Falling Rising
TCS.NS Bearish 1 Falling 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 2524.85 53.87 49.43 19.94
ICICIBANK.NS 1124.65 55.58 55 37.56
INFOSYSTC.NS 3076.3 65.64 56.25 45.26
ITC.NS 171.95 47.05 45.62 17.79
MARUTI.NS 1518.9 73.24 63.01 25.42
SBIN.NS 3165.65 76.04 52.7 52.91
TATASTEEL.NS 635.85 70.19 54.1 28.01
TCS.NS 950.3 49.51 55.35 22.49




Trading Idea
1)TTML(24.90)Buy this stock in decline and trade.
2)PTC(123.35) 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.

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