Saturday, October 2, 2010

Nifty scales to 32-1/2 month highs

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Bullet Advice For Indian Stocks Weekly – Nifty scales to 32-1/2 month highs

BSE Sensex (20445.04) and Nifty (6143.40) closed up 2.0% and 2.1% respectively last week.Nifty Future October was quoting at 33.50 points premium.Nifty call option October 6200 was very active.Support for Sensex is at 20050. Resistance for Sensex is at 20870 .Support for Nifty is at 6020 and resistance at 6270..
IPO of Coal India will raise about Rs 16,000 crore in the mid October.This will be the largest ever IPO in the country. Infosys will declare Q2 results on 15th October 2010

IFCI and Tata Steel added Open Interest in October series.Huge position was build up at Unitech October Call Option Strike Price 100.Good build up was also seen at IFCI October Call Option Strike Price 70.
Strategy for Futures Option players.

1)SAIL(223.55) Lot Size-1000 Shares
Buy One Call Option of October Strike Price 220@13.60 Rs
Sell One Call Option of October Strike Price 230@8.25 Rs.
Premium .Paid=13.60*1000= 13600.00.00 Rs.
Premium Received=8.25*1000= 8250.00 Rs.
Net Premium Paid==13600.00-8250.00=5350.00 Rs.
Maximum Profit==230-220==10*1000=10000.00-5350.00=4650.00 Rs.
Maximum Loss= 5350.00 Rs.
Break Even Price=225.35
2)IFCI(67.30) October Future-Lot Size 4000 shares.
Buy One Lot October Future @67.30 Rs

Sell One Call Option of October Strike Price 70@2.25 Rs.
Premium Received=2.25*4000= 9000.00 Rs
Maximum Profit=70.00-67.30=2.70*4000=10800.00+ 9000.00=19800.00 Rs.
Max Loss=Unlimited.
Trend of Major Stocks
STOCK TREND Days WeeklyTrend MonthlyTrend
BHEL.NS Bulllish 5 Rising Rising
ICICIBANK.NS Bulllish 1 Rising Rising
INFOSYSTC.NS Bulllish 1 Rising Rising
ITC.NS Neutral 2 Rising Falling
MARUTI.NS Neutral 1 Rising Rising
SBIN.NS Bulllish 1 Rising Rising
TATASTEEL.NS Bulllish 1 Rising Rising
TCS.NS Bulllish 1 Rising Rising

Technical indicators of major Stocks
MFI=Money Flow Index
RSI=Relative Strength Index
ADX=Directional Momentum Index
BHEL.NS 2590.7 55.54 69.79 15.04
ICICIBANK.NS 1135.2 67.01 68.98 39.83
INFOSYSTC.NS 3102.15 84.41 70.39 37.45
ITC.NS 178.65 63.94 53.23 26.28
MARUTI.NS 1479.95 78.8 72.21 33.03
SBIN.NS 3272.15 91.46 77.1 57.77
TATASTEEL.NS 667.8 88.78 83 38.19
TCS.NS 961.6 55.75 69.21 23.95

Trading Idea
1)Jindal Steel(731.85)Buy this stock in decline and trade.
2)IDBI(158.45) Buy this stock in decline and trade

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