BSE Sensex (19966.93) and Nifty (5992.80) closed up 4.31% and 4.32% respectively last week.Nifty Future December was quoting at 23.95 points premium.Nifty call option December 6100 was very active.Support for Sensex is at 19370. Resistance for Sensex is at 20680 .Support for Nifty is at 5820 and resistance at 6190.
RBI is unlikely to change the monetary policy in next meeting as the inflation is under control..
RIL and Tata Motors added Open Interest in December series.Huge position was build up at Tata Motor December Call Option Strike Price 1400.Good build up was also seen at Powergrid December Call Option Strike Price 100.
Strategy for Futures Option players.
1)WIPRO(427.60) Lot Size-833 Shares
Buy One Call Option of December Strike Price 420.00@18.85 Rs
Sell One Call Option of December Strike Price 440@8.85 Rs.
Premium .Paid=18.85*833= .15702.05 Rs.
Premium Received=8.85*833= 7372.05 Rs.
Net Premium Paid==15702.05-7372.05=8330.00 Rs.
Maximum Profit==440-420==20*833=16660.00-8330.00=8330.00 Rs.
Maximum Loss= 8330.00 Rs.
Break Even Price=430
2)Cipla(370.25) November Future-Lot Size 1000 shares.
Buy One Lot December Future @370.25 Rs
Sell One Call Option of December Strike Price 380@10.85 Rs.
Premium Received=10.85*1000= 10850.00 Rs
Maximum Profit=380.00-372.80=7.20*1000=7200.00 + 10850.00 =18050=00 Rs.
Max Loss=Unlimited.
Trend of Major Stocks
STOCK TREND Days WeeklyTrend MonthlyTrend
BHEL.NS Bulllish 5 Falling Falling
ICICIBANK.NS Bulllish 5 Falling Falling
INFOSYSTC.NS Bulllish 6 Rising Rising
ITC.NS Bulllish 4 Rising Rising
MARUTI.NS Bearish 1 Falling Falling
SBIN.NS Bulllish 5 Falling Flat!
TATASTEEL.NS Bulllish 3 Falling Flat!
TCS.NS Bulllish 7 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 2212.55 27.1 36.37 41.73
ICICIBANK.NS 1181.45 32.08 52.06 19.75
INFOSYSTC.NS 3125 61.42 60.76 14.6
ITC.NS 171.3 40.33 48.53 24.03
MARUTI.NS 1400.6 38.6 43.01 21.15
SBIN.NS 3070.75 37.49 49.92 26.46
TATASTEEL.NS 614.55 44.69 50.49 23.14
TCS.NS 1097.35 69.35 62.3 16.42
Trading Idea
1)NTPC(185.15)Buy this stock in decline and trade.
2)Grasim(2357.35) Buy this stock in decline and trade
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