Saturday, January 8, 2011

higher inflation nos invited profit booking

BSE Sensex (19691.81) and Nifty (5904.60) closed down 4.0% and 3.7% respectively last week.Nifty Future January was quoting at 8.50 points discount.Nifty call option January 6100 was very active.Support for Sensex is at 18960. Resistance for Sensex is at 20360 .Support for Nifty is at 5710 and resistance at 6095..
SAIL and HDFC will report the earnings next week.Food inflation reached to highest levels in December.
SBI and Tata Motors added Open Interest in January series.Huge position was build up at SBI January Call Option Strike Price 2700.Good build up was also seen at ICICI Bank January Call Option Strike Price 1100.
Strategy for Futures Option players.

1)IOC(343.75) Lot Size-500 Shares
Buy One Call Option of January Strike Price 340.00@12.00 Rs
Sell One Call Option of January Strike Price 360@5.50 Rs.
Premium .Paid=12*500=6000.00 Rs.
Premium Received=5.50*500= 2750.00 Rs.
Net Premium Paid==6000.00-2750.00=3250.00 Rs.
Maximum Profit==360-340==20*500=10000.00-3250.00=6750.00 Rs.
Maximum Loss= 3250.00 Rs.
Break Even Price=146.50

2)HPCL(389.50) Future-Lot Size 500 shares.
Buy One Lot January Future @389.50 Rs
Sell One Call Option of January Strike Price 400@8.45 Rs.
Premium Received=8.45*500= 4225.00 Rs
Maximum Profit=400.00-389.50=10.50*500=5250.00+4225.00=9475.00 Rs.
Max Loss=Unlimited.
Trend of Major Stocks
STOCK TREND Days WeeklyTrend MonthlyTrend

BHEL.NS Bearish 3 Rising Flat!
ICICIBANK.NS Bearish 4 Falling Flat!
INFOSYSTC.NS Bearish 1 Falling Flat!
ITC.NS Bearish 1 Rising Flat!
MARUTI.NS Bearish 4 Falling Flat!
SBIN.NS Bearish 4 Falling Flat!
TATASTEEL.NS Bearish 3 Falling Flat!
TCS.NS Bearish 1 Falling 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 2290.1 55.99 45.52 32.67
ICICIBANK.NS 1049.2 49.86 35.46 26.62
INFOSYSTC.NS 3370.75 71.84 57.15 38.06
ITC.NS 172.5 65.94 50.25 25.64
MARUTI.NS 1340.55 42.12 32.78 11.13
SBIN.NS 2600.95 38.01 34.14 29.99
TATASTEEL.NS 661.25 73.08 50.78 18.47
TCS.NS 1142.65 58.18 54.54 22.18

Trading Idea
1)Grasim(2390.70)Buy this stock in decline and trade.
2)Bank India(450.10) Buy this stock in decline and trade



By
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