Saturday, January 29, 2011

indices close below 200 day moving average

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Bullet Advice For Indian Stocks Weekly – indices close below 200 day moving average

BSE Sensex (18395.97) and Nifty (5512.15) closed down 3.21% and 3.2% respectively last week.Nifty Future February was quoting at 32.35 points premium.Nifty call option February 5700 was very active.Support for Sensex is at 1755 0. Resistance for Sensex is at 19080 .Support for Nifty is at 5250 and resistance at 5720..
BPCL,DLF,IDFC,NTPC,SUZLON and Andhra Bank will report the earnings next week.Higher inflation and interest rate pulled the market down
SBI and RIL added Open Interest in February series.Huge position was build up at Unitech February Call Option Strike Price 55.Good build up was also seen at Tata Motors February Call Option Strike Price 1200.
Strategy for Futures Option players.

1)HPCL(365.20) Lot Size-500 Shares
Buy One Call Option of February Strike Price 360.00@18.25 Rs
Sell One Call Option of February Strike Price 380@9.00 Rs.
Premium .Paid=18.25*500=9125.00 Rs.
Premium Received=9*500= 4500.00 Rs.
Net Premium Paid==9125.00-4500.00=4625.00 Rs.
Maximum Profit==380-360==20*500=10000.00-4625.00=5375.00 Rs.
Maximum Loss= 4625.00 Rs.
Break Even Price=369.25

2)ONGC(1145) Future-Lot Size 250 shares.
Buy One Lot February Future @1145.00 Rs
Sell One Call Option of February Strike Price 1150@32.00 Rs.
Premium Received=32*250= 8000.00 Rs
Maximum Profit=1150.00-1145.00=5*250=1250.00+8000.00=9250.00 Rs.
Max Loss=Unlimited.
Trend of Major Stocks
STOCK TREND Days WeeklyTrend MonthlyTrend

BHEL.NS Bearish 2 Falling Flat!
ICICIBANK.NS Bearish 3 Falling Flat!
INFOSYSTC.NS Bearish 2 Falling Flat!
ITC.NS Bulllish 1 Falling Flat!
MARUTI.NS Bearish 1 Falling Flat!
SBIN.NS Bearish 1 Rising Flat!
TATASTEEL.NS Bearish 1 Falling Flat!
TCS.NS Bearish 3 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 2152.15 49.18 37.4 38.67
ICICIBANK.NS 1024.75 37.36 42.62 25.44
INFOSYSTC.NS 3179 36.54 39.77 27.02
ITC.NS 168.75 61.59 44.9 15.6
MARUTI.NS 1228 26.01 28.32 30.17
SBIN.NS 2620 42.1 46.33 25.7
TATASTEEL.NS 635 39.01 45.45 16.38
TCS.NS 1187.4 65.51 57.43 18.98


Trading Idea
1)Syndicate Bank(107.50)Buy this stock in decline and trade.
2)Andhra Bank(138.70) Buy this stock in decline and trade



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