BSE Sensex (19007.13) and Nifty (5696.50) closed up 0.8% and 0.7% respectively last week.Nifty Future January was quoting at 4.1 points premium.Nifty call option January 5700 was very active.Support for Sensex is at 18800. Resistance for Sensex is at 19200 .Support for Nifty is at 5630 and resistance at 5750..
RBI will review the monetary policy on 25th January 2011 and expected to hike repo and reverse repo rate by 25 basis points..SBI,ICICI Bank,Idea Cellular,HDFC Bank,HPCL and NHPC will declare their quarterly result next week.
SBI and LIC Housing added Open Interest in January series.Huge position was build up at SBI January Call Option Strike Price 2600.Good build up was also seen at RIL January Call Option Strike Price 1000.
Strategy for Futures Option players.
1)SBI(2596.90) Lot Size-125 Shares
Buy One Call Option of January Strike Price 2600@ 44.50 Rs
Sell One Call Option of January Strike Price 2650@27.10 Rs.
Premium .Paid=44.50*125=5562.50 Rs.
Premium Received=27.10*125= 3387.50 Rs.
Net Premium Paid==5562.50-3387.50=2175.00.00 Rs.
Maximum Profit==2650.00-2600.00==50*125=6250.00-2175.00=4075.00 Rs.
Maximum Loss= 2175.00 Rs.
Break Even Price=2617.40
2)BPCL(591) Future-Lot Size 500 shares.
Buy One Lot January Future @591.00 Rs
Sell One Call Option of January Strike Price 600@5.00 Rs.
Premium Received=5*500= 2500.00 Rs
Maximum Profit=600.00-591.00=9*500=4500.00+2500.00=7000.00 Rs.
Max Loss=Unlimited.
Trend of Major Stocks
STOCK TREND Days WeeklyTrend MonthlyTrend
BHEL.NS Bulllish 1 Falling Rising
ICICIBANK.NS Bulllish 4 Rising Falling
INFOSYSTC.NS Neutral 1 Falling Rising
ITC.NS Bearish 2 Falling Rising
MARUTI.NS Neutral 4 Falling Falling
SBIN.NS Bulllish 2 Rising Flat!
TATASTEEL.NS Neutral 1 Falling Flat!
TCS.NS Bulllish 5 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 2207.25 51.1 41.46 43.93
ICICIBANK.NS 1065.55 40.06 48.69 28.98
INFOSYSTC.NS 3243.85 47.61 45.49 27.62
ITC.NS 168.9 70.66 44.52 17.63
MARUTI.NS 1248.65 26.13 23.05 28.95
SBIN.NS 2596.9 40.68 44.52 33.04
TATASTEEL.NS 629.55 41.1 42.5 19.94
TCS.NS 1211.65 69.58 66.15 20.55
Trading Idea
1)LIC Housing(194.05)Buy this stock in decline and trade.
2)IOC(327.80) Buy this stock in decline and trade
By
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