Saturday, January 1, 2011

market look forward to sales figures of automobile companies

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BSE Sensex (20509.90) and Nifty (6134.50) closed up 2.2% and 1.9% respectively last week.Nifty Future January was quoting at 29.70 points premium.Nifty call option January 6200 was very active.Support for Sensex is at 20150. Resistance for Sensex is at 20920 .Support for Nifty is at 6030 and resistance at 6250..
Infosys will report the earnings on 13th January 2011.Auto companies may raise the price of their vehicles because of increase in input costs.
SBI and Tata Steel added Open Interest in January series.Huge position was build up at SBI January Call Option Strike Price 2800.Good build up was also seen at IFCI January Call Option Strike Price 70.
Strategy for Futures Option players.

1)RCOM(145.35) Lot Size-2000 Shares
Buy One Call Option of January Strike Price 140.00@10.65 Rs
Sell One Call Option of January Strike Price 150@5.70 Rs.
Premium .Paid=10.65*2000=21300.00 Rs.
Premium Received=5.70*2000= 11400.00 Rs.
Net Premium Paid==213000.00-11400.00=9900.00 Rs.
Maximum Profit==150-140==10*2000=20000.00-9900.00=10100.00 Rs.
Maximum Loss= 9900.00 Rs.
Break Even Price=144.95

2)RPower(159.15) Future-Lot Size 2000 shares.
Buy One Lot January Future @159.15 Rs
Sell One Call Option of January Strike Price 160@5.05 Rs.
Premium Received=5.05*2000= 10100.00 Rs
Maximum Profit=160.00-159.15==0.85*2000=1700..00 + 10100.00 =11800.00 Rs.
Max Loss=Unlimited.
Trend of Major Stocks
STOCK TREND Days WeeklyTrend MonthlyTrend

BHEL.NS Neutral 1 Rising Flat!
ICICIBANK.NS Bulllish 3 Rising Flat!
INFOSYSTC.NS Neutral 6 Rising Flat!
ITC.NS Bulllish 6 Rising Flat!
MARUTI.NS Bulllish 5 Rising Flat!
TATASTEEL.NS Bulllish 1 Rising Flat!
TCS.NS Neutral 1 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 2323.7 61.98 53.38 35.21
ICICIBANK.NS 1145.1 53.22 52.53 24.86
INFOSYSTC.NS 3442.75 69.93 76.76 32.83
ITC.NS 174.65 52.05 60.97 25.35
MARUTI.NS 1421.6 47.42 51.85 11.65
TATASTEEL.NS 680.4 74.77 63.72 16
TCS.NS 1165.65 62.51 66.71 23.3


Trading Idea
1)Vijaya Bank(101.80)Buy this stock in decline and trade.
2)IDFC(182.60) Buy this stock in decline and trade



By
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