union budget holds the key

BSE Sensex (17700.90) and Nifty (5303.55) closed down 2.81% and 2.8% respectively last week.Nifty Future March was quoting at 10.25 points premium.Nifty call option March 5500 was very active.Support for Sensex is at 17295. Resistance for Sensex is at 18280 .Support for Nifty is at 5180 and resistance at 5475..
Union Budget will be presented on 28th February 2011.Infrastucture development related projects may get more benefits.
SBI and Tata Motors added Open Interest in March series.Huge position was build up at Reliance March Call Option Strike Price 1000.Good build up was also seen at IFCI March Call Option Strike Price 55.
Strategy for Futures Option players.

1)ICICI BANK(986.25) Lot Size-250 Shares
Buy One Call Option of March Strike Price 980.00@52.65 Rs
Sell One Call Option of March Strike Price 1020.00@34.10 Rs.
Premium .Paid=52.65*250=13162.50 Rs.
Premium Received=34.10*250= 8525.00 Rs.
Net Premium Paid==13162.50-8525.00=4637.50 Rs.
Maximum Profit==1020.00-980.00==40*250=10000.00-4637.50=5362.50 Rs.
Maximum Loss= 4637.50 Rs.
Break Even Price=998.55

2)IDFC(140.20) Future-Lot Size 2000 shares.
Buy One Lot March Future @140.20 Rs
Sell One Call Option of March Strike Price 150@4.15 Rs.
Premium Received=4.15*2000= 8300.00 Rs
Maximum Profit=150.00-140.20=9.80*2000=19600.00+8300.00=27900.00 Rs.
Max Loss=Unlimited.
Trend of Major Stocks
STOCK TREND Days WeeklyTrend MonthlyTrend

BHEL.NS Bearish 3 Falling Flat!
ICICIBANK.NS Bearish 6 Rising Flat!
INFOSYSTC.NS Bearish 3 Falling Flat!
ITC.NS Bulllish 1 Falling Flat!
MARUTI.NS Bearish 5 Rising Flat!
SBIN.NS Bearish 4 Rising Flat!
TATASTEEL.NS Bearish 5 Falling Flat!
TCS.NS Bearish 2 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 1973.45 44.38 33.71 37.87
ICICIBANK.NS 986.25 40.55 43.84 19.2
INFOSYSTC.NS 3007.3 34.2 37.18 24.06
ITC.NS 156.3 32.67 44.45 34.72
MARUTI.NS 1168.65 25.91 35.12 39.22
SBIN.NS 2582.65 50.09 44.21 17.51
TATASTEEL.NS 606.85 38.99 42.61 19.33
TCS.NS 1110.05 21.93 44.97 27.27




Trading Idea
1)Syndicate Bank(113.80)Buy this stock in decline and trade.
2)Can Bank(588.65) Buy this stock in decline and trade






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