WBSE Sensex (18211.52) and Nifty (5458.95) closed up 2.7% and 2.8% respectively last week.Nifty Future February was quoting at 8.05 points premium.Nifty call option February 5500 was very active.Support for Sensex is at 17800. Resistance for Sensex is at 18650 .Support for Nifty is at 5330 and resistance at 5590..
Railway budget will be presented on 25th February 2011 and.Union Budget will be presented on 28th February 2011.
SBI and ICICI Bank added Open Interest in February series.Huge position was build up at Tata Motors February Call Option Strike Price 1250.Good build up was also seen at SBI February Call Option Strike Price 2800.
Strategy for Futures Option players.
1)Cipla(307.30) Lot Size-1000 Shares
Buy One Call Option of February Strike Price 300.00@9.05 Rs
Sell One Call Option of February Strike Price 320.00@1.30 Rs.
Premium .Paid=9.05*1000=9050.00 Rs.
Premium Received=1.30*1000= 1300.00 Rs.
Net Premium Paid==9050..00-1300.00=7750.00 Rs.
Maximum Profit==320.00-300.00==20*1000=20000.00-7750.00=12250.00 Rs.
Maximum Loss= 7750.00 Rs.
Break Even Price=307.75
2)BHEL(2099) Future-Lot Size 125 shares.
Buy One Lot February Future @2099.00 Rs
Sell One Call Option of February Strike Price 2150@12.00 Rs.
Premium Received=12.00*125= 1500.00 Rs
Maximum Profit=2150.00-2099.00=51*125=6375.00+1500.00=7875.00 Rs.
Max Loss=Unlimited.
Trend of Major Stocks
STOCK TREND Days WeeklyTrend MonthlyTrend
BHEL.NS Bulllish 2 Rising Flat!
ICICIBANK.NS Bearish 1 Rising Flat!
INFOSYSTC.NS Neutral 1 Falling Flat!
ITC.NS Neutral 1 Falling Flat!
MARUTI.NS Bulllish 6 Rising Flat!
SBIN.NS Bulllish 6 Rising Flat!
TATASTEEL.NS Bulllish 5 Rising Flat!
TCS.NS Neutral 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 2102 55.11 43.99 40.13
ICICIBANK.NS 1030 49.13 49.96 21.34
INFOSYSTC.NS 3100 36.97 43.36 27.52
ITC.NS 156 25.3 38.97 33.48
MARUTI.NS 1229 30.71 45.48 39.62
SBIN.NS 2772.5 58.18 58.76 16.99
TATASTEEL.NS 640 44.93 52.01 17.6
TCS.NS 1092.05 20.73 39.93 24
Trading Idea
1)Jindal Steel(680)Buy this stock in decline and trade.
2)Tata Chem(329) Buy this stock in decline and trade
By
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