BSE Sensex (18480.15) and Nifty (5538.75) closed up 4.41% and 4.4% respectively last week.Nifty Future March was quoting at 9.00 points premium.Nifty call option March 5600 was very active.Support for Sensex is at 17890. Resistance for Sensex is at 19330 .Support for Nifty is at 5360 and resistance at 5785..
Tata Power will spends $15.5 billion to increase the capacity to 25k megawatt.Japan based Honda’s equity stake of Hero Honda may be bought by no. of private equity firms.
ICICI Bank and Tata Motors added Open Interest in March series.Huge position was build up at Tata Steel March Call Option Strike Price 640.Good build up was also seen at IFCI March Call Option Strike Price 55.
Strategy for Futures Option players.
1)RPower(121.15) Lot Size-2000 Shares
Buy One Call Option of March Strike Price 120.00@6.10 Rs
Sell One Call Option of March Strike Price 130.00@2.35 Rs.
Premium .Paid=6.10*2000=12200.00 Rs.
Premium Received=2.35*2000= 4700.00 Rs.
Net Premium Paid==12200.00-4700.00=7500.00 Rs.
Maximum Profit==130.00-120.00==10*2000=20000.00-7500.00=12500.00 Rs.
Maximum Loss= 7500.00 Rs.
Break Even Price=123.75
2)HPCL(332) Future-Lot Size 500 shares.
Buy One Lot March Future @332.00 Rs
Sell One Call Option of March Strike Price 360@5.00 Rs.
Premium Received=5*500= 2500.00 Rs
Maximum Profit=360.00-332=28*5000=14000.00+2500.00=165 00.00 Rs.
Max Loss=Unlimited.
Trend of Major Stocks
STOCK TREND Days WeeklyTrend MonthlyTrend
BHEL.NS Bulllish 4 Rising Flat!
INFOSYSTC.NS Bulllish 1 Rising Flat!
ITC.NS Bulllish 5 Rising Flat!
TATASTEEL.NS Bearish 1 Falling Flat!
TCS.NS Bulllish 3 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 2085.4 50.38 47.6 32.81
INFOSYSTC.NS 3062.2 52.38 45.41 18.42
ITC.NS 172.4 61.4 62.85 31.59
TATASTEEL.NS 618.2 46.64 46.96 22.48
TCS.NS 1135.55 30.2 51.62 23.24
Trading Idea
1)Hero Honda(1536.80)Buy this stock in decline and trade.
2)Tata Power(1224.10) Buy this stock in decline and trade
By
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