BSE Sensex (18174.09) and Nifty (5445.45) closed down 1.71% and 1.7% respectively last week.Nifty Future March was quoting at 17.55 points premium.Nifty call option March 5500 was very active.Support for Sensex is at 17750. Resistance for Sensex is at 18800 .Support for Nifty is at 5320 and resistance at 5625..
Inflation data for February will be announced on 14th March 2011.RBI will review the monetary policy on 17th March 2011.
Reliance Industries and Tata Steel added Open Interest in March series.Huge position was build up at Tata Steel March Call Option Strike Price 600.Good build up was also seen at RIL March Call Option Strike Price 1000.
Strategy for Futures Option players.
1)Escort(129.50) Lot Size-1000 Shares
Buy One Call Option of March Strike Price firstname.lastname@example.org Rs
Sell One Call Option of March Strike Price email@example.com Rs.
Premium .Paid=5.65*1000=5650.00 Rs.
Premium Received=2.75*1000= 2750.00 Rs.
Net Premium Paid==5650.00-2750.00=2900.00 Rs.
Maximum Profit==140.00-130.00==10*1000=10000.00-2900.00=7100.00 Rs.
Maximum Loss= 2900.00 Rs.
Break Even Price=132.90
2)RIL(996.55) Future-Lot Size 250 shares.
Buy One Lot March Future @996.550 Rs
Sell One Call Option of March Strike Price firstname.lastname@example.org Rs.
Premium Received=15.25*250= 3812.50 Rs
Maximum Profit=1020.00-996.55=23.45*250=5862.50+3812.50=9675.00 Rs.
Trend of Major Stocks
STOCK TREND Days WeeklyTrend MonthlyTrend
BHEL.NS Bearish 1 Falling Flat!
INFOSYSTC.NS Bearish 1 Rising Flat!
ITC.NS Bearish 4 Rising Flat!
TATASTEEL.NS Bearish 2 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 1972 33.98 38.25 28.51
INFOSYSTC.NS 3055 45.72 45.27 14.58
ITC.NS 171.9 62.32 61.18 24.74
TATASTEEL.NS 580.1 41.18 37.29 19.91
TCS.NS 1080.6 40.34 39.71 22.4
1)Ranbaxy(461)Buy this stock in decline and trade.
2)Petronet(117.70) Buy this stock in decline and trade
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