BSE Sensex (17878.80) and Nifty (5373.70) closed down 1.6% and 1.3% respectively last week.Nifty Future March was quoting at 9.30 points premium.Nifty call option March 5500 was very active.Support for Sensex is at 17450. Resistance for Sensex is at 18280 .Support for Nifty is at 5250 and resistance at 5480..
The RBI hiked the repo rate (short term lending rate) to 6.75% from 6.50% while the reverse repo rate (short term borrowing) rate was raised to 5.75% from 5.50% .
Reliance Industries and Tata Motors 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 1020.
Strategy for Futures Option players.
1)TATA STEEL(597.15) Lot Size-500 Shares
Buy One Call Option of March Strike Price email@example.com Rs
Sell One Call Option of March Strike Price firstname.lastname@example.org Rs.
Premium .Paid=23.75*500=11875.00 Rs.
Premium Received=13.00*500= 6500.00 Rs.
Net Premium Paid==11875.00-6500.00=5375.00 Rs.
Maximum Profit==600-580==20*500=10000.00-5375.00.00=4625.00 Rs.
Maximum Loss= 5375.00 Rs.
Break Even Price=590.75
2)POWER GRID(98.05) Future-Lot Size 2000 shares.
Buy One Lot March Future @98.05 Rs
Sell One Call Option of March Strike Price email@example.com Rs.
Premium Received=0.75*2000= 1500.00 Rs
Maximum Profit=100.00-98.05=1.95*2000=3900.00+1500.00=5400.00 Rs.
Trend of Major Stocks
STOCK TREND Days WeeklyTrend MonthlyTrend
BHEL.NS Bearish 1 Falling Flat!
INFOSYSTC.NS Bearish 5 Falling Flat!
ITC.NS Bearish 4 Rising Flat!
TATASTEEL.NS Bulllish 1 Falling Flat!
TCS.NS Bearish 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 1921.5 42.85 37.12 29.67
INFOSYSTC.NS 2941.1 42.48 35.43 15.21
ITC.NS 167.95 56 51.41 19.81
TATASTEEL.NS 597.15 39.53 44.43 15.05
TCS.NS 1082.75 46.8 42.12 23.05
1)ABB(749.50)Buy this stock in decline and trade.
2)Petronet(118) Buy this stock in decline and trade
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