BSE Sensex (19386.80) and Nifty (5824.55) closed dowm 0.3% and 0.7% respectively last week.Nifty Future April was quoting at 9.60 points premium.Nifty call option April 5900 was very active.Support for Sensex is at 19000. Resistance for Sensex is at 19700 .Support for Nifty is at 5730 and resistance at 5920..
Market remains closed on 22nd April because of Good Friday.HDFC Bank,IFCI,PFC,IDBI,Reliance Industries,TCS and Axis Bank will announce quarterly results next week.
L & T and Infosys added Open Interest in April series.Huge position was build up at Infosys April Call Option Strike Price 3300.Good build up was also seen at LT April Call Option Strike Price 1800.
Strategy for Futures Option players.
1)Nagarjuna Fertilizer(31.25) Lot Size-8000 Shares
Buy One Call Option of April Strike Price email@example.com Rs
Sell One Call Option of April Strike Price firstname.lastname@example.org Rs.
Premium .Paid=1.7*8000=13600.00 Rs.
Premium Received=0.25*8000= 2000.00 Rs.
Net Premium Paid==13600.00-2000.00=11600.00.00 Rs.
Maximum Profit==35-30==5*8000=40000.00-11600.00.00=28400.00 Rs.
Maximum Loss= 11600.00 Rs.
Break Even Price=31.45
2)IFCI(56.45) Future-Lot Size 4000 shares.
Buy One Lot APRIL Future @56.45Rs
Sell One Call Option of APRIL Strike Price email@example.com Rs.
Premium Received=0.65*4000= 2600.00 Rs
Maximum Profit=60.00-56.45=3.55*4000=14200.00+2600.00=16800.00 Rs.
Trend of Major Stocks
STOCK TREND Days WeeklyTrend MonthlyTrend
BHEL.NS Neutral 2 Rising Rising
ICICIBANK.NS Bearish 1 Rising Rising
INFOSYSTC.NS Bearish 1 Falling Rising
ITC.NS Bulllish 2 Rising Rising
MARUTI.NS Bearish 1 Rising Rising
SBIN.NS Neutral 2 Rising Flat!
TATASTEEL.NS Bearish 1 Rising Flat!
TCS.NS Bearish 1 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 2227.9 78.38 66.97 32.8
ICICIBANK.NS 1101.7 57.78 57.02 29.84
INFOSYSTC.NS 2989.5 50.65 38.73 27.94
ITC.NS 191.5 81 76.82 23.59
MARUTI.NS 1257.2 63.81 51.81 21.45
SBIN.NS 2808.15 65.68 58.44 24.23
TATASTEEL.NS 630.6 81.14 55.16 13.13
TCS.NS 1191.4 54.45 57.01 27.13
1)ABB(818.70)Buy this stock in decline and trade.
2)CANBANK(6651.85)Buy this stock in decline and trade
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