BSE Sensex (18518.81) and Nifty (5551.45) closed down 3.2% and 3.4% respectively last week.Nifty Future May was quoting at 1.50 points discount..Nifty call option May 5600 was very active.Support for Sensex is at 18030. Resistance for Sensex is at 19100 .Support for Nifty is at 5400 and resistance at 5730..
RBI raised it’s bench mark short term interest rate by 50 basis points.Hindalco,PTC,Ranbaxy,HDFC,Chamble Fertilizer,ABB,Lupin,Syndicate Bank and Dr Reddy will announce quarterly results next week.
Tata Motors and SBI added Open Interest in May series.Huge position was build up at SBI May Call Option Strike Price 2700.Good build up was also seen at Tata Motors May Call Option Strike Price 1200.
Strategy for Futures Option players.
1)SBI(2649.90) Lot Size-125 Shares
Buy One Call Option of May Strike Price email@example.com Rs
Sell One Call Option of May Strike Price firstname.lastname@example.org Rs.
Premium .Paid=76*125=9500.00 Rs.
Premium Received=55*125= 6875.00 Rs.
Net Premium Paid==9500.00-6875.00=2625.00 Rs.
Maximum Profit==2700-2650=50*125=6250.00-2625.00=3625.00 Rs.
Maximum Loss= 2625.00 Rs.
Break Even Price=2671
2)Dabur(102.05) Future-Lot Size 2000 shares.
Buy One Lot MAY Future @102.05 Rs
Sell One Call Option of May Strike Price email@example.com Rs.
Premium Received=2.20*2000=4400.00 Rs
Maximum Profit=105.00-102.05=2.95*2000=5900.00+4400.00=10300.00 Rs.
Trend of Major Stocks
STOCK TREND Days WeeklyTrend MonthlyTrend
BHEL.NS Bulllish 1 Rising Flat!
INFOSYSTC.NS Bulllish 1 Falling Flat!
ITC.NS Bearish 5 Falling Flat!
TATASTEEL.NS Bulllish 1 Falling Flat!
TCS.NS Bulllish 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 2061.15 44.15 48.76 27.54
INFOSYSTC.NS 2893 45.64 39.42 25.98
ITC.NS 183.6 45.85 46.77 25.96
TATASTEEL.NS 594.5 37.5 40.3 16.89
TCS.NS 1148.95 23.72 47.91 19.75
1)BHEL(2061.15)Buy this stock in decline and trade.
2)ABB(891.10) Buy this stock in decline and trade
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