BSE Sensex (18531.28) and Nifty (5544.75) closed up 0.1% and down 0.1% respectively last week.Nifty Future May was quoting at 36.10 points discount..Nifty call option May 5600 was very active.Support for Sensex is at 18300. Resistance for Sensex is at 18750 .Support for Nifty is at 5480 and resistance at 5610..
The People's Bank of China increased banks' reserve requirements by 50 basis points in an attempt to ease inflationary pressures..Suzlon,JSW Steel,MRPL,SBI,Bajaj Auto,L&T and Tata Power will announce quarterly results next week.
ICICI Bank 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 1250.
Strategy for Futures Option players.
1)IDEA(67.35) Lot Size-4000 Shares
Buy One Call Option of May Strike Price 65@3.45 Rs
Sell One Call Option of May Strike Price 70@0.75 Rs.
Premium .Paid=3.45*4000=13800.00 Rs.
Premium Received=0.75*4000= 3000.00 Rs.
Net Premium Paid==13800.00-3000.00=10800 Rs.
Maximum Profit==70-65=5*4000=20000.00-10800.00=9200.00 Rs.
Maximum Loss= 10800.00 Rs.
Break Even Price=67.70
2)Dr Reddy(1665.05) Future-Lot Size 250 shares.
Buy One Lot MAY Future @1665.05 Rs
Sell One Call Option of May Strike Price 1700@16.15 Rs.
Premium Received=16.15*250=4037.50 Rs
Maximum Profit=1700.00-1665.05=34.95*250=8737.50+4037.50=12775.00 Rs.
Max Loss=Unlimited.
Trend of Major Stocks
STOCK TREND Days WeeklyTrend MonthlyTrend
BHEL.NS Neutral 1 Falling Flat!
INFOSYSTC.NS Neutral 2 Falling Flat!
ITC.NS Bulllish 1 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 2031.05 37.62 45.6 26.41
INFOSYSTC.NS 2878.35 40.62 39.75 23.37
ITC.NS 189 49.04 57.03 21.1
TATASTEEL.NS 594 34.33 43.37 20.32
TCS.NS 1127.1 25.71 44.75 14.84
Trading Idea
1)Lupin(440.85)Buy this stock in decline and trade.
2)Titan(3988.00) Buy this stock in decline and trade
By
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