BSE Sensex (18240.68) and Nifty (5471.25) closed up .2.1% and 2.0% respectively last week.Nifty Future June was quoting at 13.80 points premium.Nifty call option June 5500 was very active.Support for Sensex is at 17940. Resistance for Sensex is at 18570 .Support for Nifty is at 5380 and resistance at 5570..
BEL and CIPLA will declare the quarterly results next week. Infosys Technologies will unveil Q1 results on 12 July 2011.
RIL and SBI added Open Interest in June series.Huge position was build up at SBI June Call Option Strike Price 2300.Good build up was also seen at RIL June Call Option Strike Price 880.
Strategy for Futures Option players.
1)ICICI BANK(1064.10) Lot Size-250 Shares
Buy One Call Option of June Strike Price firstname.lastname@example.org Rs
Sell One Call Option of June Strike Price email@example.com Rs.
Premium .Paid=19.55*250=4887.50 Rs.
Premium Received=2.95*250= 737.50 Rs.
Net Premium Paid==4887.50-737.50=4150.00 Rs.
Maximum Profit==1100-1050. =50*250=12500.00-4150.=8350.00 Rs.-
Maximum Loss= 4150.00 Rs.
Break Even Price=1066.60
2)TCS(1140.95) Future-Lot Size 250 shares.
Buy One Lot June Future @1140.95 Rs
Sell One Call Option of June Strike Price firstname.lastname@example.org Rs.
Premium Received=11.50*250=2875.00 Rs
Maximum Profit=1150.00-1140.95=9.05*250=2262.50 +2875.00=5137.50 Rs.
Trend of Major Stocks
STOCK TREND Days WeeklyTrend MonthlyTrend
BHEL.NS Bulllish 2 Rising Rising
ICICIBANK.NS Bearish 3 Falling Falling
ITC.NS Bearish 1 Falling Rising
TATASTEEL.NS Bulllish 1 Rising Falling
TCS.NS Bearish 3 Falling Falling
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 1937.2 36.64 44.62 33.59
ICICIBANK.NS 1032.2 52.35 44.02 16.54
ITC.NS 191.75 38.82 51.44 15.9
TATASTEEL.NS 573.05 55.11 48.53 13.67
TCS.NS 1109.2 52.85 36.95 13.39
1)TATA STEEL(578.95)Buy this stock in decline and trade.
2)HINDALCO(172.85) Buy this stock in decline and trade
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