BSE Sensex (18376.48) and Nifty (5516.75) closed down .0.6% and 0.7% respectively last week.Nifty Future June was quoting at 17.05 points premium.Nifty call option June 5600 was very active.Support for Sensex is at 18160. Resistance for Sensex is at 18630 .Support for Nifty is at 5450 and resistance at 5595..
Inflation data will be released by the Government on 14th June 2011.RBI monetary policy review meet will be held on 16th June 2011.
Sun TV and RIL added Open Interest in June series.Huge position was build up at Tata Motors June Call Option Strike Price 1100.Good build up was also seen at RIL June Call Option Strike Price 980.
Strategy for Futures Option players.
1)Wipro(443.10) Lot Size-500 Shares
Buy One Call Option of June Strike Price email@example.com Rs
Sell One Call Option of June Strike Price firstname.lastname@example.org Rs.
Premium .Paid=13.10*500=6550.00 Rs.
Premium Received=5.5*500= 2750.00 Rs.
Net Premium Paid==6550.00-2750..00=3800.00 Rs.
Maximum Profit==460-440=20*500=10000-3800=6200.00 Rs.-
Maximum Loss= 3800.00 Rs.
Break Even Price=450.70
2)Infosys(2833) Future-Lot Size 125 shares.
Buy One Lot June Future @2833 Rs
Sell One Call Option of June Strike Price email@example.com Rs.
Premium Received=32.50*125=4062.50 Rs
Maximum Profit=2900-2833=67*125=8375.00+4062.50=12437.50 Rs.
Trend of Major Stocks
STOCK TREND Days WeeklyTrend MonthlyTrend
BHEL.NS Bearish 1 Falling Rising
ICICIBANK.NS Bearish 2 Falling Falling
ITC.NS Bearish 1 Falling Rising
TATASTEEL.NS Bearish 2 Falling Falling
TCS.NS Bearish 1 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 1911.8 31.8 36.6 35.54
ICICIBANK.NS 1047.4 51.81 47.03 18.76
ITC.NS 193.45 48.36 58.35 16
TATASTEEL.NS 573.25 60.53 44.38 17.75
TCS.NS 1152.1 58.81 49.8 11.47
1)LT(1712.75)Buy this stock in decline and trade.
2)Dabur(115.20) Buy this stock in decline and trade
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