BSE Sensex (18268.54) and Nifty (5485.80) closed down .0.6% and 0.61% respectively last week.Nifty Future June was quoting at 0.20 points premium.Nifty call option June 5500 was very active.Support for Sensex is at 18100. Resistance for Sensex is at 18480 .Support for Nifty is at 5430 and resistance at 5550..
Inflation data will be released by the Government on 14th June 2011.RBI monetary policy review meet will be held on 16th June 2011.
SBI and LT added Open Interest in June series.Huge position was build up at Tata Motors June Call Option Strike Price 1050.Good build up was also seen at HCC June Call Option Strike Price 35.
Strategy for Futures Option players.
1)Alok Textiles(27.50) Lot Size-10000 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=1.05*10000=10500.00 Rs.
Premium Received=0.35*10000= 3500.00 Rs.
Net Premium Paid==10500.-3500=6500.00 Rs.
Maximum Profit==30.00-27.50=2.5*10000=25000-6500=18500.00 Rs.-
Maximum Loss= 6500.00 Rs.
Break Even Price=28.15
2)DCB(61.35) Future-Lot Size 4000 shares.
Buy One Lot June Future @61.35 Rs
Sell One Call Option of June Strike Price email@example.com Rs.
Premium Received=0.80*4000=3200.00 Rs
Maximum Profit=65.00-61.35-2833=3.65*4000=14600.00+3200.00=17800.00 Rs.
Trend of Major Stocks
STOCK TREND Days WeeklyTrend MonthlyTrend
BHEL.NS Bulllish 3 Falling Rising
ICICIBANK.NS Bearish 7 Falling Falling
ITC.NS Bearish 1 Falling Rising
TATASTEEL.NS Bearish 1 Falling Falling
TCS.NS Bulllish 5 Rising 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 1924.45 29.75 40.38 35.67
ICICIBANK.NS 1035.9 45.98 43.62 15.66
ITC.NS 191.65 46.58 52.71 16.98
TATASTEEL.NS 569.45 56.52 43.46 13.97
TCS.NS 1189.2 70.71 59.47 12.13
1)Bombay Dying(374.80)Buy this stock in decline and trade.
2)CESC(292.25) Buy this stock in decline and trade
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