BSE Sensex (18858.04) and Nifty (5660.65) closed up .0.5% and 0.6% respectively last week.Nifty Future July was quoting at 3.35 points premium.Nifty call option July 5700 was very active.Support for Sensex is at 18650. Resistance for Sensex is at 19100 .Support for Nifty is at 5600 and resistance at 5730..
Essar Oil,Sintex,Infosys and TCS will declare the quarterly results next week.
RIL and SBI added Open Interest in July series.Huge position was build up at Tata Steel July Call Option Strike Price 600.Good build up was also seen at IFCI July Call Option Strike Price 50.
Strategy for Futures Option players.
1)DCB(62.70) Lot Size-8000 Shares
Buy One Call Option of July Strike Price email@example.com Rs
Sell One Call Option of July Strike Price firstname.lastname@example.org Rs.
Premium .Paid=4.10*8000=32800.00 Rs.
Premium Received=1.70*8000= 13600.00 Rs.
Net Premium Paid==32800.00-13600.00=19200.00 Rs.
Maximum Profit==65.00-60.00. =5*8000=40000.00-19200.=20800.00 Rs.-
Maximum Loss= 19200.00 Rs.
Break Even Price=62.40
2)GSPL(96.45) Future-Lot Size 4000 shares.
Buy One Lot July Future @96.45 Rs
Sell One Call Option of July Strike Price email@example.com Rs.
Premium Received=1.3*4000=5200.00 Rs
Maximum Profit=100.00-96.45=3.55*4000=14200.00 +5200.00=19400.00 Rs.
Trend of Major Stocks
STOCK TREND Days WeeklyTrend MonthlyTrend
BHEL.NS Neutral 2 Rising Rising
ICICIBANK.NS Bearish 1 Falling Rising
ITC.NS Neutral 1 Falling Rising
TATASTEEL.NS Bearish 1 Rising Rising
TCS.NS Bearish 1 Rising Rising
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 1984.1 59.11 51.6 24.04
ICICIBANK.NS 1060.2 57.76 48.24 15.74
ITC.NS 200.55 49.78 58.1 19.7
TATASTEEL.NS 594.9 40.55 54.74 18.5
TCS.NS 1171.65 56.89 52.66 14.75
1)Bom.Dyeing(375.80)Buy this stock in decline and trade.
2)HDIL(172.50) Buy this stock in decline and trade
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