Q1 results of the corporate will be watched carefully

BSE Sensex (18762.80) and Nifty (5627.20) closed up .2.9% and 2.8% respectively last week.Nifty Future July was quoting at 5.65 points premium.Nifty call option July 5700 was very active.Support for Sensex is at 18250. Resistance for Sensex is at 19150 .Support for Nifty is at 5470 and resistance at 5740..
HDFC and Indus Ind Bank will declare the quarterly results next week. Infosys Technologies will unveil Q1 results on 12 July 2011.
RIL and DLF added Open Interest in July series.Huge position was build up at DLF July Call Option Strike Price 220.Good build up was also seen at IFCI July Call Option Strike Price 50.
Strategy for Futures Option players.

1)DLF(220.30) Lot Size-1000 Shares
Buy One Call Option of July Strike Price 220.00@10.65 Rs
Sell One Call Option of July Strike Price 230.00@6.75 Rs.
Premium .Paid=10.65*1000=10650.00 Rs.
Premium Received=6.75*1000= 6750.00 Rs.
Net Premium Paid==10650.00-6750.00=3900.00 Rs.
Maximum Profit==230.00-220.00. =10*1000=10000.00-3900.=6100.00 Rs.-
Maximum Loss= 3900.00 Rs.
Break Even Price=223.90


2)IFCI(48.45) Future-Lot Size 4000 shares.
Buy One Lot July Future @48.45 Rs
Sell One Call Option of July Strike Price 50@1.30 Rs.
Premium Received=1.3*4000=5200.00 Rs
Maximum Profit=50.00-48.45=1.55*4000=6200.00 +5200.00=11400.00 Rs.
Max Loss=Unlimited.
Trend of Major Stocks
STOCK TREND Days WeeklyTrend MonthlyTrend

BHEL.NS Bulllish 6 Rising Rising
ICICIBANK.NS Bulllish 7 Rising Rising
ITC.NS Bulllish 7 Rising Rising
TATASTEEL.NS Bearish 1 Rising Rising
TCS.NS Bulllish 7 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 2050.35 65.8 65.87 29.48
ICICIBANK.NS 1094.85 59.73 63.11 18.31
ITC.NS 201.55 50.98 63.99 18.08
TATASTEEL.NS 602.3 43.43 60.55 17.25
TCS.NS 1191.9 62.9 59.03 16.84










Trading Idea
1)GAIL(450.75)Buy this stock in decline and trade.
2)WIPRO(423.15) Buy this stock in decline and trade






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