BSE Sensex (19420.39) and Nifty (5826.05) closed up 3.2% and 3.0% respectively last week.Nifty Future April was quoting at 38.35 points premium.Nifty call option April 5900 was very active.Support for Sensex is at 18950. Resistance for Sensex is at 20000 .Support for Nifty is at 5690 and resistance at 5990..
L&T Finance Holdings plan an initial public offering of equity shares for an amount aggregating to Rs 1750 crore .
Reliance Industries and SBI added Open Interest in April series.Huge position was build up at IFCI April Call Option Strike Price 60.Good build up was also seen at Suzlon April Call Option Strike Price 50.
Strategy for Futures Option players.
1)IDFC(160.10) Lot Size-2000 Shares
Buy One Call Option of April Strike Price 160.00@6.80 Rs
Sell One Call Option of April Strike Price 170.00@2.75 Rs.
Premium .Paid=6.80*2000=13600.00 Rs.
Premium Received=2.75*2000= 5500.00 Rs.
Net Premium Paid==13600.00-5500.00=8100.00.00 Rs.
Maximum Profit==170-160==10*2000=20000.00-8100.00.00=11900.00 Rs.
Maximum Loss= 8100.00 Rs.
Break Even Price=164.05
2)BHEL(2117.30) Future-Lot Size 125 shares.
Buy One Lot APRIL Future @21117.70Rs
Sell One Call Option of APRIL Strike Price 2150@47.00 Rs.
Premium Received=47*125= 5875.00 Rs
Maximum Profit=2150.00-2117.30=32.70*125=4087.5+5875.00=9962.50 Rs.
Max Loss=Unlimited.
Trend of Major Stocks
STOCK TREND Days WeeklyTrend MonthlyTrend
BHEL.NS Bulllish 1 Rising Flat!
INFOSYSTC.NS Bulllish 6 Rising Flat!
ITC.NS Bulllish 2 Rising Flat!
TATASTEEL.NS Bulllish 4 Rising Flat!
TCS.NS Bulllish 7 Rising Flat!
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 2127.7 55.92 59.91 24.91
INFOSYSTC.NS 3218.15 66.7 62.79 20.9
ITC.NS 182.5 64.6 70.39 18.73
TATASTEEL.NS 626.6 58.36 57.37 15.44
TCS.NS 1180.15 58.59 64.86 22.24
Trading Idea
1)PTC(89.45)Buy this stock in decline and trade.
2)Neyveli Lignite(108.35) Buy this stock in decline and trade
By
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