BULLET ADVICE FOR INDIAN STOCKS

BSE Sensex (17404.20) and Nifty (5295.55) closed up 0.2% and 0.3% respectively last week.Nifty Future April was quoting at 27.95 points premium.Nifty call option April 5400 was very active.Support for Sensex is at 17250. Resistance for Sensex is at 17590 .Support for Nifty is at 5245 and resistance at 5355 Government’s intention of not taxing Participatory Notes(P-Notes) was welcomed by the market participants.Market remains closed on 5THand 6TH Aril,2012 because of Mahavir Jayanti and Good Friday respectively. IFCI and Hindalco added Open Interest in April series.Huge position was build up at IDFC Call Option Strike 150.Good build up was also seen at IFCI April Call Option Strike Price 45. Strategy for Futures Option players. 1)Ashok Leyland(30.35) lot size 8000 shares Buy One Call Option of April Strike Pri...

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BSE Sensex (17361.74) and Nifty (5278.20) closed down 0.6% and 1.9% respectively last week.Nifty Future March was quoting at 19.80 points premium.Nifty call option March 5300 was very active.Support for Sensex is at 17100. Resistance for Sensex is at 17650 .Support for Nifty is at 5190 and resistance at 5370 Future and options contracts expire on 29th March 2012. SBI and Tata Steel added Open Interest in March series.Huge position was build up at SBI March Call Option Strike Price 2200.Good build up was also seen at Tata Steel March Call Option Strike Price 460. Strategy for Futures Option players. 1)PETRONET(163.75) lot size 2000 shares Buy One Call Option of March Strike Price 160@5.40 Rs Sell One Call Option of March Strike Price 170@0.85 Rs. Premium .Paid= 5.40*2000=10800.00 Rs. Premium Received= 0.85...