Bullet Advisory Analyses Nifty Stocks

Bullet Advice For Indian Stocks Weekly – Nifty at 52 week high

BSE Sensex (17464.80) and Nifty (5201.05) closed up by  0.6%  and 0.4% respectively  last week.Nifty Future January was quoting at 18.95 points premium.Nifty Call Option January 5300 was very active.Support for Sensex is at  17350. Resistance for Sensex is at 17645 .Crude oil was at 79.35 $.

Shares of  JSW Energy will be listed on 4the January 2010 .Infosys  and Bajaj Auto will declares Q3 results next week.

SBI and  RIL added Open Interest in January series.Huge position was build up at  Reliance  January Call Option Strike Price 1110.Good build up was also seen at IFCI January  Call Option Strike Price 60..

1)Reliance Ind(1090.55) Lot Size-300 Shares

Buy One Call Option of  January Strike Price 1095@ Rs.38.95 Rs

Sell One Call Option of  January Strike Price 1140@20.00 Rs.

Premium .Paid=38.95*300= 11685.00 Rs.

Premium Received=20*300= 6000.00Rs.

Net Premium Paid==11685-6000=5685.00 Rs.

Maximum Profit==1140-1095==45*300=13500-5685=7815.00 Rs.

Maximum Loss= 5685.00 Rs.

Break Even Price=1113.95

2)Tata Power(1378.10) January Future-Lot Size 200 shares.

Buy One Lot January Future @1378.10

Sell One Call Option of January Strike Price 1410@34.00 Rs.

Premium Received=34*200= 6800.00 Rs

Maximum Profit=1410-1378.10=31.90*200=6380+6800.00=13180.00 Rs.

Max Loss=Unlimited.

Trend of Major Stocks

STOCK TREND Days WeeklyTrend MonthlyTrend

BHEL.NS        Bulllish  1          Rising   Flat! ICICIBANK.NS         Bulllish  6          Rising   Flat! INFOSYSTC.NS        Neutral 3          Rising   Flat! ITC.NS            Bearish 2          Rising   Flat! MARUTI.NS   Neutral 1          Falling  Flat! SBIN.NS         Bulllish  6          Falling  Flat! TATASTEEL.NS         Neutral 1          Rising   Flat! TCS.NS           Neutral 1          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        2403.3 61.04   64.17   18.24 ICICIBANK.NS         877      48.78   55.16   14.72 INFOSYSTC.NS        2601.1 74.3     70.16   33.96 ITC.NS            250.8   27.69   47.05   17.56 MARUTI.NS   1560.1 45.55   49.88   9.33 SBIN.NS         2269    47.37   55.5     17.25 TATASTEEL.NS         617.7   57.98   67.36   18.99 TCS.NS           750.25 73.26   70.79   27.14

Trading Idea

1)Nalco(417.90)Buy this stock in decline and trade.

2)BEL(1941.05) Buy this stock in decline and trade

By

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