Bullet Advice For Indian Stocks Weekly- market will remain range bound before union budget

BSE Sensex (14764.64) and Nifty (4375.50)  closed 1.7% and 1.4 % up respectively

last week.Nifty Future July was quoting at 8.5 points premium.Nifty Call Option July 4500 was very active.Support for Sensex is at 14250 and  Nifty  at 4210.Resistance for Sensex is at 15280 and Nifty is at 4540.Crude oil was at 69.00 $.

Union Budget will be presented on 6th July 2009 by Finance Minister Pranab Mukharjee.Deregulation of fuel pricing is expected with more power gave to PSU oil refineries to decide the price of petrol and diesel.This can increase the prices of petrol and diesel significantly.

RIL and  ICICI Bank added Open Interest in July Series.ACC and Cairn shaded Open Interest.Huge position was build up at RIL July Call Option Strike Price 2010.Good build up was also seen at IFCI July Call Option Strike Price 60.

Tactics for Future Option players.

1)Hindalco(86.70) Lot Size-3518 Shares

Premium .Paid=9.15*3518=32189.70 Rs.

Premium Received=.4.10*3518=14423.80 Rs.

Net Premium Paid=32189.70-14423.80=17765.90  Rs.

Maximum Profit=95-85=10*3518=35180-17765.90=17414.10 Rs.

Break Even Price=90.05

2)RPL(1126.85) July Future-Lot Size 1675 shares.

Buy One Lot July Future @126.85 Rs.

Sell One Call Option of  July Strike Price 140@5.0 Rs.

Premium Received=5*1675=8375.00 Rs

Maximum Profit=140-126.85=13.15*1675=22026.25 + 8375.00=30401.25 Rs.

Max Loss=Unlimited.

Trading Idea

1)HDIL(251.55)Buy this Stock in decline and trade 2)ICICI Bank(756.15)Buy this Stock in decline and trade

Trend of Major Stocks

STOCK TREND Days  WeeklyTrend  MonthlyTrend

BHEL.NS                    Bulllish  1          Falling  Rising ICICIBANK.NS         Bulllish  1          Falling  Rising INFOSYSTC.NS        Bulllish  7          Rising   Rising ITC.NS                         Neutral            1          Falling  Falling MARUTI.NS               Bulllish  1          Falling  Rising SBIN.NS                      Neutral            1          Falling  Rising TATASTEEL.NS         Bearish 1          Falling  Rising TCS.NS                       Bulllish  3          Falling  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                  2203.75 42.68   58.05   33.83 ICICIBANK.NS         756.15 36.77   55.32   21.07 INFOSYSTC.NS        1827.1 69.1     52.84   67.11 ITC.NS                        196.7   56.16   52.03   25.18 MARUTI.NS            1059.25  52.81   55.88   23.71 SBIN.NS                  1749.25  47.01   56.16   33.24 TATASTEEL.NS         388.55 48.13   47.7     25.25 TCS.NS                       397.4   70.48   29.87   45.97

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Bullet Advisory Indian Stocks-India’s top most no.1 best stockmarket advice blog,hot stocktips calls by expert technical analyst Narendra Nainani of India.Most preferred paid subscription stocktips calls website of India.Excellent success ratio of more than 90% with superb trading ideas.

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