Bullet Advisory Indian Stocks Weekly-market takes solace from early signs of recovery in global economy

    BSE Sensex (11403.25) and Nifty (3473.95)  closed 0.70% up  and 0.20% down respectively last week. Nifty  OI Put Call Ratio was 1.34. Nifty Future May was quoting at thirteen points premium.Nifty Put Option May 3400 was very active.Support for Sensex is at 11080 and  Nifty  at 3380.Resistance for Sensex is at 11800 and Nifty is at 3610.Inflation was at 057% v/s 0.26% last week.Crude oil was at 51.00$.

FII’s remained net buyers in the market.DLF declared Q4 results on 30th April 2009.Net profit was down by was down by 92% at 159 Cr.Sales was down by 73% at 1122 Cr.Outbreak of swine flu in Mexico remained a cause of concern.

ICICI Bank and  RIL added Open Interest in May Series.GMR Infra and Alok Industries shaded Open Interest in May and June series respectively..Huge position was build up at IFCI May Call Option Strike Price 30.Good build up was also seen at NTPC May Call Option Strike Price 200. .

   Tactics for Future Option players.

1)RPL(111.70) Lot Size-3350

   Buy One Call Option of  May Strike Price 110@7.00 Rs.

   Sell One Call Option of  May Strike Price 120@3.00  Rs.

   Premium .Paid=7*3350=  23450.00Rs.                                     

   Premium Received=.3*3350=10050.00 Rs.

   Net Premium Paid=23450.00-10050.00=13400.00 Rs.

   Maximum Profit=120-110=10*3350=33500.00-13400.00=20100.00 Rs.

   Maximum Loss=13400.00 Rs.

   Break-even= 114.00 Rs. 

2)IDFC(76.80) May Future-Lot Size 5900 shares.

    Buy One Lot May Future @76.80 Rs.

    Sell One Call Option of  May Strike Price 80@4.25 Rs.

    Premium Received=4.25*5900=25075.00 Rs.

    Max Profit==80.00-76.80=3.20*5900=18880.00+25075.00=43955.00 Rs.

    Max Loss=Unlimited.

   Trading Idea

1)Reliance Industries(1806.25)Buy this Stock in decline and trade.       

2)TVS Motors(33.05)Buy this Stock in decline and trade

   Trend of Major Stocks

STOCK TREND Days  WeeklyTrend  MonthlyTrend

BHEL.NS                    Bulllish  1          Rising   Rising              

ICICIBANK.NS         Bulllish  1          Rising   Rising              

INFOSYSTC.NS        Bulllish  1          Rising   Rising              

ITC.NS                        Bearish 2          Rising   Rising              

MARUTI.NS              Bulllish  4          Falling  Rising              

SBIN.NS                      Neutral            1          Rising   Rising              

TATASTEEL.NS         Bearish 3          Rising   Rising              

TCS.NS                       Bulllish  5          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                    1655.7 64.09   58.35   25.14

ICICIBANK.NS         479.2   69.03   64.96   22.37

INFOSYSTC.NS     1509.25  63.12   68.29   25.31

ITC.NS                        188.9   60.81   54.64   14.42

MARUTI.NS               814      78.22   58.39   36.77

SBIN.NS                  1278.6    65.55   60.21   28.85

TATASTEEL.NS         238.1   57.08   51.91   33.38

TCS.NS           623.6   66.22   67.18   26.51

By

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