Bullet Advisory Indian Stocks Weekly-Stock specific movement expected due to F & O expiry
BSE Sensex (11329.00) and Nifty (3480.75) closed 2.8% and 2.81% up respectively last week. Nifty Put Call Ratio was 1.52. Nifty Future April was quoting at six points discount.Nifty Call Option April 3500 was very active.Support for Sensex is at 10900 and Nifty at 3350.Resistance for Sensex is at 11780 and Nifty is at 3620.Crude oil was at 51.50$.
CRR and Repo Rate cut by Reserve Bank Of India helped the sentiment during the week.Future and Option expiry will be on 29th April instead of 30th April as markets will remain closed on 30th April because of parliamentary elections.Fifty stocks will be removed from the future trading after this expiry.
Jaiprakash Associates and HDIL added Open Interest in April Series.Tata Steel and DLF shaded Open Interest.Huge position was build up at IFCI April Call Option Strike Price 30.Good build up was also seen at RNRL April Call Option Strike Price 60. .
Tactics for Future Option players.
1)NIFTY(3480.75) Lot Size-50
Buy One Call Option of May Strike Price 3500@181.00 Rs.
Sell One Call Option of May Strike Price 3600@135.90 Rs.
Premium .Paid=181.00*50=9050.00 Rs.
Premium Received=.135.90*50=6795.00 Rs.
Net Premium Paid=9050.00-6795.00=2255.00 Rs.
Maximum Profit=3600-3500=100*50=5000.00-2255.00=2745.00 Rs.
Maximum Loss=2255.00 Rs.
Break-even= 3545.10 Rs.
2)CAIRN(194) May Future-Lot Size 2500 shares.
Buy One Lot May Future @194.00 Rs.
Sell One Call Option of May Strike Price 200@9.90 Rs.
Premium Received=9.90*2500=24750.00 Rs.
Max Profit==200-194=6*2500=15000.00+24750.00=39750.00 Rs.
Max Loss=Unlimited.
Trading Idea
1)ADLAB FILM(236.05)Buy this Stock in decline and trade.
2)INDIAN BANK(117.30)Buy this Stock in decline and trade
Trend of Major Stocks
STOCK TREND Days WeeklyTrend MonthlyTrend
BHEL.NS Neutral 1 Rising Rising
ICICIBANK.NS Bulllish 1 Rising Rising
INFOSYSTC.NS Bulllish 2 Rising Rising
ITC.NS Neutral 4 Rising Rising
MARUTI.NS Bulllish 1 Falling Rising
SBIN.NS Neutral 2 Rising Rising
TATASTEEL.NS Neutral 2 Rising Rising
TCS.NS Bulllish 2 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 1643.4 67.81 59.65 25.19
ICICIBANK.NS 434.1 72.76 61.06 19.01
INFOSYSTC.NS 1448.6 65.82 63.36 22.6
ITC.NS 190.55 68.33 57.96 16.98
MARUTI.NS 803 77.1 56.72 44.83
SBIN.NS 1311.15 70.01 66.32 29.91
TATASTEEL.NS 261.15 65.58 60.65 38.41
TCS.NS 583.9 66.37 59.71 24.88
By
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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Narendra Nainani
AHMEDABAD, GUJARAT, India
Narendra Nainani is renowned technical analyst and stock market advisor of INDIA having experience of more than 26 years having excellent success ratio.Expert in Derivatives Products-Futures & Options,Intraday,Short Term ,Medium Term,Long Term,Portfolio Management,IPO & Mutual Fund Advisor.Covered regularly by E TV & Business Magazines like The Economic Revolution for Market views.
India’s top most no.1 best stockmarket advice blog hot stocktips calls by expert technical analyst of India.Most preferred paid subscription stocktips calls website India.Excellent success ratio of more than 90%.good superb trading ideas.M-9898162770
website www.narendranainani.blogspot.com