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
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Narendra Nainani
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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
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