State Senate votes to force UND to keep Sioux name
State senators voted Friday to force the University of North Dakota to keep its Fighting Sioux nickname, but the school’s president said he would take his orders from the Board of Higher Education instead.

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PM Lee: We must keep Singapore open and welcoming to ‘talent’
In his New Year’s message to Singaporeans, Prime Minister Lee Hsien Loong acknowledged the challenge of ‘managing’ the inflow of foreigners and to keep HDB flats affordable, but re-affirmed his committment to his ultra-liberal and pro-foreigner policies by emphasizing the ‘need’ to keep Singapore open. “We have the means to tackle these problems, and make things [...]

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‘Unless vendors keep pace, auto biz will be hurt’
Auto sales continued to break record for the fourth consecutive month in October, with total vehicles sold in the country last month stood at 14,60,655 units.

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BSE Sensex (8891.61) and Nifty (2763.65) closed 0.5% and 1.0% up respectively last week. Nifty put call ratio was 1.40. Nifty March 2700 put option added open interest Support for Sensex is at 8670 and for Nifty 2690.Resistance for Sensex is at 9200 and Nifty is at 2860. Inflation was at 3.36 v/S 3.92 last week. Crude oil was at 44$.Reduction in excise duty and service tax by two percentage declared by the Government helped the ailing sentiment and market survived despite the downgrade of India’s outlook by Standard & Poor’s (S&P). GDP Q3 Nos at 5.3% were much below expectations and for the first time in last 16 quarters has come below 7%.Reliance Industries board will meets on 2nd March 2009 to mull the merger with RPL. Merger ratio within 17 to 24 shares is being speculated by the market participants. ACC and Powergrid added open interest. MRPL and BhushanSteel shaded open interest. Huge position was build up at IFCI March call option strike price 20 and Powergrid March call option strike price 100. Good build up was also seen at Reliance Industries March put option strike price 1260 and ICICI Bank March put option strike price 320.

Tactics for Future Option players.

1)NagarjunaFertilizer(15.40) Lot Size-21000 Shares
Buy one call option of March strike price 15@1.20 Rs.
Sell one call option of March strike price 20@0.15 Rs.
Premium .Paid=1.20*21000=25200.00 Rs.
Premium Received=0.15*21000=3150.00 Rs.
Net Premium Paid=25200-3150=22050.00Rs.
Maximum Profit=20-15=5*21000=105000.00-22050.00=82950.00 Rs.
Maximum Loss=22050.00 Rs.
Break-even=16.05 Rs.

2)TataSteel(171.50) March future-Lot Size 1528 shares.
Buy one lot March future @171.50
Sell one call option of March strike price 190@4.90 Rs.
Premium Received=4.90*1528=7487.20Rs.
Max Profit==190-171.50=18.5*1528=28268.00+7487.20=35755.20 Rs.
Max loss=Unlimited.

Trading Idea

1)HDFC Bank(889.50)Buy this stock in decline and trade.
2)Alok Textiles(16.10)Buy this stock in decline and trade

Trend of Major Stocks

STOCK TREND Days WeeklyTrend MonthlyTrend

BHEL.NS Bulllish 8 Rising Rising
ICICIBANK.NS Neutral 1 Falling Rising
INFOSYSTC.NS Bulllish 3 Falling Rising
ITC.NS Bearish 1 Rising Rising
MARUTI.NS Bulllish 3 Rising Rising
SBIN.NS Neutral 1 Falling Rising
TATASTEEL.NS Bulllish 2 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 1403.85 53.62 52.08 12.85
ICICIBANK.NS 327.55 27.89 33.68 23.2
INFOSYSTC.NS 1231.25 52.09 50.1 20.79
ITC.NS 183.05 59.58 57.83 18.15
MARUTI.NS 677.3 67.63 67.23 25.13
SBIN.NS 1025.3 40.88 35.29 25.88
TATASTEEL.NS 172.8 64 45.25 19.31
TCS.NS 483.1 54.26 45.29 15.93

Website narendranainani.blogspot.com.

Calm of Zen helps Murray to keep mind over matter
HELPED by an eastern influence – he’s reading a book on the teachings of Zen and indulged in a spot of yoga over the winter to prevent a recurrence of some back trouble –

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