Bullet Advice For Indian Stocks Weekly – market may remain stock specific because of derivatives expiry
BSE Sensex (17021.80) and Nifty (5052.45) closed up by 1.0% and 1.08 % up respectively last week.Nifty Future November was quoting at 13.8 points premium.Nifty Call Option November 5000 was very active.Support for Sensex is at 16740. Resistance for Sensex is at 17380 .Support for Nifty is at 4900 and resistance at 5210.Crude oil was at 77.50 $.
Tata Steel and Tata Motors will unveil Q2 results next week. The Organization of Economic Co-operation and Development (OECD) has predicted India’s GDP growth at 7.6% in 2011.
Suzlon and ICICI Bank added Open Interest in November series.Huge position was build up at Reliance Industries November Call Option Strike Price 2100.Good build up was also seen at Suzlon November Call Option Strike Price 75..
1)Tata Steel(552.95) Lot Size-764 Shares
Buy One Call Option of November Strike Price 540@ Rs.17.75 Rs
Sell One Call Option of November Strike Price 560@8.0 Rs.
Premium .Paid=17.75*764=13561.00 Rs.
Premium Received=8*764=6112.00 Rs.
Net Premium Paid==13561-6112=7449.00 Rs.
Maximum Profit==560-540==20*764=15280-7449=7831.00 Rs.
Maximum Loss= 7449.00 Rs.
Break Even Price=549.75
2)JP Hydro(76.35) November Future-Lot Size 3125 shares.
Buy One Lot November Future @76.35
Sell One Call Option of November Strike Price 80@1.00 Rs.
Premium Received=1.00*3125= 3125.00 Rs
Maximum Profit=80-76.35=3.65*3125=11406.25 + 3125.00=14531.25 Rs.
Max Loss=Unlimited.
Trend of Major Stocks
STOCK TREND Days WeeklyTrend MonthlyTrend
BHEL.NS Neutral 2 Falling Falling ICICIBANK.NS Bearish 3 Flat! Flat! INFOSYSTC.NS Neutral 2 Rising Falling ITC.NS Bulllish 1 Flat! Flat! MARUTI.NS Bearish 1 Rising Falling SBIN.NS Bulllish 1 Flat! Flat! TATASTEEL.NS Bulllish 1 Flat! Flat! TCS.NS Bulllish 1 Flat! Flat!
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 2261.4 36.34 45.71 15.15 ICICIBANK.NS 897 52.39 53.39 20.39 INFOSYSTC.NS 2426.7 59.75 66.56 24.08 ITC.NS 259.9 56.5 56.85 19.24 MARUTI.NS 1542.8 49.43 56.5 11.38 SBIN.NS 2334.95 50.67 56.35 15.27 TATASTEEL.NS 552.95 61.35 60.25 19.5 TCS.NS 693.15 64.03 69.59 22.92
Trading Idea
1)Nagarjuna Fertilizer(30.90)Buy this stock in decline and trade.
2)ITC(259.50) Buy this stock in decline and trade
By
Bullet Advisory Indian Stocks-India’s Top Most No.1 Best Stock Market Advice Blog,Hot Stock Tips Calls by Expert Technical Analyst Narendra Nainani of India.Most Preferred and Successful Paid Subscription Stock Tips Calls Website of India.Excellent Success Ratio of more than 90% with Superb trading ideas.Most Successful Intraday Stock Future Calls Provider Service Indian Share Market.
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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.
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