Bullet Advice For Indian Stocks Weekly- expectation of pension and banking reform keep market firm
BSE Sensex (14744.92) and Nifty (4374.95) closed 9.2% and 9.3 % up respectively
last week.Nifty OI put call ratio was 1.16.Nifty Future July was quoting at 23.05 points premium.Nifty Call Option July 4300 was very active.Support for Sensex is at 13700 and Nifty at 4065.Resistance for Sensex is at 15835 and Nifty is at 4700.Crude oil was at 61.72 $.
Analyst expect that worst may be over for the economy.Slow and steady growth will help it to fight the recession.RIL and RNRL case for gas supply will come for hearing in Supreme Court on 20th July 2009.
SBI and ICICI Bank added Open Interest in July series..Maruti and Tata Motors shaded Open Interest.Huge position was build up at RIL July Call Option Strike Price 2010.Good build up was also seen at Tata Steel July Call Option Strike Price 400.
Tactics for Future Option players.
1)ICICI Bank(742.85) Lot Size-350 Shares
Premium .Paid=32.50*350= 11375.00 Rs.
Premium Received=.10.50*350=3675.00 Rs.
Net Premium Paid=11375-3675= 7700.00 Rs.
Maximum Profit=800-740=60*350=21000-7700=13300.00 Rs.
Break Even Price=762
2)Ashok Leyland(33.60) July Future-Lot Size 9550 shares.
Buy One Lot July Future @33.60
Sell One Call Option of July Strike Price 37.50@0.75 Rs.
Premium Received=0.75*9550=7162.50 Rs
Maximum Profit=37.50-33.60=3.9*9550=37245.00+7162.50=44407.50 Rs.
Max Loss=Unlimited.
Trend of Major Stocks
STOCK TREND Days WeeklyTrend MonthlyTrend
BHEL.NS Bulllish 4 Falling Falling ICICIBANK.NS Bulllish 4 Falling Falling INFOSYSTC.NS Bulllish 6 Rising Rising ITC.NS Bulllish 1 Rising Rising MARUTI.NS Bulllish 4 Rising Falling SBIN.NS Bulllish 4 Falling Rising TATASTEEL.NS Bulllish 4 Rising Rising TCS.NS Bulllish 7 Rising Falling
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 2227.2 48.35 58.66 21.78 ICICIBANK.NS 742.85 44.42 56.31 16.08 INFOSYSTC.NS 1866.3 59.24 56.72 66.62 ITC.NS 229.25 66.89 73.87 25.31 MARUTI.NS 1181.45 69.91 68.8 15.28 SBIN.NS 1673.95 47.74 53.22 20.54 TATASTEEL.NS 392.35 52.08 52.04 15.93 TCS.NS 434.1 73.26 46.25 36.45
Trading Idea
1)Tata Chem(206.55)Buy this stock in decline and trade.
2)Tata Power(1144.75) Buy this stock in decline and trade.
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.
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 NIFTYOPTIONSTIPS.



