58 Cue 21

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Bullet Advisory Indian Stocks Weekly-indian Market Will Watch State Elections Developments

 

BSE Sensex (9092.72) and Nifty (2755.10) closed 2.0% and 2.3%  up last week.Nifty put-call ratio was 0.85.Support for Sensex is 8760 and for Nifty 2660.Resistance for Sensex is 9420 and Nifty is at 2870.Inflation was also under control 8.84 v/s 8.90 last week.Crude oil was at 53$.Market rose as Timothy Geithener was announced as next treasury secretory by U.S. government. Citi Bank bail out package of $26 billions also fuelled the buying  in the market as bears chose to cut the positions.China reduced the bank rate which also helped markets to recover from low levels. Terrorist attacks in Mumbai in India on Thursday forced the authorities to keep the market closed.On Friday markets opened on nervous note but recovered on good global cues. Expiry day for the future and option settlement was also shifted from Thursday to Friday. Selling of FII was visible...Nifty 2400 put added open interest.SAIL  and Bharti Airtel   added open interest.

 

Strategy for Future Option players.

 

1)ICICI BANK(351.65)  Lot Size-175 Shares.

 

   Buy one call option of December month strike price 350@38.65 Rs.

 

   Sell  one call option of December month strike price 400@18.00 Rs.

 

   Premium Paid=38.65*175=6763.75 Rs.

 

   Premium Received=18*175=3150.00 Rs.

 

   Net Premium Paid=6763.75-3150.00=3613.75 Rs.

 

   Maximum Profit=400-350=50*175=8750.00-3613.75=5136.25 Rs.

 

   Maximum Loss=3613.75 Rs.

 

   Break-even=370.65 Rs.

 

2)ITC(173.60) December  month future-Lot Size 1125 shares.

 

    Buy one lot  December month future@173.60

 

    Sell  one call option of  December month strike price 180@6.00.00 Rs.

 

    Premium Received=6.00*1125=6750.00 Rs.

 

    Max Profit=180.-173.60=6.40*1125=7200.00+6750.00=13950.00  Rs.

 

    Max loss=Unlimited.

 

Trading Idea

 

1)Reliance Capital(448.60)Buy this stock in decline and trade.

 

2)DLF(198.40)Buy this stock in decline and trade.

 

Trend of Major Stocks

 

 

 

 

 

            STOCK                        TREND          NO.OF Days   Weekly          Monthly

 

                                                                                                  Trend             Trend

 

                  ICICIBANK.NS       Bulllish       2                        Flat!               Flat!    

 

                  INFOSYSTC.NS       Bulllish      5                        Rising            Falling

 

                  ITC.NS                      Bulllish       2                        Flat!               Flat!    

 

                  MARUTI.NS             Bulllish       5                        Rising            Falling

 

                  SAIL.NS                     Bulllish      5                        Flat!               Flat!    

 

                  SATYAMCOM.NS   Bulllish      3                        Rising            Rising 

 

                  SBIN.NS                   Bearish       1                        Falling           Falling

 

                  TATASTEEL.NS      Neutral       1                       Flat!               Flat!    

 

                  TCS.NS                      Bulllish       5                        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        

 

 

 

 

 

 

 

ICICIBANK.NS        351.65             48.35   42.48   21.26              

 

INFOSYSTC.NS        1243.85           51.09   48.49   28.66              

 

ITC.NS                        173.6              51.54   54.92   17.31              

 

MARUTI.NS              533.55             39.3     42.37   31.39              

 

SAIL.NS                       66.65             50.47   38.55   34.62              

 

SATYAMCOM.NS    242.9               37.27   41.18   30.84              

 

SBIN.NS                    1088.55           34.82   41.03   29.36              

 

TATASTEEL.NS       151.4               37.76   30.58   38.33              

 

TCS.NS                       559.4               56.14   54.46   19.61                                                              

 

 

 

 

Website narendranainani.blogspot.com.

 

 

 

 

About the Author

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.

BULLET Advisory Indian Stocks
website www.narendranainani.blogspot.com

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