Bullet Advisory Analyses Sensex Nifty Stocks Indian Stock Exchange
Bullet Advice For Indian Stocks Weekly- market builds up confidence after President Pratibha Patil's address to the house.
BSE Sensex (15103.55) and Nifty (4586.90) closed 3.3% and 3.1% up respectively last week. Nifty OI Put Call Ratio was 1.10.Nifty Future June was quoting at 5.45 points premium.Nifty Call Option June 4600 was very active.Support for Sensex is at 14700 and Nifty at 4480.Resistance for Sensex is at 15400 and Nifty is at 4665.Crude oil was at 68.80 $.
Union Budget will be presented on 3rd July 2009 by Finance Minister Pranab Mukherjee.The Government is determined to go ahead with pension reforms, divestment programme and recapitalisation of public sector banks.
MRPL and Petronet added Open Interest in June Series.ACC and ICICI Bank shaded Open Interest.Huge position was build up at Hindalco June Call Option Strike Price 100.Good build up was also seen at Ranbaxy June Call Option Strike Price 300.
Tactics for Future Option players.
1)ICICI BANK(754.75) Lot Size-700
Sell One Call Option of June Strike Price 800 @30.35 Rs.
- Premium .Paid=45.15*700=31605.00 Rs.
Premium Received=.30.35*700=21245.00 Rs.
Net Premium Paid=31605.00-21245.00=10360.00 Rs.
Maximum Profit=800-760=40*700=28000.00-10360.00=17640.00 Rs.
Maximum Loss=10360.00 Rs.
Break Even Price=774.80
2)HINDALCO(93) June Future-Lot Size 7036 shares.
Buy One Lot JuneFuture @93.00 Rs.
Sell One Call Option of June Strike Price 100@5.00 Rs.
Premium Received=5*7036=35180.00 Rs
Maximum Profit=100-93=7*7036=49252.00+35180.00=84432.00 Rs.
Max Loss=Unlimited.
Trading Idea
- 1)DR REDDY(686.30)Buy this Stock in decline and trade
- 2)MRPL(93.55)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 1 Rising Falling
- MARUTI.NS Bulllish 2 Rising Rising
- SBIN.NS Bearish 3 Rising Rising
- TATASTEEL.NS Bearish 1 Rising Rising
- TCS.NS Bulllish 8 Rising 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 2287.5 55.88 73.23 47.01
- ICICIBANK.NS 754.75 54.45 67.4 40.31
- INFOSYSTC.NS 1698.9 43.23 62.19 36.4
- ITC.NS 191.35 46.5 50.9 30.35
- MARUTI.NS 1087.1 70.32 74.08 45.3
- SBIN.NS 1817.65 47.43 66.29 45.12
- TATASTEEL.NS 463.9 61.56 77.82 49.48
- TCS.NS 721.35 54.99 63.79 37.96
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.
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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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