Bullet Advisory Indian Stocks Publish Weekly Analysis Of Share Market India

March 7, 2009 - PRLog -- Bullet Advisory Indian Stocks Weekly-Market to remain lackluster on holiday mood

BSE Sensex (8325.82) and Nifty (2620.15) closed 6.4% and 5.2% down respectively last week. Nifty Put Call Ratio was 1.28. Nifty March 2500 Put Option added Open Interest .Support for Sensex is at 7660 and  Nifty  at 2420.Resistance for Sensex is at 8720 and Nifty is at 2740. Inflation was at 3.03 v/S 3.36 last week.Crude oil was at 44$.Market will remain shut on 10th and 11th March 2009 because of Id and Holi festival respectively.Satyam Computers received an approval to sell 51 percent stake from the market regulator.Leading private bank ICICI slashed the home loan  rates by 25 to 50 basis points.Tata Steel reported higher sales nos.in February by over 47 percent  year on year basis. ICICI Bank and State Bank Of  India (SBI) added Open Interest. Reliance  Capital and Tata Steel shaded Open Interest. Huge position was build up at Reliance Industries March Call Option Strike Price 1200.Good build up was also seen at ONGC March Put Option Strike Price 660 .

Tactics for Future Option players.

1)HINDALCO(39.45) Lot Size-7036 Shares
  Buy One Call Option of  March Strike Price 40@1.75 Rs.
  Sell One Call Option of  March Strike Price 45@0.45   Rs.
  Premium .Paid=1.75*7036=12313.00 Rs.
  Premium Received=0.45*7036=3166.20 Rs.
  Net Premium Paid=12313.00-3166.20=9146.80 Rs.
  Maximum Profit=45-40=5*7036=35180-9146.80=26033.20  Rs.
  Maximum Loss=9146.80 Rs.
  Break-even= 41.30  Rs.

2)SAIL(76.70) March Future-Lot Size 5400 shares.
   Buy One Lot March Future @76.70
   Sell One Call Option of  March Strike Price 80@2.65 Rs.
   Premium Received=2.65*5400=14310.00 Rs.
   Max Profit==80.00-76.70=3.30*5400=17820.00+14310.00=32130.00 Rs.
   Max Loss=Unlimited.





Trading Idea

1)Escorts(33.45)Buy this Stock in decline and trade.   
2)Grasim(1401.55)Buy this Stock in decline and trade




Trend of Major Stocks


               
               
STOCK TREND Days  WeeklyTrend  MonthlyTrend


BHEL.NS               Bearish   5   Falling   Rising   
ICICIBANK.NS      Neutral       1   Falling   Falling   
INFOSYSTC.NS      Bulllish   1   Falling   Rising   
ITC.NS                     Bearish   6   Falling   Rising   
MARUTI.NS             Bearish   2   Falling   Rising   
SAIL.NS                     Bulllish     3   Falling   Rising   
SBIN.NS             Neutral            1   Falling   Falling   
TATASTEEL.NS   Bulllish       1   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               1311.15  49.05  48.99    13.22
ICICIBANK.NS      269.15     15.02    25.49    33.23
INFOSYSTC.NS     1219.35 42.38    49.56    21
ITC.NS                     164.55     36.53     32.8    20.04
MARUTI.NS              649.65     52.25     56.01    33.17
SAIL.NS                     76.75     48.38     47.15    14.46
SBIN.NS            941.1    23.23     27.4    33.83
TATASTEEL.NS   156.75    51.83     39.95    18.75
TCS.NS                  481.7    55.27     48.84    20.59
                              

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