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Follow on Google News | Nifty Outperforms Global Indices Scales 52 Week HighIndian market continued it’s uptrend for the 14th consecutive week and climbed
By: narendra nainani BSE Sensex (15237.94) and Nifty (4583.40) closed 0.9% up and 0.1% down respectively last week. Nifty OI Put Call Ratio was 1.09.Nifty Future June was quoting at 4.50 points premium.Nifty Call Option June 4700 was very active.Support for Sensex is at 14650 and Nifty at 4400.Resistance for Sensex is at 15700 and Nifty is at 4730.Crude oil was at 71.50 $. Indian market continued it’s uptrend for the 14th consecutive week and climbed to 52 week high.Nifty has outperformed the global indices by wide margin.Inherent strength of the economy combined with stable Government at the center invited fresh buying from investors. RIL and TataSteel added Open Interest in June Series.Sintex and GMR Infra shaded Open Interest.Huge position was build up at RIL June Call Option Strike Price 2400.Good build up was also seen at ICICI Bank June Call Option Strike Price 760. Tactics for Future Option players. 1)Reliance Industries(2362.10) Buy One Call Option of June Strike Price 2370 @80.00 Rs. Sell One Call Option of June Strike Price 2460 @44.00 Rs. Premium .Paid=80*300= Premium Received=.44* Net Premium Paid=24000-13200= Maximum Profit=2460- Maximum Loss=10800.00 Rs. Break Even Price=2406 2)ITC(197) June Future-Lot Size 2250 shares. Buy One Lot JuneFuture @197.00 Rs. Sell One Call Option of June Strike Price 210@3.20 Rs. Premium Received=3.20* Maximum Profit=210-197= Max Loss=Unlimited. Trading Idea 1)Cipla(251.05) 2)Union Bank(231.05) Trend of Major Stocks STOCK TREND Days WeeklyTrend MonthlyTrend BHEL.NS ICICIBANK.NS Bulllish 2 INFOSYSTC.NS Bearish 7 ITC.NS MARUTI.NS SBIN.NS TATASTEEL.NS Neutral 2 TCS.NS 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 ICICIBANK.NS 742.45 Loser 53.69 54.32 INFOSYSTC.NS 1728.45 Loser 48.2 ITC.NS MARUTI.NS SBIN.NS TATASTEEL.NS 457.75 Neutral TCS.NS 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. Website http://www.narendranainani.blogspot.com Website POSITIONALNIFTYOPTIONSTIPS . M-+919898162770 # # # BULLET ADVISORY INDIAN STOCKS - Narendra Nainani , Renowned Technical Analyst of India provides Advisory Service for Indian Stocks.Advice for Portfolio Nifty,Sensex,Stock Future,Nifty Stock Call Put Option with excellent success ratio.You can join this. Website http://www.narendranainani.blogspot.com Website INTRADAYNIFTYOPTIONS . End
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