Bullet Advisory Indian Stocks Publishes Weekly Report On Indian Stock Exchange

Jan. 31, 2009 - PRLog -- Bullet Advisory Indian Stocks Weekly— Markets soar up from oversold territory on short covering

BSE Sensex(9424.24) and Nifty(2874.80) closed 8.6% and 7.3% up  respectively last week. Inflation was at 5.64 v/s 5.60 last week. Crude oil was at 42$.Markets soar up from oversold territory on the news of $819 billion stimulus package being passed by U.S.House of Representatives. L&T expressed their interest to buy Satyam to Government of India. Fiedility bought 1.71 Cr. shares of Satyam from the open market. IMF reduced the growth forecast of India to 5.1% from 6.3% in 2009 .Government announced the price cut of petrol and diesel by five Rs and two Rs. respectively. Reliance Industries got interim order from Bombay high court to sell KG Basin gas till final  judgement which is expected by mid March. Support for Sensex is at 9000 and for Nifty 2740.Resistance for Sensex is at 9860 and Nifty is at 3000. Nifty put call ratio was 1.21.Nifty February 2700 put option added open interest. SAIL  and RPL  added open interest. SBI and HPCL shaded open interest. Huge position was build up at BHEL February put option strike price 1290 and L&T February call option strike price 680.

Tactics for Future Option players.

1)Hindalco(48.95) Lot Size-1759 Shares
  Buy one call option of February  strike price 50@3.85 Rs.
  Sell one call option of February strike price 55@2.00   Rs.
  Premium .Paid=3.85*1759=6772.15 Rs.
  Premium Received=2*1759=3518.00 Rs.
  Net Premium Paid=6772.15-3518=3254.15 Rs.
  Maximum Profit=55-50=5*1759=8795-3254.15=5540.85 Rs.
  Maximum Loss=3254.15 Rs.
  Break-even=51.85  Rs.

2)Petronet(37.35) February future-Lot Size 2200 shares.
   Buy one lot  February future @37.35
   Sell  one call option of  Februay strike price 40@1.90 Rs.
   Premium Received=1.90*2200=4180.00  Rs.
   Max Profit==40-37.35=2.65*2200=5830.00+4180.00=10010.00 Rs.
   Max loss=Unlimited.




Trading Idea

1)MARUTI(568.30)Buy this stock in decline and trade.   
2)BPCL(391.95)Buy this stock in decline and trade.   



Trend of Major Stocks


               
               
STOCK TREND Days  WeeklyTrend  MonthlyTrend

BHEL.NS        Bearish   2   Falling   Rising      
ICICIBANK.NS  Bulllish   4   Rising   Rising      
INFOSYSTC.NS Bulllish   4   Rising   Falling      
ITC.NS        Bulllish   4   Rising   Rising      
MARUTI.NS        Bulllish   2   Rising   Rising      
SBIN.NS        Bulllish   4   Rising   Rising      
TATASTEEL.NS Bulllish   3   Rising   Rising      
TCS.NS        Bulllish   4   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       1320.8   46.85   44.43   12.26
ICICIBANK.NS 416.25   46.88   50.06   17.28
INFOSYSTC.NS 1306.65   69.32   61.52   22.13
ITC.NS        180.1   66.4   63.01   12.11
MARUTI.NS        568.30       75.86   55.16   20.07
SBIN.NS        1151   48.65   47.82   28.48
TATASTEEL.NS 184.6   57.04   43.03   21.96
TCS.NS         511.6   54.13   52.31   10.09
by
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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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.