Bullet Advisory Indian Stocks Analyses Nifty Future Nifty Options Stock CallPutOptions

April 10, 2009 - PRLog -- Bullet Advisory Indian Stocks Weekly-It was tough of war among FII’s and DII’s in Indian Markets

   BSE Sensex (10803.86) and Nifty (3342.05) closed 4.4% and 4.1% up respectively last week. Nifty OI Put Call Ratio was 2.00. Nifty Future April was quoting at 18 points premium.Nifty Call Option April 3400 was very active.Support for Sensex is at 10350 and  Nifty  at 3190.Resistance for Sensex is at 11400 and Nifty is at 3550. Inflation was at 0.26 v/S 0.31 last week.Crude oil was at 51.00$.
 
   Market rose as FII’s continued their furious buying.DII’s who had lent support to the market in March when FII’s were selling relentlessly on the other hand chose to book profits.Infosys Technologies will declare Q4 March 2009 results on 15th April 2009.
 
   Reliance Industries and ICICI Bank added Open Interest in April Series.Essar Oil and REL shaded Open Interest.Huge position was build up at ICICI Bank April Call Option Strike Price 400.Good build up was also seen at NTPC April Call Option Strike Price 200. .

  Tactics for Future Option players.

1)ICICI Bank(397.80) Lot Size-700 Shares
  Buy One Call Option of  April Strike Price 390@29.25 Rs.
  Sell One Call Option of  April Strike Price 440@11.45  Rs.
  Premium .Paid=29.25*700=20475.00 Rs.
  Premium Received=.11.45*700=8015.00 Rs.
  Net Premium Paid=20475.00-8015.00=12460.00 Rs.
  Maximum Profit=440-390=50*700=35000-12460=22540.00 Rs.
  Maximum Loss=12460.00 Rs.
  Break-even= 407.80 Rs.  

2)UNITECH(41.60) April Future-Lot Size 9000 shares.
   Buy One Lot April Future @41.60 Rs.
   Sell One Call Option of  April Strike Price 45@2.95 Rs.
   Premium Received=2.95*9000=26550.00 Rs.
   Max Profit==45-41.60=3.40*9000=30600.00+26550=57150.00 Rs.
   Max Loss=Unlimited.





  Trading Idea

1)SIEMENS(286.65)Buy this Stock in decline and trade.   
2)YES Bank(62.65)Buy this Stock in decline and trade




  Trend of Major Stocks


               
               
STOCK TREND Days  WeeklyTrend  MonthlyTrend

BHEL.NS               Bearish   2   Rising   Rising   
ICICIBANK.NS   Bulllish   3   Rising   Rising   
INFOSYSTC.NS   Neutral               1   Rising   Rising   
ITC.NS               Neutral               1   Rising   Rising   
MARUTI.NS               Neutral               1   Rising   Rising   
SAIL.NS                Neutral   1   Rising   Rising   
SBIN.NS                Neutral   3   Rising   Rising   
TATASTEEL.NS   Bulllish   4   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            1498.65   67.8   54.24   20.26
ICICIBANK.NS   397.8   69.82   62.21   16.66
INFOSYSTC.NS   1427   76.44   67.53   24.4
ITC.NS             187.15   64.09   58.8   22.55
MARUTI.NS              809.1   75.25   73.08   53.53
SAIL.NS             110.75   68.06   69.93   36.48
SBIN.NS             1140.3   57.62   60.51   23.66
TATASTEEL.NS   261.1   82.68   73.85   33.65
TCS.NS              602.55   83.07   67.9   30.55
               By
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