Stocks Week
Bullet Advisory Indian Stocks Weekly-Pre-election rally materializes by default courtesy G-20 meet
BSE Sensex (10357.47) and Nifty (3211.05) closed 3.0% and 3.3% up respectively last week. Nifty Put Call Ratio was 1.67. Nifty April 3200 Call Option was very active. .Support for Sensex is at 9780 and Nifty at 3040.Resistance for Sensex is at 11000 and Nifty is at 3400. Inflation was at 0.31 v/S 0.27 last week. Crude oil was at 51.00$.Market rose ahead of G-20 meet on anticipation that majors economies will resolve the global financial crisis.Indian Stock Market will remain closed on Third, Seventh and Tenth April,2009 because of festive holidays.RNRL and MRPL added Open Interest in April Series. ChambalFertilizers and HDIL shaded Open Interest.Huge position was build up at SAIL April Call Option Strike Price 105.Good build up was also seen at SUZLON April Call Option Strike Price 55. .
Tactics for Future Option players.
1)IFCI(21.05) Lot Size-15760 Shares
Buy One Call Option of April Strike Price 20@2.25 Rs.
Sell One Call Option of April Strike Price 25@0.70 Rs.
Premium .Paid=2.25*15760=35460.00 Rs.
Premium Received=.0.70*15760=11032.00 Rs.
Net Premium Paid=35460.00-11032.00=24428.00 Rs.
Maximum Profit=25-20=5*15760=78800-24428.00=54372.00 Rs.
Maximum Loss=24428.00 Rs.
Break-even= 21.55Rs.
2)SUZLON(50.75) April Future-Lot Size 6000 shares.
Buy One Lot April Future @50.75 Rs.
Sell One Call Option of April Strike Price 55@2.85 Rs.
Premium Received=2.85*6000=17100.00 Rs.
Max Profit==55-50.75=4.25*6000=25500.00+17100.00=42600.00 Rs.
Max Loss=Unlimited.
Trading Idea
1)DLF(202.55)Buy this Stock in decline and trade.
2)JPHYDRO(30.65)Buy this Stock in decline and trade
Trend of Major Stocks
STOCK TREND Days WeeklyTrend MonthlyTrend
BHEL.NS Bulllish 1 Rising Rising
ICICIBANK.NS Neutral 2 Rising Rising
INFOSYSTC.NS Bulllish 2 Rising Rising
ITC.NS Neutral 2 Rising Rising
MARUTI.NS Neutral 1 Rising Rising
SAIL.NS Bulllish 1 Rising Rising
SBIN.NS Bulllish 1 Rising Rising
TATASTEEL.NS Bulllish 1 Rising Rising
TCS.NS Bulllish 1 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 1535.95 62.29 57.21 20.27
ICICIBANK.NS 360.7 59.92 53.97 19.35
INFOSYSTC.NS 1419.4 73.34 67.26 22.03
ITC.NS 185.3 57.43 60.36 22.85
MARUTI.NS 794.55 71.34 73.33 49.98
SAIL.NS 107.3 68.41 67.85 32.71
SBIN.NS 1147.05 48.29 62.02 24.66
TATASTEEL.NS 225.1 73.98 65.3 29.67
TCS.NS 578.75 78.7 64.36 24.9
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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About the Author
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.
India’s top most no.1 best stockmarket advice blog hot stocktips calls by expert technical analyst of India.Most preferred paid subscription stocktips calls website India.Excellent success ratio of more than 90%.good superb trading ideas.M-9898162770
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