Bullet Advisory Analyses Indian Stock Market NSE Nifty F&O Stocks

Bullet Advice For Indian Stocks Weekly -market discounts bad news to march forward

BSE Sensex (15411.63) and Nifty (4580.05)  closed 1.7% and 2.2% up respectively last week.Nifty Future August was quoting  at 19.05 points discont.Nifty Call Option August 4600 was very active.Support for Sensex is at 14890 and  Nifty  at 4420.Resistance for Sensex is at 16000 and Nifty is at 4780.Crude oil was at 67.47 $.

Market discounted the bad news of 56% below normal monsoon progress and the threat of worst drought was also ignored on early signs of revival in the economy.Primary market has once again become active and investors await Initial Public Offering of companies like Oil India ,Coal India and BSNL.

RIL and  Tata Steel added Open Interest in August  series.Ranbaxy and Idea shaded Open Interest.Huge position was build up at IFCI August Call Option Strike Price 55.Good build up was also seen at RNRL August Call Option Strike Price 85.

Tactics for Future Option players.

1)IFCI(53.10) Lot Size-7880

1. Buy One Call Option of  August Strike Price 52.50@ Rs.2.90
2. Premium .Paid=2.90*7880=22852.00  Rs.

Premium Received=1.40*7880=11032.00 Rs.

Net Premium Paid=22852.00-11032.00= 11820.00 Rs.

Maximum Profit==57.50-52.50=5*7880=39400-11820=27580.00 Rs.

Break Even Price=54

2)Chambal Fertilizers(51.80) August Future-Lot Size 3450 shares.

Buy One Lot August Future @51.80

Sell One Call Option of  August Strike Price 55@1.20 Rs.

Premium Received=1.20*3450=4140.00 Rs

Maximum Profit=55-51.80==3.2*3450=11040+4140=15180.00 Rs.

Max Loss=Unlimited.

Trend of Major Stocks

STOCK TREND Days  WeeklyTrend  MonthlyTrend

1. BHEL.N                Bulllish  2 Falling Falling
2. ICICIBANK.NS   Bulllish  2 Falling Falling
3. INFOSYSTC.NS  Bearish 3 Falling Rising
4. ITC.NS                 Bulllish 3 Falling Rising
5. MARUTI.NS       Bulllish 2 Falling Rising
6. SBIN.NS              Bulllish 2 Falling Falling

TATASTEEL.NS Bulllish 2 Rising Rising

1. TCS.NS               Bearish 3 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

1. BHEL.NS        2200.6 37.32   50.42   13.69
2. ICICIBANK.NS         744.85 49.63   52.25   13.92
3. INFOSYSTC.NS        2042.35           69.44   56.67   52.84
4. ITC.NS            234.95 57.11   50.14   69.39
5. MARUTI.NS   1349.25           69.45   56.17   30.33
6. SBIN.NS         1800.75           58.78   56.74   16.56
7. TATASTEEL.NS         469.95 61.58   57.56   22.68
8. TCS.NS           521.5   72.84   56.07   27.9

Trading Idea

1)HPCL(366.80)Buy this stock in decline and trade.

2)EKC(194.90) Buy this stock in decline and trade.

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By

Bullet Advisory Indian Stocks-India's Top Most No.1 Best Stock Market Advice Blog,Hot Stock Tips Calls by Expert Technical Analyst Narendra Nainani of India.Most Preferred and Successful  Paid Subscription Stock Tips Calls Website of India.Excellent Success Ratio of more than 90% with Superb trading ideas.Most Successful Intraday Stock Future Calls Provider Service Indian Share Market.

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