Bullet Advisory Analyses Indian Stock Market NSE Nifty Future Option Stocks

Bullet Advice For Indian Stocks Weekly- traders book profit ahead of F & O expiry

BSE Sensex (14521.89) and Nifty (4313.60)  closed 4.7% and 5.9 % down  respectively last week. Nifty  OI Put Call Ratio was 0.85.Nifty Future June was quoting at 10.2 points premium.Nifty Call Option June 4300 was very active.Support for Sensex is at 14000 and  Nifty  at 4140.Resistance for Sensex is at 15100 and Nifty is at 4540.Crude oil was ats 69.40 $.

Indian Government will sell 10% equity stake of BHEL a leading PSU co..NSE has decided to  change the calculation method for determining the Indices from fixed float to free float This will come into  affect from 26th June 2009.Weightage of ONGC,NALCO,SAIL,POWER GRID and NTPC will come down drastically.Infosys and ICICI Bank will benefit from this move.

RIL and  TataSteel added Open Interest in June Series.Dish TV and TTML shaded Open Interest.Huge position was build up at Tata Steel June Call Option Strike Price 400.Good build up was also seen at Suzlon June Call Option Strike Price 110.

Tactics for Future Option players.

1)NTPC(198) Lot Size-1625 Shares

Sell One Call Option of  July Strike Price 220 @7.55 Rs.

1. Premium .Paid=13.50*1625=21937.50 Rs.

Premium Received=.7.55*1625=12268.75.00 Rs.

Net Premium Paid=21937.50-12268.75=9668.75  Rs.

Maximum Profit=220-200=20*1625=32500.00-9668.75=22831.25 Rs.

Maximum Loss=9668.75 Rs.

Break Even Price=205.95

2)Infosys Tech(1772) July Future-Lot Size 200 shares.

Buy One Lot July Future @1772.00 Rs.

Sell One Call Option of  July Strike Price 1890@51.50 Rs.

Premium Received=51.50*200=10300.00 Rs

Maximum Profit=1890-1772=118*200=23600.00 +10300.00=33900.00 Rs.

Max Loss=Unlimited.

Trading Idea

1. 1)Punj Lloyd(194.85)Buy this Stock in decline and trade
2. 2)LITL(343.90)Buy this Stock in decline and trade

Trend of Major Stocks

STOCK TREND Days  WeeklyTrend  MonthlyTrend

1. BHEL.NS                     Neutral            1          Falling  Rising
2. ICICIBANK.NS         Neutral              1         Falling  Rising
3. INFOSYSTC.NS        Bulllish  2          Rising   Rising
4. ITC.NS                        Bulllish  1          Rising   Falling
5. MARUTI.NS               Bearish 6          Falling  Rising
6. SBIN.NS                     Bulllish  8          Rising   Rising
7. TATASTEEL.NS         Neutral             1          Falling  Rising
8. TCS.NS                       Bearish 4          Falling  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                 2088.85  45.68   51.78   41.16
2. ICICIBANK.NS         714.05 44.02   52.88   27.2
3. INFOSYSTC.NS        1770.4 60.36   51.12   63.97
4. ITC.NS                       200.6    56.86   56.55   27.71
5. MARUTI.NS            1049.9    59.71   56.25   31.43
6. SBIN.NS                 1724.6     48.1     55.59   34.8
7. TATASTEEL.NS         412.55 54.11   53.53   31.74
8. TCS.NS                       379.8   67.62   24.78   45.74

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