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   Bullet Advisory Indian Stocks Weekly-possibility of a stable government will boost the market sentiment

   BSE Sensex (12173.42) and Nifty (3671.65)  closed 2.5%  and 1.4% up respectively last week. Nifty  OI Put Call Ratio was 1.19. Nifty Future May was quoting at 14 points premium.Nifty Call Option May 3700 was very active.Support for Sensex is at 11400 and  Nifty  at 3465.Resistance for Sensex is at 12650 and Nifty is at 3810.Crude oil was at 58.00$.

  As per the reports of vote counting  for the parliamentary elections Congress party will be able to form a stable government.Minimum seats required to form the government for a party/alliance is 272 out of the total 543 seats.Congress is leading on 258 seats.

  SBI and  RIL added Open Interest in May Series.SUZLON  and INFOSYS shaded Open Interest.Huge position was build up at SBI May Call Option Strike Price 1320.Good build up was also seen at DLF May Call Option Strike Price 260.

   Tactics for Future Option players.

1)ChambalFertilizers(47.85) Lot Size-6900      

   Buy One Call Option of  May Strike Price 50@2.55 Rs.

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

1.    Premium .Paid=2.55*6900=17595.00 Rs.                                 

   Premium Received=.1.20*6900=8280.00 Rs.

   Net Premium Paid=-17595.00-8280.00 Rs.=9315.00 Rs.

   Maximum Profit=55-50=5*6900=34500.00-9315.00=25185.00 Rs.

   Maximum Loss=9315.00 Rs.

   Break Even Price=51.35 Rs.

2)TTML(24.35) May Future-Lot Size 10450 shares.

    Buy One Lot May Future @24.35 Rs.

    Sell One Call Option of  May Strike Price 25@1.10 Rs.

    Premium Received=1.10*10450=11495.00 Rs

    Maximum Profit=25-24.35=0.65*10450=6792.50 +11495.00=18287.50 Rs.

    Max Loss=Unlimited.

   Trading Idea

1. 1)SBI(1313.50)Buy this Stock in decline and trade                

2)India Infoline(94.25)Buy this Stock in decline and trade

   Trend of Major Stocks

STOCK TREND Days  WeeklyTrend  MonthlyTrend

1. BHEL.NS                    Bulllish  1          Rising   Rising  
2. ICICIBANK.NS         Bulllish  1          Rising   Rising  
3. INFOSYSTC.NS        Neutral             1          Rising   Rising  
4. ITC.NS                        Bearish 3          Falling  Rising  
5. MARUTI.NS               Bulllish  1          Falling  Rising  
6. SBIN.NS                     Bulllish  1          Falling  Rising  
7. TATASTEEL.NS         Neutral             1          Falling  Rising  
8. 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 

1. BHEL.NS                 1706.65  66.35   57.93   22.39
2. ICICIBANK.NS         574.7   61.4     66.78   35.46
3. INFOSYSTC.NS        1592.8 55.66   65.03   37.25
4. ITC.NS                        186.05 48.33   48.04   15.25
5. MARUTI.NS               848.2   64.83   58.83   25.9
6. SBIN.NS                   1313.5   47.74   56.83   21.46
7. TATASTEEL.NS         272      40.91   56.12   28.5
8. TCS.NS                     644.05   35.56   62        33.71
9. TATASTEEL.NS         282.4   59.83   60.26   33.79

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.

   Website <a onClick="javascript:pageTracker._trackPageview('/outgoing/article_exit_link');" href="http://www.narendranainani.blogspot.com">NIFTYFUTURE</a>.

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