Bullet Advisory Analyses Performance of Indian Share Market BSE NSE Sensex Nifty

Bullet Advice For Indian Stocks Weekly- Nifty outperforms global indices scales 52 week high

BSE Sensex (15237.94) and Nifty (4583.40)  closed 0.9%  up and 0.1% down  respectively last week. Nifty  OI Put Call Ratio was 1.09.Nifty Future June was quoting at 4.50 points premium.Nifty Call Option June 4700 was very active.Support for Sensex is at 14650 and  Nifty  at 4400.Resistance for Sensex is at 15700 and Nifty is at 4730.Crude oil was at 71.50 $.

Indian market continued it’s uptrend for the 14th consecutive week and climbed to 52 week high.Nifty has outperformed the global indices by wide margin.Inherent strength of the economy combined with stable Government at the center invited fresh buying from investors.

RIL and  TataSteel added Open Interest in June Series.Sintex and GMR Infra shaded Open Interest.Huge position was build up at RIL June Call Option Strike Price 2400.Good build up was also seen at ICICI Bank June Call Option Strike Price 760.

Tactics for Future Option players.

1)Reliance Industries(2362.10) Lot Size-300

Sell One Call Option of  June Strike Price 2460 @44.00 Rs.

1. Premium .Paid=80*300=24000.00 Rs.

Premium Received=.44*300=13200.00 Rs.

Net Premium Paid=24000-13200=10800.00 Rs.

Maximum Profit=2460-2370=90*300=27000-10800.00=16200.00 Rs.

Maximum Loss=10800.00 Rs.

Break Even Price=2406

2)ITC(197) June Future-Lot Size 2250 shares.

Buy One Lot JuneFuture @197.00 Rs.

Sell One Call Option of  June Strike Price 210@3.20 Rs.

Premium Received=3.20*2250=7200.00 Rs

Maximum Profit=210-197=13*2250=29250.00 +7200.00=36450.00 Rs.

Max Loss=Unlimited.

Trading Idea

1. 1)Cipla(251.05)Buy this Stock in decline and trade
2. 2)Union Bank(231.05)Buy this Stock in decline and trade

Trend of Major Stocks

STOCK TREND Days  WeeklyTrend  MonthlyTrend

1. BHEL.NS                    Bearish 2          Falling  Rising
2. ICICIBANK.NS         Bulllish  2          Falling  Rising
3. INFOSYSTC.NS        Bearish 7          Rising   Rising
4. ITC.NS                        Bulllish  3          Rising   Falling
5. MARUTI.NS               Bearish 1          Rising   Rising
6. SBIN.NS                     Bulllish  3          Rising   Rising
7. TATASTEEL.NS         Neutral            2           Rising   Rising
8. TCS.NS                       Bearish 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                     2212.05          Loser   54.35   61.11
2. ICICIBANK.NS         742.45             Loser   53.69   54.32
3. INFOSYSTC.NS        1728.45           Loser   48.2     50.18
4. ITC.NS                        196.65             Loser   50.08   54.11
5. MARUTI.NS               1085.1             Loser   66.56   64.76
6. SBIN.NS                     1634.6            Loser    52.13   54.12
7. TATASTEEL.NS         457.75       Neutral       73.12   67.93
8. TCS.NS                      764.55         Loser        66.34   66.3

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