Bullet Advisory Analyses Sensex Nifty Stocks Indian Stock Exchange

Bullet Advice For Indian Stocks Weekly- market builds up confidence after President Pratibha Patil’s address to the house.

   BSE Sensex (15103.55) and Nifty (4586.90)  closed 3.3%  and 3.1% up respectively last week. Nifty  OI Put Call Ratio was 1.10.Nifty Future June was quoting at 5.45 points premium.Nifty Call Option June 4600 was very active.Support for Sensex is at 14700 and  Nifty  at 4480.Resistance for Sensex is at 15400 and Nifty is at 4665.Crude oil was at 68.80 $.

  Union Budget will be presented on 3rd July 2009 by Finance Minister Pranab Mukherjee.The Government is determined to go ahead with pension reforms,divestment programme and recapitalisation of public sector banks.

   MRPL and  Petronet added Open Interest in June Series.ACC and ICICI Bank shaded Open Interest.Huge position was build up at Hindalco June Call Option Strike Price 100.Good build up was also seen at Ranbaxy June Call Option Strike Price 300.

   Tactics for Future Option players.

1)ICICI BANK(754.75) Lot Size-700                            

   Sell One Call Option of  June Strike Price 800 @30.35 Rs.

1.    Premium .Paid=45.15*700=31605.00 Rs.                                 

   Premium Received=.30.35*700=21245.00 Rs.

   Net Premium Paid=31605.00-21245.00=10360.00 Rs.

   Maximum Profit=800-760=40*700=28000.00-10360.00=17640.00 Rs.

   Maximum Loss=10360.00 Rs.

   Break Even Price=774.80

2)HINDALCO(93) June Future-Lot Size 7036 shares.

    Buy One Lot JuneFuture @93.00 Rs.

    Sell One Call Option of  June Strike Price 100@5.00 Rs.

    Premium Received=5*7036=35180.00 Rs

    Maximum Profit=100-93=7*7036=49252.00+35180.00=84432.00 Rs.

    Max Loss=Unlimited.

   Trading Idea

1. 1)DR REDDY(686.30)Buy this Stock in decline and trade     
2. 2)MRPL(93.55)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        Bulllish  1          Rising   Rising  
4. ITC.NS                        Bearish 1          Rising   Falling 
5. MARUTI.NS               Bulllish  2          Rising   Rising  
6. SBIN.NS                     Bearish 3          Rising   Rising  
7. TATASTEEL.NS         Bearish 1          Rising   Rising  
8. TCS.NS                       Bulllish  8          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                   2287.5  55.88   73.23   47.01

1. ICICIBANK.NS         754.75 54.45   67.4     40.31
2. INFOSYSTC.NS        1698.9 43.23   62.19   36.4
3. ITC.NS            191.35 46.5     50.9     30.35
4. MARUTI.NS   1087.1 70.32   74.08   45.3
5. SBIN.NS         1817.65           47.43   66.29   45.12
6. TATASTEEL.NS         463.9   61.56   77.82   49.48
7. TCS.NS           721.35 54.99   63.79   37.96

By                                                                                               

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