Author: narendra nainani
BSE Sensex (10803.86) and Nifty (3342.05) closed 4.4% and 4.1% up respectively last week. Nifty OI Put Call Ratio was 2.00. Nifty Future April was quoting at 18 points premium.Nifty Call Option April 3400 was very active.Support for Sensex is at 10350 and Nifty at 3190.Resistance for Sensex is at 11400 and Nifty is at 3550. Inflation was at 0.26 v/S 0.31 last week.Crude oil was at 51.00$.
Market rose as FII’s continued their furious buying.DII’s who had lent support to the market in March when FII’s were selling relentlessly on the other hand chose to book profits.Infosys Technologies will declare Q4 March 2009 results on 15th April 2009.
Reliance Industries and ICICI Bank added Open Interest in April Series.Essar Oil and REL shaded Open Interest.Huge position was build up at ICICI Bank April Call Option Strike Price 400.Good build up was also seen at NTPC April Call Option Strike Price 200. .
Tactics for Future Option players.
1)ICICI Bank(397.80) Lot Size-700 Shares
Buy One Call Option of April Strike Price 390@29.25 Rs.
Sell One Call Option of April Strike Price 440@11.45 Rs.
Premium .Paid=29.25*700=20475.00 Rs.
Premium Received=.11.45*700=8015.00 Rs.
Net Premium Paid=20475.00-8015.00=12460.00 Rs.
Maximum Profit=440-390=50*700=35000-12460=22540.00 Rs.
Maximum Loss=12460.00 Rs.
Break-even= 407.80 Rs.
2)UNITECH(41.60) April Future-Lot Size 9000 shares.
Buy One Lot April Future @41.60 Rs.
Sell One Call Option of April Strike Price 45@2.95 Rs.
Premium Received=2.95*9000=26550.00 Rs.
Max Profit==45-41.60=3.40*9000=30600.00+26550=57150.00 Rs.
Max Loss=Unlimited.
Trading Idea
1)SIEMENS(286.65)Buy this Stock in decline and trade.
2)YES Bank(62.65)Buy this Stock in decline and trade
Trend of Major Stocks
STOCK TREND Days WeeklyTrend MonthlyTrend
BHEL.NS Bearish 2 Rising Rising
ICICIBANK.NS Bulllish 3 Rising Rising
INFOSYSTC.NS Neutral 1 Rising Rising
ITC.NS Neutral 1 Rising Rising
MARUTI.NS Neutral 1 Rising Rising
SAIL.NS Neutral 1 Rising Rising
SBIN.NS Neutral 3 Rising Rising
TATASTEEL.NS Bulllish 4 Rising Rising
TCS.NS Bulllish 4 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
BHEL.NS 1498.65 67.8 54.24 20.26
ICICIBANK.NS 397.8 69.82 62.21 16.66
INFOSYSTC.NS 1427 76.44 67.53 24.4
ITC.NS 187.15 64.09 58.8 22.55
MARUTI.NS 809.1 75.25 73.08 53.53
SAIL.NS 110.75 68.06 69.93 36.48
SBIN.NS 1140.3 57.62 60.51 23.66
TATASTEEL.NS 261.1 82.68 73.85 33.65
TCS.NS 602.55 83.07 67.9 30.55
By
Bullet Advisory Indian Stocks-India's top most no.1 best stockmarket advice blog,hot sharetips calls by expert technical analyst Narendra Nainani of India.Most preferred paid subscription sharebazzartips calls website of India.Excellent success ratio of more than 90% with superb trading ideas.
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M-9898162770
About the Author:
Narendra Nainani
AHMEDABAD, GUJARAT, India
Narendra Nainani is renowned technical analyst and stock market advisor of INDIA having experience of more than 26 years having excellent success ratio.Expert in Derivatives Products-Futures & Options,Intraday,Short Term ,Medium Term,Long Term,Portfolio Management,IPO & Mutual Fund Advisor.Covered regularly by E TV & Business Magazines like The Economic Revolution for Market views.
India's top most no.1 best stockmarket advice blog hot stocktips calls by expert technical analyst of India.Most preferred paid subscription stocktips calls website India.Excellent success ratio of more than 90%.good superb trading ideas.M-9898162770
website www.narendranainani.blogspot.com
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