BSE Sensex (20125.05) and Nifty (6062.65) closed down 0.60% and 0.8% respectively last week.Nifty Future October was quoting at 20.25 points premium.Nifty call option October 6200 was very active.Support for Sensex is at 19860. Resistance for Sensex is at 20350 .Support for Nifty is at 5980 and resistance at 6130.. RBI is expected to hike interest rate by 0.25% on 2nd November 2010 meet India Stock Market remains closed on 5th November 2010 because of Diwali.Muhurat trading will be held between 6 p.m to 7 p.m on the same day. IDBI and Tata Steel added Open Interest in November series.Huge position was build up at IDBI November Call Option Strike Price 190.Good build up was also seen at Cairn November Call Option Strike Price 340. Strategy for Futures Option players. 1)ICICI Bank(1163) Lot Size-250 Shares Buy One Call Option of November Strike Price 1160@45.70 Rs Sell One Call Option of November Strike Price 1180@39.00 Rs. Premium .Paid=45.70*250= .11425.00 Rs. Premium Received=39.00*250= 9750.00 Rs. Net Premium Paid==11425.00-9750.00=1675.00 Rs. Maximum Profit==1180.00-1160.00==20*250=5000.00-1675.00=3325.00 Rs. Maximum Loss= 1675.00 Rs. Break Even Price=1166.70 2)BPCL(732) November Future-Lot Size 500 shares. Buy One Lot November Future @732.00 Rs Sell One Call Option of November Strike Price 740@24.00 Rs. Premium Received=24.00*500= 12000.00 Rs Maximum Profit=740.00-732.00=8*500=4000.00 + 12000.00 =16000=00 Rs. Max Loss=Unlimited. Trend of Major Stocks STOCK TREND Days WeeklyTrend MonthlyTrend BHEL.NS Bearish 4 Falling Rising ICICIBANK.NS Bulllish 1 Falling Rising INFOSYSTC.NS Neutral 1 Falling Rising ITC.NS Bulllish 1 Rising Falling MARUTI.NS Bulllish 1 Rising Rising SBIN.NS Bearish 1 Falling Rising TATASTEEL.NS Bearish 2 Falling Rising TCS.NS Bearish 3 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 2445.55 40.2 38.87 15.01 ICICIBANK.NS 1163 53.43 60.64 25.87 INFOSYSTC.NS 2971.7 33.88 44.3 28.19 ITC.NS 171.2 39.44 48.43 19.55 MARUTI.NS 1551.6 74.11 62.61 18.05 SBIN.NS 3150.6 47.41 49.14 29.66 TATASTEEL.NS 589.4 41.2 39.53 22.7 TCS.NS 1052.9 63.99 68.21 20.79 Trading Idea 1)Reliance Industries(1096.25)Buy this stock in decline and trade. 2)Voltas(245.20) Buy this stock in decline and trade By Bullet Advisory Indian Stocks-India's Top Most No.1 Best Stock Market Advice Blog,Hot Stock Tips Calls by Expert Technical Analyst Narendra Nainani of India.Most Preferred and Successful Paid Subscription Stock Tips Calls Website of India.Excellent Success Ratio of more than 90% with Superb trading ideas.Most Successful Intraday Stock Future Calls Provider Service Indian Share Market. -+919898162770 By Website subscriptionnarendranainani.blogspot.com. Website nainaninarendra.blogspot.com.