Bullet Advisory Analyses Indian Stock Market Future Option Stocks
Bullet Advice For Indian Stocks Weekly progress of the monsoon will decide the trend
BSE Sensex (16863.10) and Nifty (5066.55) closed up by 2.5% and 2.7% respectively last week.Nifty Future June was quoting at 29.90 points discount..Nifty Call Option June 5100 was very active.Support for Sensex is at 16570. Resistance for Sensex is at 17180 .Support for Nifty is at 4980 and resistance at 5170.
M & M will announce Q4 results next week.GDP data to be declared by the Government next week for Q4 will also be watched carefully.
Tata Motors and Tata Steel added Open Interest in June series.Huge position was build up at IFCI June Call Option Strike Price 55.Good build up was also seen at Tata Steel June Call Option Strike Price 520.
Strategy for Futures Option players.
1)CIPLA(320.35) Lot Size-1250 Shares
Buy One Call Option of June Strike Price 320@11.00 Rs
Sell One Call Option of June Strike Price 340@3.30 Rs.
Premium .Paid=11.00*1250= 13750.00 Rs.
Premium Received=3.30*1250= 4125.00 Rs.
Net Premium Paid==13750.00-4125.00=9625.00 Rs.
Maximum Profit==340-320==20*1250=25000.00-9625.00=15375.00 Rs.
Maximum Loss= 9625.00 Rs.
Break Even Price=327.70
2)IFCI(52.50) June Future-Lot Size 7880 shares.
Buy One Lot June Future @52.50
Sell One Call Option of June Strike Price 52.50@2.45 Rs.
Premium Received=2.45*7880= 19306.00 Rs
Maximum Profit=19306.00 Rs.
Max Loss=Unlimited.
Trend of Major Stocks
STOCK TREND Days WeeklyTrend MonthlyTrend
BHEL.NSBulllish2FallingRising
ICICIBANK.NSBulllish3FallingRising
INFOSYSTC.NSBulllish3RisingRising
ITC.NSBulllish3RisingRising
MARUTI.NSBulllish2RisingFalling
SBIN.NSBulllish2FallingRising
TATASTEEL.NSBulllish2FallingFalling
TCS.NSBulllish3RisingFalling
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.NS2318.9540.5643.4620.22
ICICIBANK.NS864.7539.2245.1315.11
INFOSYSTC.NS2677.4541.3753.5917.55
ITC.NS283.265.764.9618.15
MARUTI.NS1225.241.840.7653.35
SBIN.NS2239.447.4551.8420.99
TATASTEEL.NS496.8532.2831.0135.84
TCS.NS750.848.5849.9121.77
Trading Idea
1)BIOCON(290.7)Buy this stock in decline and trade.
2)SAIL(205.85) Buy this stock in decline and trade
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