subject: Best Share Market Subscription Site [print this page] Bullet Advice For Indian Stocks Weekly consolidation continues at higher levels
BSE Sensex (18221.43) and Nifty (5479.40) closed up 1.2% and 1.3% respectively last week.Nifty Future September was quoting at 1.60 points premium.Nifty Call Option September 5500 was very active.Support for Sensex is at 17920. Resistance for Sensex is at 18445 .Support for Nifty is at 5380 and resistance at 5545.
Indian Stock Market will remain closed on 10th September because of Ramzan Id.Telecom and suger shares may see value buying emerging at lower levels in coming days.
Suzlon and Tata Steel added Open Interest in September series.Huge position was build up at Suzlon September Call Option Strike Price 55.Good build up was also seen at Unitech September Call Option Strike Price 85.
Strategy for Futures Option players.
1)Hotel Leela(54.90) Lot Size-8000 Shares
Buy One Call Option of September Strike Price 55@2.25 Rs
Sell One Call Option of September Strike Price 60@0.85 Rs.
Premium .Paid=2.25*8000= 18000.00.00 Rs.
Premium Received=0.85*8000= 6800.00 Rs.
Net Premium Paid==18000.00-6800.00=11200.00 Rs.
Maximum Profit==60.00-55.00==5*8000=40000.00-11200.00=28800.00 Rs.
Maximum Loss= 11200.00 Rs.
Break Even Price=56.40
2)Chambal Fertilizer(74.65) September Future-Lot Size 4000 shares.
Buy One Lot September Future @74.65 Rs
Sell One Call Option of September Strike Price 75@2.40 Rs.
Premium Received=2.40*4000= 9600.00 Rs
Maximum Profit=75.00-74.65=0.35*4000=1400.00+ 9600.00=11000.00 Rs.
Max Loss=Unlimited.
Trend of Major Stocks
STOCK TREND Days WeeklyTrend MonthlyTrend
BHEL.NSBearish6FallingFalling
ICICIBANK.NSBulllish3RisingRising
INFOSYSTC.NSBulllish3RisingFalling
ITC.NSNeutral1RisingFalling
MARUTI.NSBulllish5RisingRising
SBIN.NSNeutral1FallingRising
TATASTEEL.NSBulllish6RisingRising
TCS.NSBearish2FallingRising
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.NS2386.2539.5637.5612.23
ICICIBANK.NS100152.6259.2230.18
INFOSYSTC.NS2777.4548.9650.6615.11
ITC.NS16470.930.8755.14
MARUTI.NS1272.166.7154.725.62
SBIN.NS2773.457.759.1640.36
TATASTEEL.NS540.9554.6458.5126.48
TCS.NS837.337.445.0914.74
Trading Idea
1)Tata Chem(410.50)Buy this stock in decline and trade.
2)Divis Lab(756.70) Buy this stock in decline and trade
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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.
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Bullet Advisory Indian Stocks-India's top most no.1 best stockmarket advice blog,hot stocktips calls by expert technical analyst Narendra Nainani of India
