subject: Stock Recommendations Delivery Based Positional Calls [print this page] Bullet Advice For Indian Stocks Weekly progress of monsoon will decides the trend
BSE Sensex (17460.95) and Nifty (5237.10) closed down 0.60% and 0.61% down respectively last week.Nifty Future July was quoting at 6.90 points premium..Nifty Call Option July 5300 was very active.Support for Sensex is at 17290. Resistance for Sensex is at 17710 .Support for Nifty is at 5180 and resistance at 5310.
RBI is likely to review the monetary policy on 27th July 2010.Initial public offer of Hindustan Media Ventures opens on 5th July 2010 with price band of 162-175 Rs. Per share.
Tata Steel and RNRL added Open Interest in July series.Huge position was build up at RPower July Call Option Strike Price 180.Good build up was also seen at Suzlon July Call Option Strike Price 60.
Strategy for Futures Option players.
1)Ranbaxy(456.05) Lot Size-500 Shares
Buy One Call Option of July Strike Price 460@14.50 Rs
Sell One Call Option of July Strike Price 480@6.60 Rs.
Premium .Paid=14.50*500= 7250.00.00 Rs.
Premium Received=6.60*500= 3300.00 Rs.
Net Premium Paid==7250.00-3300.00=3950.00 Rs.
Maximum Profit==480-460==20*500=10000.00-3950.00=6050.00 Rs.
Maximum Loss= 3950.00 Rs.
Break Even Price=467.90
2)Chambal Fertilizer(67.55) July Future-Lot Size 4000 shares.
Buy One Lot July Future @67.55
Sell One Call Option of July Strike Price 7@1.55 Rs.
Premium Received=1.55*4000= 6200.00 Rs
Maximum Profit=70.00-67.55=2.45*4000=9800.00+ 6200.00=16000.00 Rs.
Max Loss=Unlimited.
Trend of Major Stocks
STOCK TREND Days WeeklyTrend MonthlyTrend
BHEL.NS7/2/2010Bearish2RisingRising
ICICIBANK.NS7/2/2010Bearish7FallingFalling
INFOSYSTC.NS7/2/2010Bearish4FallingRising
ITC.NS7/2/2010Bearish1RisingRising
MARUTI.NS7/2/2010Neutral1RisingRising
SBIN.NS7/2/2010Bearish9FallingRising
TATASTEEL.NS7/2/2010Bearish4RisingFalling
TCS.NS7/2/2010Bearish8FallingFalling
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.NS2391.965.6748.9713.61
ICICIBANK.NS840.0566.4943.718.74
INFOSYSTC.NS2727.561.1649.4118.6
ITC.NS302.5580.2562.5123.72
MARUTI.NS1415.977.2163.8239.46
SBIN.NS2265.0554.4544.0927.08
TATASTEEL.NS474.9551.0841.7924.29
TCS.NS743.845.1544.6315.33
Trading Idea
1)Nagarjuna Fertilizer(33.00)Buy this stock in decline and trade.
2)Voltas(201.95) Buy this stock in decline and trade
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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
