Bullet Advisory Analyses Indian Share Bazzar NSE BSE Shares

Bullet Advice For Indian Stocks Weekly- union budget will decides the market trend

BSE Sensex (14913) and Nifty (4424.25) closed 1.0% and 1.1 % up respectively

last week.Nifty OI put call ratio was 0.99.Nifty Future July was quoting at 0.4 points premium.Nifty Call Option July 4700 was very active.Support for Sensex is at 14520 and Nifty at 4300.Resistance for Sensex is at 15340 and Nifty is at 4560.Crude oil was at 65.63 $.

Union Budget will be presented on 6^the July 2009 by Finance Minister Pranab Mukharjee. Expectations are high from the budget with thrust on infrastructure,divestment,removal of FBT(Fringe Benefit Tax) and STT(Securities Transaction Tax).

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RIL and TataSteel added Open Interest in July series..PFC and BPCL shaded Open Interest.Huge position was build up at RIL July Call Option Strike Price 2100.Good build up was also seen at Tata Steel July Call Option Strike Price 440.

Tactics for Future Option players.

1)ChambalFertilzer(70.95) Lot Size-3450 Shares

Buy One Call Option of July Strike Price 70@6.90 Rs.

Sell One Call Option of July Strike Price 80 @3.45 Rs.

Premium .Paid=6.90*3450=23805.00 Rs.

Premium Received=.3.45*3450=11902.50 Rs.

Net Premium Paid=23805-11902.50=11902.50 Rs.

Maximum Profit=80-70=10*3450=34500-11902.50=22597.50 Rs.

Maximum Loss=11902.50 Rs.

Break Even Price=73.45

2)NTPC(205.80) July Future-Lot Size 1625 shares.

Buy One Lot July Future @205.80

Sell One Call Option of July Strike Price 220@5.70 Rs.

Premium Received=5.7*1625=9262.50 Rs

Maximum Profit=220-205.80=14.2*1625=23075+9262.50=32337.50 Rs.

Max Loss=Unlimited.

Trend of Major Stocks

STOCK TREND Days WeeklyTrend MonthlyTrend

BHEL.NS Bulllish 1 Falling Falling

ICICIBANK.NS Bulllish 1 Falling Falling

INFOSYSTC.NS Bulllish 3 Falling Rising

ITC.NS Bearish 5 Falling Rising

MARUTI.NS Bulllish 1 Falling Falling

SBIN.NS Bullish 1 Falling Rising

TATASTEEL.NS Bulllish 3 Falling Rising

ITCS.NS Bulllish 8 Falling Falling

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 2186.3 38.62 54.83 29.11

ICICIBANK.NS 754.95 47.01 55.25 17.51

INFOSYSTC.NS 1805.15 63.33 52.27 70.15

ITC.NS 191.7 33.08 47.81 18.76

MARUTI.NS 1058.75 53.25 55.45 18.12

SBIN.NS 1809.65 47.56 57.83 33.55

TATASTEEL.NS 437.95 47.91 59.8 20.89

TCS.NS 390.95 61.09 30.35 44.39

Trading Idea

1)TataPower(1187.10)Buy this stock in decline and trade.

2)IDFC(144.90) Buy this stock in decline and trade.

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