Bullet Advisory Analyses Indian Stocks NSE BSE Future Options

Bullet Advice For Indian Stocks Weekly- result season ahead will decide the trend

BSE Sensex (13504.2) and Nifty (4003.90) closed 9.4% and 9.5 % down respectively

last week.Nifty OI put call ratio was 0.83.Nifty Future July was quoting at 10.20 points discount.Nifty Call Option July 4200 was very active.Support for Sensex is at 12350 and Nifty at 3650.Resistance for Sensex is at 14595 and Nifty is at 4330.Crude oil was at 59.66 $.

Union Budget presented on 6^th July 2009 by Finance Minister Pranab Mukharjee without any major announcement of liberalization policy disappointed the market players.Higher than expected fiscal deficit and fears of country’s rating downgrade to “junk” by Standard and Poor’s made investors nervous.

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RIL and ICICI Bank added Open Interest in July series..JPHYDRO and TTML shaded Open Interest.Huge position was build up at Infosys July Call Option Strike Price 1740.Good build up was also seen at Suzlon July Call Option Strike Price 90.

Tactics for Future Option players.

1)ITC(210.60) Lot Size-1125 Shares

Buy One Call Option of July Strike Price 210@4.15 Rs.

Sell One Call Option of July Strike Price 220@2.05 Rs.

Premium .Paid=4.15*1125= 4668.75 Rs.

Premium Received=.2.05*1125=2306.25 Rs.

Net Premium Paid=4668.75-2306.25= 2362.50 Rs.

Maximum Profit=220-210=10*1125=11250-2362.50=8887.50 Rs.

Maximum Loss=2362.50 Rs.

Break Even Price=212.10

2)TCS(393.15) July Future-Lot Size 1000 shares.

Buy One Lot July Future @393.15

Sell One Call Option of July Strike Price 420@8.20 Rs.

Premium Received=8.20*1000=8200.00 Rs

Maximum Profit=420-393.15=26.85*1000=26850+8200=35050.00 Rs.

Max Loss=Unlimited.

Trend of Major Stocks

STOCK TREND Days WeeklyTrend MonthlyTrend

BHEL.NS Bearish 5 Falling Falling

ICICIBANK.NS Bearish 5 Falling Falling

INFOSYSTC.NS Bulllish 1 Falling Rising

ITC.NS Bulllish 6 Rising Rising

MARUTI.NS Bulllish 4 Falling Falling

SBIN.NS Bearish 5 Falling Rising

TATASTEEL.NS Neutral 1 Falling Rising

TCS.NS Bulllish 2 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 1985.95 26.42 40.61 24.27

ICICIBANK.NS 628.85 35.51 44.59 18.29

INFOSYSTC.NS 1721.15 46.6 48.82 68.08

ITC.NS 210.6 61.62 61.59 23.25

MARUTI.NS 1103.6 50.74 60.96 15.35

SBIN.NS 1543.65 45.74 46.3 25.84

TATASTEEL.NS 352.9 39.21 39.21 17.91

TCS.NS 395.15 48.64 34.37 43.73

Trading Idea

1)Dabur(131.20)Buy this stock in decline and trade.

2)Maruti(1103.60) Buy this stock in decline and trade.

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