Bullet Advisory Indian Stocks Weekly-indian Market Improved on Sustained Fii Buying
BSE Sensex (9690.07) and Nifty (2921.35) closed 8.1% and 7.6% up last week.Nifty put-call ratio was 1.00.Support for Sensex is 9280 and for Nifty 2780.Resistance for Sensex is 9920 and Nifty is at 3000.Inflation was also under control 8.00 v/s 8.40 last week.Crude oil was at 48$.Market recovered from low levels on rate cut of 100 basis points of Repo and Reverse Repo cut by Reserve Bank Of India.Positive statement by Mr Monteksingh Ahluwalia, Deputy Chaiman Planning Commision that growth rate would be maintainted at 7 %. Held the market tight.Market also took the note of Mr. Kamalnath,Commerce Minister that there could be second round of stimulus package in offing.Economic package declared on Saturday woth 28300 Cr for housing and infrastructure for 21 projects along with 4% excise duty cut in automobiles aided the sentiment to positive side.IIP nos.were down by 0.4% during October but after initial knee jerk reaction market again went up on sustained FII buying..Even the negative impact of $14 billion package not sanctioned by U.S.Senate for automobile sector which could hurt General Motors and Chrysler was absorbed by the market smartly. Buying of FII was visible…Nifty 2900 call option added open interest.Reliance and Reliance Capital added open interest.ICICI Bank and Bank Of India lost open interest.
Strategy for Future Option players.
1)Reliance(1307.10) Lot Size-75 Shares.
Buy one call option of December month strike price 1290@72.00 Rs.
Sell one call option of December month strike price 1380@36.00 Rs.
Premium Paid=72*75=5400.00 Rs.
Premium Received=36*75=2700.00 Rs.
Net Premium Paid=5400.00-2700.00=2700.0 Rs.
Maximum Profit=1380-1290=90*75=6750.00-2700.00=4050.00 Rs.
Maximum Loss=2700.00 Rs.
Break-even=1326.00 Rs.
2)BPCL(355) December month future-Lot Size 550 shares.
Buy one lot December month 355.00
Sell one call option of December month strike price 360@7.00 Rs.
Premium Received=7*550=3850.00 Rs.
Max Profit=360-355=5+7=12*550=6600.00Rs.
Max loss=Unlimited.
Trading Idea
1)TVS Motors(25.55)Buy this stock in decline and trade.
2)Union Bank(146.55)Buy this stock in decline and trade.
Trend of Major Stocks
STOCK TREND NO.OF Days Weekly Monthly
Trend Trend
ICICIBANK.NS Bulllish 7 Rising Rising
INFOSYSTC.NS Bearish 2 Rising Falling
ITC.NS Bulllish 1 Rising Rising
MARUTI.NS Neutral 1 Rising Falling
SATYAMCOM.NS Bearish 2 Rising Falling
SBIN.NS Bulllish 7 Rising Rising
TATASTEEL.NS Neutral 1 Rising Rising
TCS.NS Bearish 2 Rising Rising
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
ICICIBANK.NS 411 45.84 56.27 17.01
INFOSYSTC.NS 1104.85 41.5 37.92 22.94
ITC.NS 172.4 44.36 53.74 13.7
MARUTI.NS 507.05 51.94 43.57 29.46
SATYAMCOM.NS 220.55 33.32 37.41 32.44
SBIN.NS 1216.85 40.28 53.4 20.31
TATASTEEL.NS 218.85 56.37 56.84 28.44
TCS.NS 481.3 55.24 40.94 14.21
Website narendranainani.blogspot.com.
Narendra Nainani
AHMEDABAD, GUJARAT, India
Narendra Nainani is renowned technical analyst and stock market advisor of INDIA having experience of more than 26 years having excellent success ratio.Expert in Derivatives Products-Futures & Options,Intraday,Short Term ,Medium Term,Long Term,Portfolio Management,IPO & Mutual Fund Advisor.Covered regularly by E TV & Business Magazines like The Economic Revolution for Market views.
M-9898162770
Website www.narendranainani.blogspot.com
narendranainani.blogspot.com.
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Tags: Advisory, Bullet, Buying, Improved, INDIAN, Market, Stocks, Sustained, Weeklyindian
