Bullet Advice For Indian Stocks Weekly –market may remain volatile ahead of F&O expiry     

BSE Sensex (16741.30) and Nifty (4976.05) closed  up by 2.9% and 3% respectively last week.Nifty Future September was quoting at 5.95 points premium.Nifty Call Option September 5000 was very active.Support for Sensex is at  16300 and Nifty at 4840.Resistance for Sensex is at 17200 and Nifty is at 5140.Crude oil was at 72.10 $.

Reports of encouraging advance tax payment by corporate improved the sentiment..Market will remain shut on 21^st September because of Ramzan Id.

SBI and JPAssociates added Open Interest in September series.Huge position was build up at Reliance Power September Call Option Strike Price 170.Good build up was also seen at JPAssociates  September Call Option Strike Price 450..

Tactics for Future Option players.                                                                           

1)Ispat Indusries(24.05) Lot Size-12450

Buy One Call Option of October Strike Price 25@ Rs.2.00

Sell One Call Option of October Strike Price 30@0.75 Rs.

Premium .Paid=2*12450=.24900.00 Rs.         

Premium Received=0.75*12450=9337.50 Rs.

Net Premium Paid=24900-9337.50= 15562.50 Rs.

Maximum Profit==30-25=5*12450=62250-15562.50=46687.50 Rs.

Maximum Loss=15562.50 Rs.

Break Even Price=26.25

2)ONGC(1167) September Future-Lot Size 225 shares.

Buy One Lot October Future @1167

Sell One Call Option of October Strike Price 1200@41.00 Rs.

Premium Received=41*225=9225.00 Rs

Maximum Profit=1200-1167 =33*225==7425 + 9225=16650.00 Rs.

Max Loss=Unlimited.

Trend of Major Stocks

             BHEL.NS       Bulllish  1          Falling  Falling 

            ICICIBANK.NS         Bearish 1          Rising   Falling 

            INFOSYSTC.NS        Bulllish  3          Rising   Falling 

            ITC.NS            Bearish 2          Falling  Falling 

            MARUTI.NS   Bulllish  3          Rising   Falling 

            SBIN.NS         Bulllish  12        Rising   Falling 

            TATASTEEL.NS         Neutral 1          Rising   Falling 

            TCS.NS           Bulllish  2          Rising   Rising  

Technical indicators of major Stocks

STOCK TREND Days WeeklyTrend MonthlyTrend

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        2274.05           57.57   54.8 13.3

            ICICIBANK.NS         841.2   75.26   62.99 31.86

            INFOSYSTC.NS        2364.25      79.34  73.83 43.54

            ITC.NS            226.9   35.65   47.58   39.37

            MARUTI.NS   1639.3 66.38   71.97   27.41

            SBIN.NS         2147.8 79        79.31   27.41

            TATASTEEL.NS         517.85 61.24   67  27.37

            TCS.NS           584      72.71   70.24   23.74

Trading Idea

1)FSL(36.15)Buy this stock in decline and trade.

2)Punj Llyod(282.50) Buy this stock in decline and trade.                

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By                                     

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