BSE Sensex (13887.15) and Nifty (4238.50)  closed 14.1%  and 15.4% up respectively last week. Nifty  OI Put Call Ratio was 1.17. Nifty Future May was quoting at 10.50 points premium.Nifty Call Option June 4400 was very active.Support for Sensex is at 13270 and  Nifty  at 3770.Resistance for Sensex is at 14700 and Nifty is at 4600.Crude oil was at 61.00$.

 

  Market rejoiced the thumbing majority of Congress in the union election and registered well gains.Allocation of key portfolio likes finance and planning are awaited.Market expects  the Government to go ahead with divestment programme.

 

  ICICI bank and  RIL added Open Interest in May Series.TVS Motors  and Union Bank shaded Open Interest.Huge position was build up at RNRLMay Call Option Strike Price 75.Good build up was also seen at NTPC May Call Option Strike Price 210.

 

   Tactics for Future Option players.

 

1)Nifty(4238.50) Lot Size-50           

   Buy One Call Option of  June Strike Price 4300@176.00 Rs.                                               

   Sell One Call Option of  June Strike Price 4500 @97.00 Rs.

   Premium .Paid=176*50=8800.00 Rs.                                        

   Premium Received=.97*50=4850.00 Rs.

   Net Premium Paid=8800.00-4850.00.=3950.00 Rs.

   Maximum Profit=4500-4300=200*50=10000-3950=6050.00 Rs.

   Maximum Loss=3950.00 Rs.

   Break Even Price=4379 .

 

2)RPL(137.45) June Future-Lot Size 3350 shares.

    Buy One Lot JuneFuture @137.45 Rs.

    Sell One Call Option of  June Strike Price 140@10.90 Rs.

    Premium Received=10.90*3350=36515.00 Rs

    Maximum Profit=140-137.45=2.55*3350=8542.50+36515.00=45057.50 Rs.

    Max Loss=Unlimited.

 

 

 

 

 

   Trading Idea

 

1)Reliance Capital(900.60)Buy this Stock in decline and trade  

2)Biocon(175.55)Buy this Stock in decline and trade

 

 

 

 

 

   Trend of Major Stocks

 

 

                                                           

                                                           

STOCK TREND Days  WeeklyTrend  MonthlyTrend

 

BHEL.NS                    Bearish 2          Rising   Rising              

ICICIBANK.NS         Neutral             1          Rising   Rising              

INFOSYSTC.NS        Bearish 4          Falling  Rising              

ITC.NS                       Bearish              4          Falling  Rising              

MARUTI.NS              Bearish              2          Rising   Rising              

SBIN.NS                     Neutral             1          Rising   Rising              

TATASTEEL.NS         Bulllish  5          Rising   Rising              

TCS.NS                       Bearish 4          Falling  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 

                                                                                   

BHEL.NS                   1978.2  50.47   63.46   34.46

ICICIBANK.NS         702.65 62.88   67.88   44.26

INFOSYSTC.NS        1522.3 35.45   51.64   35.22

ITC.NS                        183.6   27.44   46.49   22.15

MARUTI.NS               961.95 65.27   63.07   33.95

SBIN.NS                     1732    49.62   72.86   32.59

TATASTEEL.NS         363.65 52.59   71.23   35.69

TCS.NS                      634.05  29.51   52.09   36.95

                                                                       

                                                                                                                       

By                                                                                               

  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.Most preferred paid subscription stocktips calls website of India.Excellent success ratio of more than 90% with superb trading ideas.

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