BSE Sensex (10803.86) and Nifty (3342.05) closed 4.4% and 4.1% up respectively last week. Nifty OI Put Call Ratio was 2.00. Nifty Future April was quoting at 18 points premium.Nifty Call Option April 3400 was very active.Support for Sensex is at 10350 and  Nifty  at 3190.Resistance for Sensex is at 11400 and Nifty is at 3550. Inflation was at 0.26 v/S 0.31 last week.Crude oil was at 51.00$.

 

 Market rose as FII’s continued their furious buying.DII’s who had lent support to the market in March when FII’s were selling relentlessly on the other hand chose to book profits.Infosys Technologies will declare Q4 March 2009 results on 15^th April 2009.

  

 Reliance Industries and ICICI Bank added Open Interest in April Series.Essar Oil and REL shaded Open Interest.Huge position was build up at ICICI Bank April Call Option Strike Price 400.Good build up was also seen at NTPC April Call Option Strike Price 200. .

 

Tactics for Future Option players.

 

1)ICICI Bank(397.80) Lot Size-700 Shares

   Buy One Call Option of  April Strike Price 390@29.25 Rs.

   Sell One Call Option of  April Strike Price 440@11.45  Rs.

   Premium .Paid=29.25*700=20475.00 Rs.

   Premium Received=.11.45*700=8015.00 Rs.

   Net Premium Paid=20475.00-8015.00=12460.00 Rs.

   Maximum Profit=440-390=50*700=35000-12460=22540.00 Rs.

   Maximum Loss=12460.00 Rs.

   Break-even= 407.80 Rs. 

 

2)UNITECH(41.60) April Future-Lot Size 9000 shares.

    Buy One Lot April Future @41.60 Rs.

    Sell One Call Option of  April Strike Price 45@2.95 Rs.

    Premium Received=2.95*9000=26550.00 Rs.

    Max Profit==45-41.60=3.40*9000=30600.00+26550=57150.00 Rs.

    Max Loss=Unlimited.

 

 

 

 

 

Trading Idea

 

1)SIEMENS(286.65)Buy this Stock in decline and trade.        

2)YES Bank(62.65)Buy this Stock in decline and trade

 

 

 

 

Trend of Major Stocks

 

 

                                                           

                                                           

STOCK TREND Days  WeeklyTrend  MonthlyTrend

 

BHEL.NS                    Bearish 2          Rising   Rising  

ICICIBANK.NS         Bulllish  3          Rising   Rising  

INFOSYSTC.NS        Neutral             1          Rising   Rising  

ITC.NS                        Neutral             1          Rising   Rising  

MARUTI.NS               Neutral             1          Rising   Rising  

SAIL.NS                      Neutral            1          Rising   Rising  

SBIN.NS                      Neutral            3          Rising   Rising  

TATASTEEL.NS         Bulllish  4          Rising   Rising  

TCS.NS                       Bulllish  4          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 

                                                                                   

           

BHEL.NS                 1498.65  67.8     54.24   20.26

ICICIBANK.NS         397.8   69.82   62.21   16.66

INFOSYSTC.NS        1427    76.44   67.53   24.4

ITC.NS                      187.15   64.09   58.8     22.55

MARUTI.NS              809.1    75.25   73.08   53.53

SAIL.NS                   110.75   68.06   69.93   36.48

SBIN.NS                   1140.3   57.62   60.51   23.66

TATASTEEL.NS         261.1   82.68   73.85   33.65

TCS.NS                      602.55  83.07   67.9     30.55

                                                            By

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