Bullet Advice For Indian Stocks Weekly –Q2 results will dictate the trend

BSE Sensex (16810.81) and Nifty (4947.05) closed  down  by  3.0%  and 2.8% respectively  last week.Nifty Future October was quoting at 9.95 points premium.Nifty Put Option October 4900 was very active.Support for Sensex is at  16260 and Nifty at 4835.Resistance for Sensex is at 17270 and Nifty is at 5130.Crude oil was at 81.30 $.

Reliance,ONGC,SAIL,Ranbaxy and Cairn will unveils Q2 results next week.RBI will review the quaterly monetory policy on 27 th October 2009.

NTPC and Hindalco added Open Interest in October series.Huge position was build up at  Hindalco October Call Option Strike Price 145.Good build up was also seen at GSPL October Call Option Strike Price 90..

Tactics for Future Option players.                                                                           

1)Ashok Leyland(44.55) Lot Size-9550  

Buy One Call Option of  October Strike Price 45@ Rs.0.85

Sell One Call Option of  October Strike Price 47.50@0.25 Rs.

Premium .Paid=0.85*9550=.8117.50 Rs.

Premium Received=0.25*9550=2387.50 Rs.

Net Premium Paid=8117.50-2387.50= 5730.00 Rs.

Maximum Profit==47.50-45=2.5*9550==23875-5730=18145.00 Rs.

Maximum Loss=5730 Rs.

Break Even Price=45.60

2)ITC(260.15) October Future-Lot Size 1125 shares.

Buy One Lot October Future @260.15

Sell One Call Option of October Strike Price 265@2.6 Rs.

Premium Received=2.6*1125= 2925.00 Rs

Maximum Profit=265-260.15=4.85*1125==5456.25+2925=8381.25 Rs.

Max Loss=Unlimited.

Trend of Major Stocks

STOCK TREND Days WeeklyTrend MonthlyTrend

             BHEL.NS       Bearish 4          Falling  Falling             

            ICICIBANK.NS         Bearish 3          Flat!     Flat!                

            INFOSYSTC.NS        Bulllish  3          Falling  Falling             

            ITC.NS            Bulllish  1          Flat!     Flat!                

            MARUTI.NS   Bulllish  1          Falling  Rising              

            SBIN.NS         Bearish 3          Flat!     Flat!                

            TATASTEEL.NS         Bearish 3          Flat!     Flat!                

            TCS.NS           Bulllish  5          Flat!     Flat!                

                                                            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        2384.8 57.55   51.3     30.88

            ICICIBANK.NS         903.7   67.43   54.21   35.1

            INFOSYSTC.NS        2260    37.17   53.31   19.92

            ITC.NS            260.2   69.18   62.88   42.49

            MARUTI.NS   1518.8 45.88   48.16   17.34

            SBIN.NS         2354.55           55.64   63.26   34.87

            TATASTEEL.NS         529.65 57.78   52.69   33.69

            TCS.NS           639.8   54.09   65.79   19.24

            Trading Idea

1)Dabur(151)Buy this stock in decline and trade.

2)Wipro(588.80) Buy this stock in decline and trade.

By       

  Bullet Advisory Indian Stocks-India's Top Most No.1 Best Stock Market Advice Blog,Hot Stock Tips Calls by Expert Technical Analyst Narendra Nainani of India.Most Preferred and Successful  Paid Subscription Stock Tips Calls Website of India.Excellent Success Ratio of more than 90% with Superb trading ideas.Most Successful Intraday Stock Future Calls Provider Service Indian Share Market.

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