Bullet Advisory Analyses Indian Stock Market NSE BSE  Future Option Stocks

Bullet Advice For Indian Stocks Weekly –market may consolidate in a range      

BSE Sensex (17134.55) and Nifty (5083.40) closed  up by more than  2.5% each last week.Nifty Future October was quoting at 14.4 points discount.Nifty Put Option October 4900 was very active.Support for Sensex is at  16890 and Nifty at 4990.Resistance for Sensex is at 17430 and Nifty is at 5200.Crude oil was at 69.93 $.

BHEL,NTPC,JSW Enery ,GMR Energy and  India Bull Power may raise funds from the primary market in coming months.Selling by Hedge Funds in mid or end of the month is expected because of redemption pressure.

Bharti Airtel and IDFC added Open Interest in October series.Huge position was build up at  Ispat Industries October Call Option Strike Price 25.Good build up was also seen at IDFC October Call Option Strike Price 160..

Tactics for Future Option players.                                                                           

1)ISPAT IND(24.70) Lot Size-12450    

Buy One Call Option of September Strike Price 25@ Rs.1.65

Sell One Call Option of September Strike Price 30@0.40 Rs.

Premium .Paid=1.65*12450=.20542.50 Rs.

Premium Received=0.40*12450=4980.00 Rs.

Net Premium Paid=20542.50-4980.00= 15562.50 Rs.

Maximum Profit==30-25=5*12450==62250.00-15562.50=46687.50 Rs.

Maximum Loss=15562.50 Rs.

Break Even Price=26.25

2)IDFC(154.55) October Future-Lot Size 2950 shares.

Buy One Lot October Future @154.55

Sell One Call Option of October Strike Price 160@4.65 Rs.

Premium Received=4.65*2950= 13717.50Rs

Maximum Profit=160-154.55=5.45*2950==16077.50+13717.50=29795.00 Rs.

Max Loss=Unlimited.

Trend of Major Stocks

STOCK TREND Days WeeklyTrend MonthlyTrend

            BHEL.NS        Bulllish  3          Falling  Falling

            ICICIBANK.NS         Bulllish  2          Flat!     Flat!

            INFOSYSTC.NS        Bulllish  1          Falling  Falling

            ITC.NS            Bearish 2          Flat!     Flat!

            MARUTI.NS   Bearish 1          Falling  Rising

            SBIN.NS         Neutral             2          Flat!     Flat!

            TATASTEEL.NS         Neutral 2         Flat!     Flat!

            TCS.NS           Bulllish  3          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        2350.8 56.04   65.01   16.62

            ICICIBANK.NS         926.6   82.61   71.81   36.84

            INFOSYSTC.NS        2336.75           59.39   61.45   39.54

            ITC.NS            232.55 42.37   50.67   44.01

            MARUTI.NS   1655.95           68.11   65.57   35

            SBIN.NS         2210.75           79.45   71.85   36.23

            TATASTEEL.NS         510.8   65.33   61.29   29.95

            TCS.NS           629.85 73.71   74.46   31.27

                                                            Trading Idea

1)Ambuja Cement(102.45)Buy this stock in decline and trade.

2)JSW Steel(853.75) Buy this stock in decline and trade.

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Bullet Advisory Indian Stocks-India's top most no.1 best stockmarket advice blog,hot stocktips calls by expert technical analyst Narendra Nainani

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