BSE Sensex (15689.12) and Nifty (4680.40) closed  1.5 % and 1.1% down respectively last week.Nifty Future September was quoting at 12.10 points premium.Nifty Call Option September 4700 was very active.Support for Sensex is at  15090 and Nifty at 4505.Resistance for Sensex is at 16220 and Nifty is at 4820.Crude oil was at 68.09 $.

Initial Public Offer of Oil India will open for subscription on 7^th September 2009.Share price of recently listed NHPC closed below the offer price of 36 on Friday 4^th September 2009.

RIL and IFCI added Open Interest in September series.Chambal Fertilizer and Tata Steel shaded Open Interest.Huge position was build up at RIL September Call Option Strike Price 2010.Good build up was also seen at IFCI  September Call Option Strike Price 60..

Tactics for Future Option players.                                                                           

>

1)IFCI(58.65) Lot Size-7880

Buy One Call Option of September Strike Price 60@ Rs.3.35

Sell One Call Option of September Strike Price 70@0.80 Rs.

Premium .Paid=3.35*7880=.26398.00 Rs.

Premium Received=0.80*7880=6304.00 Rs.

Net Premium Paid=26398-6304= 20094.00 Rs.

Maximum Profit==70-60=10*7880=78800-20094=58706.00 Rs.

Maximum Loss=20094.00 Rs.

Break Even Price=62.55

2)INFOSYS(2205) September Future-Lot Size 200 shares.

Buy One Lot September Future @2205

Sell One Call Option of September Strike Price 2280@33.00 Rs.

Premium Received=33*200=6600.00 Rs

Maximum Profit=2280-2205=75*200==15000.00+6600.00=21600.00 Rs.

Max Loss=Unlimited.

>

>

Trend of Major Stocks

STOCK TREND Days WeeklyTrend MonthlyTrend

BHEL.NS  Bearish 5  Falling  Falling

ICICIBANK.NS  Bulllish 1 Falling Falling

INFOSYSTC.NS Bulllish 2 Falling Falling

ITC.NS Bulllish 1 Falling Falling

MARUTI.NS Bulllish 1 Rising Falling

SBIN.NS Bulllish 2 Falling Falling

TATASTEEL.NS Bulllish 2      Falling  Falling

TCS.NS Bearish 1 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        2212.05           49.67   47.06   13.05

ICICIBANK.NS         743.9   44.25   51.14   13.55

INFOSYSTC.NS        2201.05           66.17   65.35   37.4

ITC.NS            233.25 30.82   50.36   50.46

MARUTI.NS   1546.6 64.19   68.21   26.99

SBIN.NS         1762.45           41.7     52.77   10.1

TATASTEEL.NS         430.25 47.54   48.82   17.3

TCS.NS           531.9   62.27   55.89   22.07

Trading Idea

1)PETRONET(76.30)Buy this stock in decline and trade.

2)IDFC(134.80) 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.

website www.narendranainani.blogspot.com