BSE Sensex (11329.00) and Nifty (3480.75)  closed 2.8% and 2.81% up respectively last week. Nifty  Put Call Ratio was 1.52. Nifty Future April was quoting at six points discount.Nifty Call Option April 3500 was very active.Support for Sensex is at 10900 and  Nifty  at 3350.Resistance for Sensex is at 11780 and Nifty is at 3620.Crude oil was at 51.50$.

 

  CRR and Repo Rate cut by Reserve Bank Of India helped the sentiment during the week.Future and Option expiry will be on 29^th April instead of 30^th April as markets will remain closed on 30^th April because of  parliamentary elections.Fifty stocks will be removed from the future trading after this expiry.

 

  Jaiprakash Associates and  HDIL  added Open Interest in April Series.Tata Steel and DLF shaded Open Interest.Huge position was build up at IFCI April Call Option Strike Price 30.Good build up was also seen at RNRL April Call Option Strike Price 60. .

 

   Tactics for Future Option players.

 

1)NIFTY(3480.75) Lot Size-50

   Buy One Call Option of  May Strike Price 3500@181.00 Rs.

   Sell One Call Option of  May Strike Price 3600@135.90  Rs.

   Premium .Paid=181.00*50=9050.00 Rs.                                   

   Premium Received=.135.90*50=6795.00 Rs.

   Net Premium Paid=9050.00-6795.00=2255.00 Rs.

   Maximum Profit=3600-3500=100*50=5000.00-2255.00=2745.00 Rs.

   Maximum Loss=2255.00 Rs.

   Break-even= 3545.10 Rs. 

 

2)CAIRN(194) May Future-Lot Size 2500 shares.

    Buy One Lot May Future @194.00 Rs.

    Sell One Call Option of  May Strike Price 200@9.90 Rs.

    Premium Received=9.90*2500=24750.00 Rs.

    Max Profit==200-194=6*2500=15000.00+24750.00=39750.00 Rs.

    Max Loss=Unlimited.

 

 

 

 

 

   Trading Idea

 

1)ADLAB FILM(236.05)Buy this Stock in decline and trade.  

2)INDIAN BANK(117.30)Buy this Stock in decline and trade

 

 

 

 

   Trend of Major Stocks

 

 

                                                           

                                                           

STOCK TREND Days  WeeklyTrend  MonthlyTrend

 

BHEL.NS                    Neutral             1          Rising   Rising  

ICICIBANK.NS         Bulllish  1          Rising   Rising  

INFOSYSTC.NS        Bulllish  2          Rising   Rising  

ITC.NS                        Neutral             4          Rising   Rising  

MARUTI.NS               Bulllish  1          Falling  Rising  

SBIN.NS                     Neutral             2          Rising   Rising  

TATASTEEL.NS         Neutral             2          Rising   Rising  

TCS.NS                       Bulllish  2          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                  1643.4   67.81   59.65   25.19

ICICIBANK.NS         434.1   72.76   61.06   19.01

INFOSYSTC.NS        1448.6 65.82   63.36   22.6

ITC.NS                        190.55 68.33   57.96   16.98

MARUTI.NS                803     77.1     56.72   44.83

SBIN.NS                  1311.15  70.01   66.32   29.91

TATASTEEL.NS         261.15 65.58   60.65   38.41

TCS.NS                       583.9   66.37   59.71   24.88

           

                                                                                                                       

By

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