Bullet Advice For Indian Stocks Weekly – Future and Options expiry  may cause volatility

BSE Sensex (16719.83) and Nifty (4987.70) closed down by  2.3%  and 2.5% respectively  last week.Nifty Future December was quoting at 0.90 points discont.Nifty Call Option December 5100 was very active.Support for Sensex is at  16310. Resistance for Sensex is at 17100 .Support for Nifty is at 4865 and resistance at 5100.Crude oil was at 73.30 $.

Caution at higher levels was visible.Fear of  possible CRR hike by RBI prevented players from making new commitments.

Suzlon and  ICICI Bank added Open Interest in December series.Huge position was build up at  Suzlon December Call Option Strike Price 85.Good build up was also seen at Tata Steel  December Call Option Strike Price 560..

1)Cipla(356.55) Lot Size-1250 Shares

Buy One Call Option of  December Strike Price 350@ Rs.11.00 Rs

Sell One Call Option of  December Strike Price 360@6.95 Rs.

Premium .Paid=11*1250= 13750.00 Rs.

Premium Received=6.95*1250= 8687.50Rs.

Net Premium Paid==13750-8687.50=5062.50 Rs.

Maximum Profit==360-350==10*1250=12500-5062.50=7437.50 Rs.

Maximum Loss= 5062.50 Rs.

Break Even Price=354.05

2)Cairn(268.45) December Future-Lot Size 1250 shares.

Buy One Lot December Future @268.45

Sell One Call Option of December Strike Price 270@5.30 Rs.

Premium Received=5.3*1250= 6625.00 Rs

Maximum Profit=270-268.45=1.55*1250=1937.50+6625.00=8562.50 Rs.

Max Loss=Unlimited.

Trend of Major Stocks

STOCK TREND Days WeeklyTrend MonthlyTrend

1. BHEL.NS        Bearish 3          Rising   Falling
2. ICICIBANK.NS         Bearish 5          Flat!     Flat!
3. INFOSYSTC.NS        Bearish 1          Rising   Falling
4. ITC.NS            Bearish 1          Flat!     Flat!
5. MARUTI.NS   Bearish 4          Falling  Falling
6. SBIN.NS         Bearish 10        Flat!     Flat!
7. TATASTEEL.NS         Bulllish  3          Flat!     Flat!
8. 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

1. BHEL.NS        2318.7 50.43   55.77   19.21
2. ICICIBANK.NS         809.35 34.18   36.27   16.63
3. INFOSYSTC.NS        2525.95           70.61   65.77   31.3
4. ITC.NS            247      24.07   40.03   19.24
5. MARUTI.NS   1548.8 51.47   47.3     12.34
6. SBIN.NS         2145.35           38.06   36.57   20.51
7. TATASTEEL.NS         563.25 46.5     55.2     12.23
8. TCS.NS           727.5   70.94   72.02   23.47

Trading Idea

1)Essar Oil(140.55)Buy this stock in decline and trade.

2)DCHL(158) Buy this stock in decline and trade

By

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