Bullet Advisory Analyses Indian Share Market Nifty Shares Future Options

Bullet Advice For Indian Stocks Weekly – market will follow global cues

BSE Sensex (15896.28) and Nifty (4711.70) closed  down  by  5.4%  and 4.75 % respectively  last week.Nifty Future November was quoting at 3.95 points discount.Nifty Call Option November 4900 was very active.Support for Sensex is at  15100. Resistance for Sensex is at 16620 .Crude oil was at 77.30 $.

RCOM,SBI,Hindalco,Unitech and Hindustan Unilever will unveils Q2 results next week.U.S.Federal Reserve meeting is scheduled on 3rd and 4th November 2009.

Ashok Leylandand Hindalco added Open Interest in November series.Huge position was build up at  Ispat Industries November Call Option Strike Price 22.5.Good build up was also seen at IFCI November Call Option Strike Price 50..

1)Ranbaxy(390.40) Lot Size-800

Buy One Call Option of  November Strike Price 390@ Rs.19.50

Sell One Call Option of  November Strike Price 420@7.90 Rs.

Premium .Paid=19.50*800=.15600.00 Rs.

Premium Received=7.90*800=6320.00 Rs.

Net Premium Paid=15600-6320= 9280.00 Rs.

Maximum Profit==420-390=30*800==24000-6320=17680.00 Rs.

Maximum Loss=9280 Rs.

Break Even Price=401.60

2)Ashok Leyland(45.95) November Future-Lot Size 9550 shares.

Buy One Lot November Future @45.95

Sell One Call Option of November Strike Price 47.50@1.35Rs.

Premium Received=1.35*9550= 12892.50 Rs

Maximum Profit=47.50-45.95=1.55*9550==14802.50+12892.50=27695.00 Rs.

Max Loss=Unlimited.

Trend of Major Stocks

STOCK TREND Days WeeklyTrend MonthlyTrend

1. BHEL.NS       Bearish 9          Falling  Falling
2. ICICIBANK.NS         Bearish 8          Flat!     Flat!
3. INFOSYSTC.NS        Bearish 2          Falling  Falling
4. ITC.NS            Bearish 2          Flat!     Flat!
5. MARUTI.NS   Neutral 1          Falling  Rising
6. SBIN.NS         Bearish 8          Flat!     Flat!
7. TATASTEEL.NS         Bearish 8          Flat!     Flat!
8. TCS.NS           Bearish 2          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        2217.8 51.76   33.41   25.19
2. ICICIBANK.NS         790.8   57.28   37.21   31.64
3. INFOSYSTC.NS        2206.2 37.94   46.15   17.6
4. ITC.NS            254.8   61.5     55.58   37.88
5. MARUTI.NS   1403.3 39.59   36.73   17.43
6. SBIN.NS         2191.05           46.77   50.07   26.65
7. TATASTEEL.NS         471.55 61.97   38.04   28.79
8. TCS.NS           628.3   46.77   59.13   19.6

Trading Idea

1)FSL(34.70)Buy this stock in decline and trade.

2)GDL(123.15) Buy this stock in decline and trade.

By

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