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Bullet Advisory Indian Stocks Weekly
By Narendra Nainani of BULLET Advisory Indian Stocks
website www.narendranainani.blogspot.com MARKET WILL MOVE IN TANDOM DUE TO EXPIRY BSE Sensex(8915.21) and Nifty(2693.45) closed 5.0% and 4.2% down last week.Inflation was also under control 8.90 v/s 8.98 last week.Crude oil was at 51$.Market declined due to concernes over auto sector crisis in USA .Prime minister Manmohansingh assured growth rate of 8% in difficult times also.UPA chairperson Sonia Gandhi stressed on government spending in infrastructure to boost demand.It is to be seen how positively markets takes it and if the double bottom made remains intact and market forges ahead.Rollover in the futures was very low before expiry.Support for Sensex is 8350 and for Nifty 2520.Resistance for Sensex is 9450 and Nifty is at 2850. Selling of FII was visible..Nifty put-call ratio was 1.03.Nifty 2600 call added open interest.HDIL and Chambal Fertilizer added open interest.RPL and TataSteel reduced open interest. Strategy for Future Option players. 1)RPL(73.95) Lot Size-1675 Shares.
Buy one call option of December month strike price 75@7.00 Rs.
Sell one call option of December month strike price 80@5.20 Rs.
Premium Paid=7.00*1675=11725.00 Rs.
Premium Received=5.20*1675=8710.00 Rs.
Net Premium Paid=11725.00-8710.00=3015.00 Rs.
Maximum Profit=80-75=5*1675=8375-3015=5360.00 Rs.
Maximum Loss=3015.00 Rs.
Break-even=76.80 Rs. 2)NIFTY(2732) December month future-Lot Size 50 shares.
Buy one lot December month future@2732.00
Sell one call option of December month strike price 2800@171.00 Rs.
Premium Received=171.00*50=8550.00 Rs.
Max Profit=2800-2732=68.00*50=3400+8550.00=11950.00 Rs.
Max loss=Unlimited. Trading Idea 1)Reliance(1124.35)Buy this stock in decline and trade.
2)IndHotel(47.75)Buy this stock in decline and trade.
Trend of Major Stocks
STOCK TREND Days WEEKLYTREND MONTHLY TREND
ICICIBANK.NS Bearish 8 Flat! Flat!
INFOSYSTC.NS Bulllish 1 Rising Falling
ITC.NS Bulllish 1 Flat! Flat!
MARUTI.N Bulllish 1 Falling Falling
SAIL.NS Bulllish 1 Flat! Flat!
SATYAMCOM.NS Bulllish 1 Falling Rising
SBIN.NS Bulllish 1 Rising Falling
TATASTEEL.NS Neutral 1 Flat! Flat!
TCS.NS Bulllish 1 Rising Falling 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
ICICIBANK.NS 334.05 38.58 37.65 20.60
INFOSYSTC.NS 1184.65 35.66 41.69 32.31
ITC.NS 169.85 46.19 51.60 21.13
MARUTI.NS 509.95 25.72 36.93 33.60
SAIL.NS 62.90 35.46 33.18 37.03
SATYAMCOM.NS 240.60 28.16 37.90 29.96
SBIN.NS 1175.00 31.87 45.09 29.05
TATASTEEL.NS 159.70 32.92 30.91 37.99
TCS.NS 506.45 42.11 44.44 23.98
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Contributor's Note
Narendra Nainani
AHMEDABAD, GUJARAT, India
Narendra Nainani is renowned technical analyst and stock market advisor of INDIA having experience of more than 26 years having excellent success ratio.Expert in Derivatives Products-Futures & Options,Intraday,Short Term ,Medium Term,Long Term,Portfolio Management,IPO & Mutual Fund Advisor.Covered regularly by E TV & Business Magazines like The Economic Revolution for Market views.
website www.narendranainani.blogspot.com
M-9898162770
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This intel first appeared on: http://narendranainani.blogspot.com
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This intel was contributed by naninn
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May, 2012
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