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Bullet Advisory Indian Stocks Weekly— FIIs’ in no mood state after Satyam saga
By Narendra Nainani of Bullet Advisory Indian Stocks
Bullet Advisory Indian Stocks Weekly— FIIs’ in no mood state after Satyam saga BSE Sensex(9406.47) and Nifty(2847) closed 5.5% and 5.7% down respectively last week. Inflation was at 5.91 v/s 6.38 last week.Crude oil was at 42$.Market lost ground after Ramalinga Raju Chairperson of Satyam Computer resigned and confessed the fraud amounting 7000 Cr.FIIs’ like Morgan Stanley,UBS AG,Fidelity and Aberdeen were disappointed and exited from the counter at market price.SEBI summonsed Mr.Raju in late afternoon for inquiry and he surrendered himself to AP police in the evening.Support for Sensex is at 8500 and for Nifty 2607.Resistance for Sensex is at 10165 and Nifty is at 3075. Nifty put-call ratio was 1.12.Nifty 2900 put option added open interest. Jaiprakash associates and Unitech added open interest. ICICI Bank and Satyam shaded open interest. Huge position was build up at Unitech January call option strike price 40 and RNRL January call option strike price 60. Tacticsfor Future Option players.
1)UNITECH(36) Lot Size-900 Shares
Buy one call option of January strike price 35@5.15 Rs.
Sell one call option of January strike price 40@4.15 Rs.
Premium .Paid=5.15*900=4635.00 Rs.
Premium Received=4.15*900=3735.00 Rs.
Net Premium Paid=4635.00-3735.00=900.00 Rs.
Maximum Profit=40-35=5*900=4500.00-900.00=3600.00 Rs.
Maximum Loss=900.00 Rs.
Break-even=36 Rs. 2)NTPC(175.50) January future-Lot Size 1625 shares.
Buy one lot January future @175.50
Sell one call option of January strike price 180@5.10 Rs.
Premium Received=5.10*1625=8287.50 Rs.
Max Profit==180.00-175.50=4.50*1625=7312.50+8287.50=15600.00 Rs.
Max loss=Unlimited.
Trading Idea
1)BPCL(380.65)Buy this stock in decline and trade.
2)TCS(536.95)Buy this stock in decline and trade.
Trend of Major Stocks
STOCK TREND Days WeeklyTrend MonthlyTrend ICICIBANK.NS Bearish 2 Rising Rising
INFOSYSTC.NS Bulllish 4 Rising Falling
ITC.NS Bearish 2 Falling Rising
MARUTI.NS Bulllish 8 Rising Rising
SATYAMCOM.NS Bearish 2 Falling Falling
SBIN.NS Bearish 3 Falling Rising
TATASTEEL.NS Bearish 2 Rising Rising
TCS.NS Bulllish 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
ICICIBANK.NS 456.6 61.59 53.28 23.59
INFOSYSTC.NS 1203.4 79.09 55.34 13.83
ITC.NS 169.65 44.88 46.4 11.67
MARUTI.NS 585.85 70.64 63.67 20.76
SATYAMCOM.NS 23.75 31.33 20.43 44.36
SBIN.NS 1221.1 60.58 46.3 15.93
TATASTEEL.NS 215 49.36 48.06 19.65
TCS.NS 536.95 45.65 58.36 10.94
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Contributor's Note
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
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This intel was contributed by naninn
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May, 2012
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