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Bullet Advisory Indian Stocks Weekly— Markets to remain stock specific following Q3 results
By Narendra Nainnai of Bullet Advisory Indian Stocks
Bullet Advisory Indian Stocks Weekly— Markets to remain stock specific following Q3 results BSE Sensex(9323.59) and Nifty(2828.45) closed 0.9% and 1.6% down respectively last week. Inflation was at 5.24 v/s 5.91 last week.Crude oil was at 36$.Wipro lost ground on the reports of blacklisted by world bank for applying in new tenders till 2011.Infosys and Sasken were down on the news of Nortel filing the bankruptcy under chapter 11. Unitech saw the set back as Fitch downgraded it’s rating on doubts of repayment capabilities.KPMG and Deloitte were given assignment of restating the accounts of Satyam by newly appointed board.Lazard and Swiss Finance Co. offloaded the shares of Satyam at market price in huge quantity.Support for Sensex is at 9040 and for Nifty 2730.Resistance for Sensex is at 9690 and Nifty is at 2960. Nifty put-call ratio was 0.93.Nifty 2600 put option added open interest.Satyam and ICICI Bank added open interest. TataSteel and Infosys shaded open interest. Huge position was build up at RPL January call option strike price 80 and Reliance Industries January call option strike price 1200 Tactics for Future Option players.
1)Nagarjuna Fertilizers(16.15) Lot Size-3500 Shares
Buy one call option of January strike price 15@1.75 Rs.
Sell one call option of January strike price 20@0.30 Rs.
Premium .Paid=1.75*3500=6125.00 Rs.
Premium Received=0.30*3500=1050.00 Rs.
Net Premium Paid=6125.00-1050.00=5075.00 Rs.
Maximum Profit=20-15=5*3500=17500-5075=12425.00 Rs.
Maximum Loss=5075.00 Rs.
Break-even=16.45 Rs. 2)IDFC(60) January future-Lot Size 1475 shares.
Buy one lot January future @60.00
Sell one call option of January strike price 60@3.75 Rs.
Premium Received=3.75*1475=5531.25 Rs.
Max Profit==5531.25 Rs.
Max loss=Unlimited.
Trading Idea
1)MatrixLab(74.70)Buy this stock in decline and trade.
2)GSFC(79.85)Buy this stock in decline and trade.
Trend of Major Stocks
STOCK TREND Days WeeklyTrend MonthlyTrend ICICIBANK.NS Bearish 7 Falling Rising
INFOSYSTC.NS Neutral 1 Rising Falling
ITC.NS Bulllish 4 Rising Rising
MARUTI.NS Neutral 2 Rising Rising
SATYAMCOM.NS Bulllish 1 Falling Falling
SBIN.NS Bearish 1 Falling Rising
TATASTEEL.NS Bearish 2 Rising Rising
TCS.NS Bearish 2 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 423.75 54.68 47.52 18.89
INFOSYSTC.NS 1267.4 76.21 58.65 17.78
ITC.NS 171.75 47.53 50.82 13.73
MARUTI.NS 589.65 76.05 61.09 17.66
SATYAMCOM.NS 24.5 32.96 23.87 51.54
SBIN.NS 1164.15 49.88 42.25 19.32
TATASTEEL.NS 204.05 39.95 45.55 16.93
TCS.NS 503 50.6 48.24 9.99
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Contributor's Note
India's top most no.1 best stockmarket advice blog hot stocktips calls by expert technical analyst of India.Most preferred paid subscription stocktips calls website India.Excellent success ratio of more than 90%.good superb trading ideas. M-9898162770
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narendra nainani
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This intel was contributed by naninn
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