Mar

31

Bullet Advisory Indian Stocks Weekly-Due general election in April will keep big players on sideline

Posted In: Stock Market

BSE Sensex (8966.68) and Nifty (2807.05) closed 2.4% and 3.2% up respectively last week. Nifty Put Call Ratio was 1.59. Nifty March 2800 Call Option was very active. .Support for Sensex is at 8735 and Nifty at 2727.Resistance for Sensex is at 9300 and Nifty is at 2915. Inflation was at 0.44 v/S 2.43 last week.Crude oil was at 51.50$.
SEBI ‘s committee on F&O review recommended mini contracts in the stock future.Mini contract could be 1/4the to 1/10 the of the present contract size.Option tenure could be extended upto five years.Physical settlement of a single stock future can be done at the choice of buyer.IDEA and GVKPIL added Open Interest in April Series. Mindtree and JetAirways shaded Open Interest in March Series.Huge position was build up at SAIL March Call Option Strike Price 90.Good build up was also seen at HINDALCO March Call Option Strike Price 50. .

Tactics for Future Option players.

1)NTPC(177.55) Lot Size-1625 Shares
Buy One Call Option of April Strike Price 180@6.50 Rs.
Sell One Call Option of April Strike Price 190@3.05 Rs.
Premium .Paid=6.50*1625=10562.50 Rs.
Premium Received=.3.05*1625=4956.25 Rs.
Net Premium Paid=10562.50-4956.25=5606.25 Rs.
Maximum Profit=190-180=10*1625=16250.00-5606.25=10643.75 Rs.
Maximum Loss=5606.25 Rs.
Break-even= 183.45

2)Ispat Industries(10.15) April Future-Lot Size 24900 shares.
Buy One Lot April Future @10.15 Rs.
Sell One Call Option of April Strike Price 12.50@0.35 Rs.
Premium Received=0.35*24900=8715.00 Rs.
Max Profit==12.50-10.15=2.35*24900=58515.00+8715.00=67230.00 Rs.
Max Loss=Unlimited.

Trading Idea

1)AmbujaCement(69.55)Buy this Stock in decline and trade.
2)CentralBank(32.10)Buy this Stock in decline and trade

Trend of Major Stocks

STOCK TREND Days WeeklyTrend MonthlyTrend

BHEL.NS Bearish 2 Falling Rising
ICICIBANK.NS Bearish 1 Rising Falling
INFOSYSTC.NS Neutral 1 Rising Rising
ITC.NS Neutral 1 Falling Rising
MARUTI.NS Bearish 1 Rising Rising
SAIL.NS Bulllish 3 Rising Rising
SBIN.NS Neutral 1 Rising Falling
TATASTEEL.NS Bulllish 7 Rising Rising
TCS.NS Bearish 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

BHEL.NS 1378.05 50.33 51.03 14.39
ICICIBANK.NS 323.05 37.17 46.04 27.34
INFOSYSTC.NS 1296.2 60.47 59.77 17.61
ITC.NS 169.2 40.51 45.15 18.76
MARUTI.NS 710.95 63.57 62.48 40.83
SAIL.NS 88.65 58.13 61.5 16.09
SBIN.NS 954.7 16.68 40.52 36.59
TATASTEEL.NS 176.25 59.73 53.51 17.15
TCS.NS 509.8 64.74 55.53 17.91

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Article Source: Bullet Advisory Indian Stocks Weekly-Due general election in April will keep big players on sideline