Bullet Advice For Indian Stocks Weekly –volatility may increase ahead of F&O expiry

BSE Sensex (15240.80) and Nifty (4528.80) closed 1.1% and 1.11% down respectively last week.Nifty Future August was quoting at 3.2 points premium.Nifty Call Option August 4500 was very active.Support for Sensex is at 14380 and Nifty at 4260.Resistance for Sensex is at 15840 and Nifty is at 4710.Crude oil was at 73.94 $.

Market found support at lower levels after the Finance Minister and Prime Minister gave assurance that India is capable of tackling the severe drought situation as there is good buffer stock of grains.Corporate profits are also expected to be better in coming years.

SBI and DLF added Open Interest in August series.Suzlon and Cairn shaded Open Interest.Huge position was build up at DLF August Call Option Strike Price 380.Good build up was also seen at Suzlon August Call Option Strike Price 90.

Tactics for Future Option players.

1)Nifty(4528.80) Lot Size-50
Buy One Call Option of September Strike Price 4500@ Rs.206.10

Sell One Call Option of September Strike Price 4700@116.00 Rs.
Premium .Paid=206.10*50=10305.00 Rs.
Premium Received=116*50=5800.00 Rs.
Net Premium Paid=10305.00-5800.00= 4505.00 Rs.
Maximum Profit==4700-4500=200*50=10000-4505=5495.00 Rs.
Maximum Loss=4505.00 Rs.
Break Even Price=4590.10

2)IDEA(83.50) September Future-Lot Size 2700 shares.
Buy One Lot September Future @83.50
Sell One Call Option of September Strike Price 90@2.30 Rs.
Premium Received=2.30*2700=6210.00 Rs
Maximum Profit=90-83.50==6.5*2700=17550+6210=23760.00 Rs.
Max Loss=Unlimited.

Trend of Major Stocks

STOCK TREND Days WeeklyTrend MonthlyTrend

BHEL.NS Bulllish 4 Rising Falling
ICICIBANK.NS Bulllish 2 Falling Falling
INFOSYSTC.NS Bulllish 2 Falling Rising
ITC.NS Bulllish 2 Falling Rising
MARUTI.NS Bulllish 3 Falling Rising
SBIN.NS Bulllish 2 Falling Falling
TATASTEEL.NS Bulllish 1 Falling 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

BHEL.NS 2301.8 53.77 58.37 11.65
ICICIBANK.NS 745.4 49.36 52.98 10.05
INFOSYSTC.NS 2033.1 59.06 55.51 39.65
ITC.NS 228.95 48.5 49.33 63.61
MARUTI.NS 1388.2 68.33 58.91 22.99
SBIN.NS 1775.85 49.09 53.96 13.44
TATASTEEL.NS 444.95 50.93 51.5 16.66
TCS.NS 509.25 59.34 52.37 20.52

Trading Idea

1)Punj Lloyd(241.30)Buy this stock in decline and trade.
2)ABB(705.20) Buy this stock in decline and trade.

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BULLET ADVISORY INDIAN STOCKS – Narendra Nainani , Renowned Technical Analyst of India provides Advisory Service for Indian Stocks NSE BSE.Advice for Portfolio,Investment,Sensex, Nifty,Nifty Future,Nifty Options,Stock Future,Stock Options,Call Option,Put Option Tips,Derivative Strategies,Buy Today Sell Tomorrow StockTips,Day Trading Calls Tips,Positional Calls,Delivery Calls Guidance Recommendation. Website narendranainani.blogspot.com.

Article Source: Bullet Advisory Analyses Indian Stock Market NSE Nifty Future Stocks