Sensex Future

Bullet advice for stocks weekly Indian market will remain bound off before the Union Budget

BSE Sensex (14764.64) and Nifty (4375.50) closed 1.7% and 1.4% up respectively

Future week.Nifty last quoted at 8.5 points in July premium.Nifty option in July 4500 was very active.Support for Sensex is at 14250 and Nifty 4210.Resistance for the Sensex and Nifty is at 15,280 is oil 4540.Crude was $ 69.00.

Union Budget will be presented July 6, 2009 by the Finance Minister Pranab Mukharjee.Deregulation fuel prices is expected with more power given to PSU oil refineries to decide the price of gasoline may increase diesel.This the price of petrol and diesel significantly.

RIL and ICICI Bank added open interest in July and Cairn Series.ACC Open Interest.Huge shaded position has been built for RIL July Call Option Exercise Price 2010.Good building has also been seen in IFCI in July Call Option Strike Price 60.

Tactics for the players option for the future.

1) Hindalco (86.70) the size of the lot-3518 Actions

1. Premium. Paid = 9.15 * 3518 = 32189.70 Rs

Premium received =. 4.10 * 3518 = Rs 14,423.80

Net premium paid = = 32189.70-14423.80 17765.90 Rs.

Max profit = 95-85 = 10 * 3518 = 35180-17765.90 = 17414.10 Rs

Breakeven Price = 90.05

2) RPL (1126.85) July Future-Lot Size 1,675 shares.

Buy a batch of July Future@126.85 Rs

Selling a call option exercise price of Rs July 140@5.0

Premium received = 5 * 1675 = Rs 8375.00

Maximum profit = 140-126.85 = 13.15 * 1675 = 22026.25 + 8375.00 = 30401.25 Rs

Max loss = unlimited.

Trading Idea

1. 1) HDIL (251.55) Buy this stock in decline and trade
2. 2) ICICI Bank (756.15) Buy this stock in decline and trade

Evolution of main stocks

STOCK TREND WeeklyTrend MonthlyTrend Days

1. BHEL.NS Bulllish 1 falling Rising
2. ICICIBANK.NS Bulllish 1 falling Rising
3. INFOSYSTC.NS Bulllish 7 Rising
4. ITC.NS Neutral 1 Falling Falling
5. MARUTI.NS Bulllish 1 falling Rising
6. Neutral 1 SBIN.NS Falling Rising
7. TATASTEEL.NS bearish 1 falling Rising
8. TCS.NS Bulllish 3 Falling Rising

Technical indicators for the main stocks

= MFI Money Flow Index

RSI = relative strength index

ADX Directional Momentum Index =

STOCK CLOSE MFI-21-14-14 RSI ADX

1. BHEL.NS 2203.75 42.68 58.05 33.83
2. ICICIBANK.NS 756.15 36.77 55.32 21.07
3. INFOSYSTC.NS 1827.1 69.1 52.84 67.11
4. ITC.NS 196.7 56.16 52.03 25.18
5. MARUTI.NS 1059.25 52.81 55.88 23.71
6. SBIN.NS 1749.25 47.01 56.16 33.24
7. TATASTEEL.NS 388.55 48.13 47.7 25.25
8. TCS.NS 397.4 70.48 29.87 45.97

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Bullet Advisory Indian stocks over India the most # 1 best blog of stock tips, hot stocktips calls by an expert analyst of Narendra Nainani India.Most preferred stocktips paid subscription site calls the success rate of over India.Excellent 90% with trading ideas superb.

Narendra Nainani is deemed technical analyst.