How To Trade Futures

Bullet Advice For Indian Stocks Weekly – market may remain volatile

BSE Sensex (16158.28) and Nifty (4796.15) closed  up  by  1.6%  and 1.8 % respectively  last week.Nifty Future November was quoting at 6.0 points discount.Nifty Call Option November 4800 was very active.Support for Sensex is at  15550. Resistance for Sensex is at 16850 .Support for Nifty is at 4610 and resistance at 5020.Crude oil was at 77.50 $.

Volatility may increase in coming times as FII’s may prefer to book profit ahead of year end.Finance Minister’s statement that no curbs are on cards for foreign capital helped the markets to stabilize at lower levels.

Ashok Leyland and  IFCI added Open Interest in November series.Huge position was build up at  Reliance Industries November Call Option Strike Price 2010.Good build up was also seen at Suzlon November Call Option Strike Price 70..

1)TataSteel(499.80) Lot Size-764

Buy One Call Option of  November Strike Price 500@ Rs.23.50

Sell One Call Option of  November Strike Price 530@13.00 Rs.

Premium .Paid=23.50*764=.17954.00 Rs.

Premium Received=13*764=9932.00 Rs.

Net Premium Paid=17954-9932=8022.00 Rs.

Maximum Profit==530-500==30*764=22920-8022=14898.00 Rs.

Maximum Loss=8022 Rs.

Break Even Price=510.50

2)IDFC(158) November Future-Lot Size 2950 shares.

Buy One Lot November Future @158

Sell One Call Option of November Strike Price 160@5.25 Rs.

Premium Received=5.25*2950= 15487.50 Rs

Maximum Profit=160-158=2*2950=5900 + 15487.50=21387.50 Rs.

Max Loss=Unlimited.

Trend of Major Stocks

STOCK TREND Days WeeklyTrend MonthlyTrend

BHEL.NS        Bulllish  2          Falling  Falling ICICIBANK.NS         Bulllish  3          Flat!     Flat! INFOSYSTC.NS        Bulllish  3          Falling  Falling ITC.NS            Bearish 2          Flat!     Flat! MARUTI.NS   Bulllish  4          Falling  Falling SBIN.NS         Bulllish  1          Flat!     Flat! TATASTEEL.NS         Bulllish  3          Flat!     Flat! TCS.NS           Bearish 1          Flat!     Flat!

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        2219.9 41.28   38.81   25.43 ICICIBANK.NS         848.55 56.68   48.83   27.25 INFOSYSTC.NS        2218.6 33.25   48.98   16.07 ITC.NS            248.85 57.35   49.65   28.42 MARUTI.NS   1471.25           47.15   47.19   15.09 SBIN.NS         2205    47.11   51.79   22.93 TATASTEEL.NS         499.8   63.97   49.16   26.53 TCS.NS           622.15 43.24   55.11   16.24

Trading Idea

1)HDIL(359.65)Buy this stock in decline and trade.

2)Ranbaxy(414.40) Buy this stock in decline and trade

By

Bullet Advisory Indian Stocks-India’s Top Most No.1 Best Stock Market Advice Blog,Hot Stock Tips Calls by Expert Technical Analyst Narendra Nainani of India.Most Preferred and Successful  Paid Subscription Stock Tips Calls Website of India.Excellent Success Ratio of more than 90% with Superb trading ideas.Most Successful Intraday Stock Future Calls Provider Service Indian Share Market.

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By

Bullet Advisory Indian Stocks-India’s top most no.1 best stockmarket advice blog,hot stocktips calls by expert technical analyst Narendra Nainani of India

Website   http://www.narendranainani.blogspot.com

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This entry was posted on Tuesday, April 27th, 2010 at 5:06 pm and is filed under futures options. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.