Bullet Advisory Indian Stocks Weekly-dow Drowns Global Indices

BSE Sensex (8843.21) and Nifty (2736.45) closed 8.2% and 7.2% down respectively last week.Nifty put call ratio was 1.09.Nifty March 2500 put option added open interest.Support for Sensex is at 8207 and for Nifty 2555.Resistance for Sensex is at 9400 and Nifty is at 2890.Inflation was at 3.92 v/S 4.39 last week.Crude oil was at 39$.

FIIs’ remained net sellers in the market.Satyam received an approval to sell the stake to a strategic investor from The Company Law Board.Lowest closing of DOW since 2002 triggered a sell-off in all equity markets.United Spirits and Bharti Airtel added open interest.Reliance Industries and ICICI Bank shaded open interest. Huge position was build up at Bharti Airtel February call option strike price 640 and SAIL February call option strike price 85.

Tactics for Future Option players.

1)NTPC(177.75) Lot Size-1625 Shares
Buy one call option of March strike price 175@8.00 Rs.
Sell one call option of March strike price 180@5.85 Rs.
Premium .Paid=8.00*1625=13000.00 Rs.
Premium Received=5.85*1625=9506.25 Rs.
Net Premium Paid=13000.00-9506.25=3493.75 Rs.
Maximum Profit=180-175=5*1625=8125.00-3493.75=4631.25 Rs.

Maximum Loss=3493.75 Rs.
Break-even=177.15 Rs.

2)BHEL(1348.95) March future-Lot Size 300 shares.
Buy one lot March future @1348.95
Sell one call option of March strike price 1380@50.00 Rs.
Premium Received=50*300=15000.00 Rs.
Max Profit==1380-1348.95=31.05*300=9315.00+15000.00=24315.00 Rs.
Max loss=Unlimited.

Trading Idea

1)BPCL(412.65)Buy this stock in decline and trade.
2)AshokLeyland(15.45)Buy this stock in decline and trade.

Trend of Major Stocks



STOCK TREND Days WeeklyTrend MonthlyTrend

BHEL.NS Bulllish 3 Falling Rising
ICICIBANK.NS Bearish 4 Falling Rising
INFOSYSTC.NS Bearish 7 Falling Rising
ITC.NS Neutral 1 Falling Rising
MARUTI.NS Neutral 2 Rising Rising
SBIN.NS Bearish 4 Falling Rising
TATASTEEL.NS Bearish 4 Falling Rising
TCS.NS Bearish 7 Falling 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 1364.1 50.64 51.09 13.46
ICICIBANK.NS 335.85 41.12 34.63 15.34
INFOSYSTC.NS 1177.15 45.03 38.72 20.59
ITC.NS 180.2 63.18 55.69 17.45
MARUTI.NS 629.5 59.98 60.38 18.47
SBIN.NS 1044.05 47.79 37.09 21.01
TATASTEEL.NS 168.1 56.81 39.35 16.93
TCS.NS 474.05 50.47 39.86 11.9


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By: narendra nainani

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