BSE Sensex (9690. 07) and Nifty (2921. 35) closed 8. 1% and 7. 6%  up last week. Nifty put-call ratio was 1. 00. Support for Sensex is 9280 and for Nifty 2780. Resistance for Sensex is 9920 and Nifty is at 3000. Inflation was also under control 8. 00 v/s 8. 40 last week. Crude oil was at 48$. Market recovered from low levels on rate cut of 100 basis points of Repo and Reverse Repo cut by Reserve Bank Of India. Positive statement by Mr Monteksingh Ahluwalia, Deputy Chaiman Planning Commision that growth rate would be maintainted at 7 %. Held the market tight. Market also took the note of  Mr. Kamalnath,Commerce Minister that there could be second round of stimulus package in offing. Economic package declared on Saturday woth 28300 Cr for housing and infrastructure for 21 projects along with 4% excise duty cut in automobiles aided the sentiment to positive side. IIP nos. were down by 0. 4% during October but after initial knee jerk reaction market again went up on sustained FII buying. . Even the negative impact of $14 billion package not sanctioned by U. S. Senate for automobile sector which could hurt General Motors and Chrysler was absorbed by the market smartly.  Buying of FII was visible. . . Nifty 2900 call option  added open interest. Reliance    and  Reliance Capital   added open interest. ICICI Bank  and Bank Of India  lost open interest.

 

Strategy for Future Option players.

 

1)Reliance(1307. 10)  Lot Size-75 Shares.

 

   Buy one call option of December month strike price 1290@72. 00 Rs.

 

   Sell  one call option of December month strike price 1380@36. 00 Rs.

 

   Premium Paid=72*75=5400. 00 Rs.

 

   Premium Received=36*75=2700. 00 Rs.

 

   Net Premium Paid=5400. 00-2700. 00=2700. 0 Rs.

 

   Maximum Profit=1380-1290=90*75=6750. 00-2700. 00=4050. 00 Rs.

 

   Maximum Loss=2700. 00 Rs.

 

   Break-even=1326. 00 Rs.

 

2)BPCL(355) December  month future-Lot Size 550 shares.

 

    Buy one lot  December month 355. 00

 

    Sell  one call option of  December month strike price 360@7. 00 Rs.

 

    Premium Received=7*550=3850. 00  Rs.

 

    Max Profit=360-355=5+7=12*550=6600. 00Rs.

 

    Max loss=Unlimited.

 

Trading Idea

 

1)TVS Motors(25. 55)Buy this stock in decline and trade.

 

2)Union Bank(146. 55)Buy this stock in decline and trade.

 

Trend of Major Stocks

 

 

 

 

 

            STOCK                        TREND          NO. OF Days   Weekly          Monthly

 

                                                                                                  Trend             Trend

 

           ICICIBANK. NS         Bulllish  7          Rising  Rising  

 

            INFOSYSTC. NS        Bearish 2          Rising               Falling 

 

            ITC. NS                        Bulllish  1          Rising  Rising  

 

            MARUTI. NS               Neutral             1          Rising  Falling 

 

            SATYAMCOM. NS    Bearish 2          Rising               Falling 

 

            SBIN. NS                     Bulllish  7          Rising               Rising  

 

            TATASTEEL. NS         Neutral             1          Rising  Rising  

 

            TCS. NS                       Bearish 2          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         

 

 

 

 

 

 

 

 

 

ICICIBANK. NS                411           45. 84   56. 27   17. 01              

 

INFOSYSTC. NS        1104. 85           41. 5     37. 92   22. 94              

 

ITC. NS                           172. 4            44. 36   53. 74   13. 7                

 

MARUTI. NS                507. 05            51. 94   43. 57   29. 46              

 

SATYAMCOM. NS    220. 55             33. 32   37. 41   32. 44              

 

SBIN. NS                    1216. 85            40. 28   53. 4     20. 31              

 

TATASTEEL. NS         218. 85              56. 37  56. 84   28. 44              

 

TCS. NS                         481. 3              55. 24  40. 94   14. 21              

 

 

Website narendranainani. blogspot. com.

 

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