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Bullet Advisory Analyses Indian Stock Mareket NSE BSE Shares

Bullet Advice For Indian Stocks Weekly –Foreign Funds drive the rally

BSE Sensex (16264.30) and Nifty (4829.55) closed  up by more than  3% each last week.Nifty Future September was quoting at 18.05 points premium.Nifty Call Option September 4900 was very active.Support for Sensex is at  15800 and Nifty at 4700.Resistance for Sensex is at 16800 and Nifty is at 5000.Crude oil was at 69.29 $.

Late recovery on the monsoon front and expected GDP growth of 8% in year 2010-2011 increased the commitments from FII’s.Easing liquidity also helped the Indices to climb new highs.

RIL and ICICI Bank added Open Interest in September series.Vijaya Bank and ONGC shaded Open Interest.Huge position was build up at ICICI Bank September Call Option Strike Price 840.Good build up was also seen at Hinadlco  September Call Option Strike Price 120..

1)RNRL(88.35) Lot Size-3576

Buy One Call Option of September Strike Price 85@ Rs.6.60

Sell One Call Option of September Strike Price 95@2.55 Rs.

Premium .Paid=6.60*3576=.23601.60 Rs.

Premium Received=2.55*3576=9118.80 Rs.

Net Premium Paid=23601.60-9118.80= 14482.80 Rs.

Maximum Profit==95-85=10*3576=35760-14482.80=21277.20 Rs.

Maximum Loss=14482.50 Rs.

Break Even Price=89.05

2)SBI(1933.80) September Future-Lot Size 132 shares.

Buy One Lot September Future @1933.80

Sell One Call Option of September Strike Price 1980@28.50 Rs.

Premium Received=28.50*132=3762.00 Rs

Maximum Profit=1980-1933.80=46.20*132==6098.40+3762.00=9860.40 Rs.

Max Loss=Unlimited.

Trend of Major Stocks

STOCK TREND Days WeeklyTrend MonthlyTrend

^BSESN          Neutral     1      Falling  Falling

^NSEI                         Neutral     1      Rising   Falling

  1. ABB.NS          Bearish    4       Falling  Falling
  2. BHEL.NS        Bulllish    4        Falling  Falling
  3. CAIRN.NS     Bearish     2      Rising   Rising
  4. IDBI.NS          Bearish     2      Falling  Falling
  5. IDEA.NS         Bearish     4      Falling  Falling
  6. LITL.NS         Neutral     1      Falling  Falling

Technical indicators of major Stocks

PV=Price Volume Break Out

MFI=Money Flow Index

RSI=Relative Strength Index

ADX=Directional Momentum Index

STOCK PV MFI-21 RSI-14 ADX-14

  1. ^BSESN          Loser   63.68   63.22   17.47
  2. ^NSEI Neutral -           64.18   17.11
  3. ABB.NS          Neutral 75.57   55.45   25.7
  4. BHEL.NS        Loser   62.69   52.27   10.91
  5. CAIRN.NS Neutral61.7          58.57   28.07
  6. IDBI.NS         Loser   64.32   52.59   18.12
  7. IDEA.NS         Loser   62.05   44.87   10.24
  8. LITL.NS          Loser   54.53   53.83   14.81

Trading Idea

1)Auro Pharma(702.75)Buy this stock in decline and trade.

2)GTL(398) 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

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

Narendra Nainani
AHMEDABAD, GUJARAT, India
Narendra Nainani is renowned technical analyst and stock market advisor of INDIA having experience of more than 26 years having excellent success ratio.Expert in Derivatives Products-Futures & Options,Intraday,Short Term ,Medium Term,Long Term,Portfolio Management,IPO & Mutual Fund Advisor.Covered regularly by E TV & Business Magazines like The Economic Revolution for Market views.
India’s top most no.1 best stockmarket advice blog hot stocktips calls by expert technical analyst of India.Most preferred paid subscription stocktips calls website India.Excellent success ratio of more than 90%.good superb trading ideas.M-9898162770
Website MostSuccessfulIntraDayStockFutureTipsProviderIndia.

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September 12th, 2009 | Category: Guide To Investing | Comments Off
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