Bullet Advice For Indian Stocks Weekly- result season ahead will decide the trend
BSE Sensex (13504.2) and Nifty (4003.90)  closed 9.4% and 9.5 % down respectively
last week.Nifty OI put call ratio was 0.83.Nifty Future July was quoting  at 10.20 points discount.Nifty Call Option July 4200 was very active.Support for Sensex is at 12350 and  Nifty  at 3650.Resistance for Sensex is at 14595 and Nifty is at 4330.Crude oil was at 59.66 $.
Union Budget  presented on 6th July 2009 by Finance Minister Pranab Mukharjee without any major announcement of liberalization policy disappointed the market players.Higher than expected fiscal deficit and fears of country’s rating downgrade to “junk” by Standard and Poor’s made investors nervous.
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RIL and  ICICI Bank added Open Interest in July  series..JPHYDRO and TTML shaded Open Interest.Huge position was build up at Infosys July Call Option Strike Price 1740.Good build up was also seen at Suzlon July Call Option Strike Price 90.
Tactics for Future Option players.
1)ITC(210.60) Lot Size-1125 Shares
Premium .Paid=4.15*1125= 4668.75 Rs.
Premium Received=.2.05*1125=2306.25 Rs.
Net Premium Paid=4668.75-2306.25= 2362.50 Rs.
Maximum Profit=220-210=10*1125=11250-2362.50=8887.50 Rs.
Break Even Price=212.10
2)TCS(393.15) July Future-Lot Size 1000 shares.
Buy One Lot July Future @393.15
Sell One Call Option of  July Strike Price 420@8.20 Rs.
Premium Received=8.20*1000=8200.00 Rs
Maximum Profit=420-393.15=26.85*1000=26850+8200=35050.00 Rs.
Max Loss=Unlimited.
Trend of Major Stocks
STOCK TREND Days  WeeklyTrend  MonthlyTrend
BHEL.NS                     Bearish            5          Falling  Falling ICICIBANK.NS         Bearish            5          Falling  Falling INFOSYSTC.NS        Bulllish  1          Falling  Rising ITC.NS                        Bulllish  6          Rising   Rising MARUTI.NS               Bulllish  4          Falling  Falling SBIN.NS                     Bearish 5          Falling  Rising TATASTEEL.NS         Neutral             1          Falling  Rising TCS.NS                       Bulllish  2          Falling  Falling
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        1985.95           26.42   40.61   24.27 ICICIBANK.NS         628.85 35.51   44.59   18.29 INFOSYSTC.NS        1721.15           46.6     48.82   68.08 ITC.NS            210.6   61.62   61.59   23.25 MARUTI.NS   1103.6 50.74   60.96   15.35 SBIN.NS         1543.65           45.74   46.3     25.84 TATASTEEL.NS         352.9   39.21   39.21   17.91 TCS.NS           395.15 48.64   34.37   43.73
Trading Idea
1)Dabur(131.20)Buy this stock in decline and trade.
2)Maruti(1103.60) Buy this stock in decline and trade.
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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.Most preferred paid subscription stocktips calls website of India.Excellent success ratio of more than 90% with superb trading ideas.
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