BSE Sensex (10357.47) and Nifty (3211.05) closed 3.0% and 3.3% up respectively last week. Nifty Put Call Ratio was 1.67. Nifty April 3200 Call Option was very active. .Support for Sensex is at 9780 and Nifty at 3040. Resistance for Sensex is at 11000 and Nifty is at 3400. Inflation was at 0.31 v/S 0.27 last week. Crude oil was at 51.00$.

Market rose ahead of G-20 meet on anticipation that majors economies will resolve the global financial crisis. Indian Stock Market will remain closed on Third, Seventh and Tenth April, 2009 because of festive holidays. RNRL and MRPL added Open Interest in April Series.

ChambalFertilizers and HDIL shaded Open Interest. Huge position was build up at SAIL April Call Option Strike Price
105. Good build up was also seen at SUZLON April Call Option Strike Price 55. .

Tactics for Future Option players.

1)IFCI(21.05) Lot Size-15760 Shares

Buy One Call Option of April Strike Price 20@2.25 Rs.

Sell One Call Option of April Strike Price 25@0.70 Rs.

Premium .Paid=2.25*15760=35460.00 Rs.

Premium Received=.0.70*15760=11032.00 Rs.

Net Premium Paid=35460.00-11032.00=24428.00 Rs.

Maximum Profit=25-20=5*15760=78800-24428.00=54372.00 Rs.

Maximum Loss=24428.00 Rs.

Break-even= 21.55Rs.

2)SUZLON(50.75) April Future-Lot Size 6000 shares.

Buy One Lot April Future @50.75 Rs.

Sell One Call Option of April Strike Price 55@2.85 Rs.

Premium Received=2.85*6000=17100.00 Rs.

Max Profit==55-50.75=4.25*6000=25500.00+17100.00=42600.00 Rs.

Max Loss=Unlimited.

Trading Idea

1)DLF(202.55)Buy this Stock in decline and trade.

2)JPHYDRO(30.65)Buy this Stock in decline and trade

Trend of Major Stocks

STOCK TREND Days WeeklyTrend MonthlyTrend

BHEL. NS Bulllish 1 Rising Rising

ICICIBANK. NS Neutral 2 Rising Rising

INFOSYSTC. NS Bulllish 2 Rising Rising

ITC. NS Neutral 2 Rising Rising

MARUTI. NS Neutral 1 Rising Rising

SAIL. NS Bulllish 1 Rising Rising

SBIN. NS Bulllish 1 Rising Rising

TATASTEEL. NS Bulllish 1 Rising Rising

TCS. NS Bulllish 1 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

BHEL. NS 1535.95 62.29 57.21 20.27

ICICIBANK. NS 360.7 59.92 53.97 19.35

INFOSYSTC. NS 1419.4 73.34 67.26 22.03

ITC. NS 185.3 57.43 60.36 22.85

MARUTI. NS 794.55 71.34 73.33 49.98

SAIL. NS 107.3 68.41 67.85 32.71

SBIN. NS 1147.05 48.29 62.02 24.66

TATASTEEL. NS 225.1 73.98 65.3 29.67

TCS. NS 578.75 78.7 64.36 24.9

Stock Market Analysis by Narendra Nainani. Mr. Narendra offers stock market advice and trading calls with more than 90% success ratio.