Best Intra Day Share Tips Indian Share Market

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) December 20, 2009 -- BSE Sensex (16719.83) and Nifty (4987.70) closed down by 2.3% and 2.5% respectively last week.Nifty Future December was quoting at 0.90 points discont.Nifty Call Option December 5100 was very active.Support for Sensex is at 16310. Resistance for Sensex is at 17100 .Support for Nifty is at 4865 and resistance at 5100.Crude oil was at 73.30 $.
Caution at higher levels was visible.Fear of possible CRR hike by RBI prevented players from making new commitments.

Suzlon and ICICI Bank added Open Interest in December series.Huge position was build up at Suzlon December Call Option Strike Price 85.Good build up was also seen at Tata Steel December Call Option Strike Price 560..
Strategy for Futures Option players.

1)Cipla(356.55) Lot Size-1250 Shares
Buy One Call Option of December Strike Price 350@ Rs.11.00 Rs
Sell One Call Option of December Strike Price 360@6.95 Rs.
Premium .Paid=11*1250= 13750.00 Rs.
Premium Received=6.95*1250= 8687.50Rs.
Net Premium Paid==13750-8687.50=5062.50 Rs.
Maximum Profit==360-350==10*1250=12500-5062.50=7437.50 Rs.
Maximum Loss= 5062.50 Rs.
Break Even Price=354.05
2)Cairn(268.45) December Future-Lot Size 1250 shares.
Buy One Lot December Future @268.45

Sell One Call Option of December Strike Price 270@5.30 Rs.
Premium Received=5.3*1250= 6625.00 Rs
Maximum Profit=270-268.45=1.55*1250=1937.50+6625.00=8562.50 Rs.
Max Loss=Unlimited.


STOCK CLOSE MFI-21 RSI-14 ADX-14
BHEL.NS 2318.7 50.43 55.77 19.21
ICICIBANK.NS 809.35 34.18 36.27 16.63
INFOSYSTC.NS 2525.95 70.61 65.77 31.3
ITC.NS 247 24.07 40.03 19.24
MARUTI.NS 1548.8 51.47 47.3 12.34
SBIN.NS 2145.35 38.06 36.57 20.51
TATASTEEL.NS 563.25 46.5 55.2 12.23
TCS.NS 727.5 70.94 72.02 23.47

Trading Idea
1)Essar Oil(140.55)Buy this stock in decline and trade.
2)DCHL(158) Buy this stock in decline and trade

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