Weekly News Letter (Dated 12 - 16 March 2012). Visit: http://www.ibnservice.com/ OR http://nse-bse.blogspot.com/ OR http://mcx-ncdex.blogspot.com/

Weekly News Letter

Date: 12 — 16 March 2012

Phone: (91) 9899909899; 9968443444; 9311353399

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Support & Resistance

NIFTY:

Last Close: 5333.55 (Down 25.85)

Resistance Levels: 5650, 5800, 5900, 6050, 6200

Support Levels: 5320, 5200, 5050, 4950, 4800

SENSEX:

Last Close:  17503.24 (Down 119.04)

Resistance Levels: 18650, 19100, 19500, 20000, 20500

Support Levels: 17500, 17100, 16600, 16300, 15800

 

Sensex Range This Week: 17500 - 18500 above which it will touch 19100 & Below Target 17000; Support below 17500 closing.

 

Market Commentary:

Market will give a good rally till budget day & Nifty will find tough resistance at 5650. Any close above this level for two consecutive days will show further upside toward 5800+ levels. We will be cautious after budget and avoid any major buying.

Hot sectors for this week: Infra & Bank.

 

Btst/Stbt, Hot in street & Results today

Last week’s profits:   JPASSOCIATE 6%

                                    DLF 10%

                                    ANDHRABK - Fut. Rs. 12000.00

                                    STER - Fut. Rs. 20000.00

                                    BHARTI - (Option) Rs. 18000.00

Hot picks for this week:

LICHSGFIN, STER, SAIL, VIJAYABANK, IDFC, DLF, VOLTAS, GRASIM, BFUTILITY, JINDALSTEL etc.

 

Trading picks for this week:

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3	SL	COMMENTS
Hot for this week
DLF (203.75)	Must Buy At Opening	212	218—224+	190	Budget can give some good news for infra stocks.
SAIL  (94.85)	Buy At  94—91	100	103—107+	88	One should closely watch & trade with tight SL.
Derivative- Future (Strategy for this week)
HDFC (684.00)	Must Buy At 680—660	710	725—740	Bel 650	Max Profits: Unlimited	Stock is looking good on chart for up move.
HDFC PE 660 (5.95)	Buy when you buy Fut.	Hedging Position
					Max Loss: Rs 5000
PRAJIND (79.60)	Buy At  79—76.50	83	85—87+	Bel  75	Max Profits: Unlimited	Something cooking, watch closely this wk.
………………….. (……)	………………..	Hedging Position
					Max Loss: Rs. 6000
Derivative- Option Strategy
BHEL CE 290 (12.75)	Must Buy At 12—9	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	Trade & hold for 4--6 days for good profits.
BHEL CE 320 (4.85)	Sell 2 Lots with CE 290
					Max Loss: Rs. 10000

 

Last week’s performance:

Weekly News Letter (Dated 12^th – 16^th March 2012) Performance Report: Maximum Profit / Loss: Rs. 80000.00

SCRIPT	TRADE PRICE	TGT	PROFIT / LOSS	UNIT	NET PROFIT/ LOSS (Rs.)
DLF	Must Buy At 200	212	12	1000	Profit Rs. 12000.00
SAIL	Buy C/Fut. At 94	103	9	2000	Profit Rs. 18000.0(Super Call)
HDFC (Fut./Opt)	Must Buy 675 / 5	694 / 10	19 + 5 = 24	500	Profit Rs. 12000.00
PRAJIND (Fut./Opt)	Buy At 78	83	5	4000	Profit Rs. 20000.0(Super Call)
BHEL (Opt Strategy)	Buy-Sell 12 / 6	20 / 1	8 + ( 2 * 5 ) = 18	1000	Profit Rs. 18000.0(Super Call)

 

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India Stock {A unit of IBN Services, New Delhi} has taken due care and caution in compilation of data for its members. Information has been obtained by the company from sources which it considers reliable. We might not hold any positions in above stocks in Cash/ Derivatives. However, India Stock/ IBN Services does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information. India Stock/ IBN Services especially states that it has no financial liability whatsoever to any user on account of the use of information provided on its News Letters or websites or through any medium (like: messenger/ sms/ group websites etc). You are responsible for your own investment/ trading decisions. India Stock/ IBN Services will not be responsible for any errors or omissions in articles or postings, for hyperlinks embedded in messages, or for any results obtained from the use of such information. India Stock/ IBN Services will not be liable for any loss or damage caused by a reader's reliance on information obtained in our area, or in a hyperlinked area.  All disputes subject to Delhi jurisdiction only. No part of any material may be duplicated in any form and/or distributed without IBN Services prior written consent. By: IBN Services Write to: ibnservices@gmail.caom Visit: http://ibnservices.blogspot.com/ OR http://www.ibnservice.com/ Call: (91) 9899909899