Weekly News Letter (Dated 19 - 23 March 2012). Visit: http://www.ibnservice.com/ OR http://nse-bse.blogspot.com/ OR http://mcx-ncdex.blogspot.com/

Weekly News Letter

Date: 19 — 23 March 2012

Phone: (91) 9899909899; 9968443444; 9311353399

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Support & Resistance

NIFTY:

Last Close: 5317.90 (Down 15.65)

Resistance Levels: 5450, 5540, 5650, 5800, 5900

Support Levels: 5250, 5150, 5050, 4950, 4800

 

SENSEX:

Last Close:  17466.20 (Down 37.04)

Resistance Levels: 18000, 18300, 18650, 19100, 19500

Support Levels: 17200, 16850, 16500, 16100, 15500

 

Sensex Range This Week: 16800 - 18000 above which it will touch 18500 & Below Target 16100; Resistance above 18000 closing.

 

Market Commentary:

We had alerted last week for this fall from budget day & we can see further slide for next 2—3 days until dust settles. Nifty will find bottom around 5200—5150 & any close below this will open for 5000 & below. Traders should be stock specific.

Hot sectors for this week: Infra & Bank.

 

Btst/Stbt, Hot in street & Results today

Last week’s profits:    RENUKA -3%

                                    SESAGOA 5%

                                    AXISBANK - Fut. Rs. 21250.00

                                    TATASTEEL - Fut. Rs. 9000.00

                                    M&M - (Option) Rs. 7000.00

Hot picks for this week:

RELIANCE, BHEL, BHARTIARTL, HEXAWARE, EDUCOMP, BPCL, AXISBANK, ICICIBANK, IDFC, IDEA, TATAMOTORS, VIPIND etc.

 

Trading picks for this week:

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3	SL	COMMENTS
Hot for this week
RENUKA (36.50)	Must Buy At 36—35	38	39—40+	34	One should closely watch all sugar stocks this wk
SESAGOA (198.55)	Sell At  200—205	190	185—180	210	Free fall can be seen this week, trade with SL.
Derivative- Future (Strategy for this week)
AXISBANK (1214.25)	Must Sell At 1225-1250	1170	1150—1130	Abv 1270	Max Profits: Unlimited	Further slide can be seen, trade with trend.
AXISB CE 1250 (22.65)	Buy when you sell Fut.	Hedging Position
					Max Loss: Rs 5000
TATASTEEL  (452.00)	Sell At  455—465	435	425—415	Abv 475	Max Profits: Unlimited	All steel stocks can show sharp slides.
TATASTL CE460 (11.10)	Buy when you sell Fut.	Hedging Position
					Max Loss: Rs. 5000
Derivative- Option Strategy
M&M CE 700 (13.30)	Must Buy At 13—8	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	Trade & hold for 3--5 days for good profits.
M&M CE 740 (5.00)	Sell 2 Lots with CE 700
					Max Loss: Rs. 5000

 

Last week’s performance:

Weekly News Letter (Dated 19^th – 23^rd March 2012) Performance Report: Maximum Profit / Loss: Rs. 43250.00

SCRIPT	TRADE PRICE	TGT	PROFIT / LOSS	UNIT	NET PROFIT/ LOSS (Rs.)
RENUKA	Must Buy At 35	34	-1	4000	Loss Rs. 4000.00
SESAGOA	Sell C/Fut. At 205	195	10	1000	Profit Rs. 10000.00
AXISBNK (Fut./Opt)	Must Sell 1250 / 15	1160/ 10	90 - 5 = 85	250	Profit Rs. 21250.0(Super Call)
TATASTL (Fut./Opt)	Sell At 463 / 8	445 / 8	18 – 0 = 18	500	Profit Rs. 9000.00
M&M (Opt Strategy)	Buy-Sell 14 / 5.50	18 / 1.50	8 + ( 2 * 3 ) = 14	500	Profit Rs. 7000.00

 

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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