Weekly News Letter (Dated 2 - 6 April 2012). Visit: http://www.ibnservice.com/ OR http://nse-bse.blogspot.com/ OR http://mcx-ncdex.blogspot.com/

Weekly News Letter

Date: 2 — 6 April 2012

 

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Support & Resistance

NIFTY:

Last Close: 5295.55 (Up 17.35)

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

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

SENSEX:

Last Close:  17404.20 (Up 42.46)

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:

Nifty can extend its gain toward 5400—5450 levels this week but the rally can be short lived. Traders should be stock specific & keep hedging for next two months. Bull run will continue only close above 5630 levels for 2 consecutive days.

Hot sectors for this week: Infra & Sugar.

 

Last week’s profits & Hot in street

Last week’s profits:        RENUKA 3%

                                                HDIL 5%

                                                CHAMBLFERT - Fut. Rs. 12000.00

                                                BHEL - Fut. Rs. 16000.00

                                                RCOM - (Option) Rs. 26000.00

Hot picks for this week:

UNIPHOS, HINDALCO, RELIANCE, DLF, ONGC, JSWSTEEL, HINDPETRO, RANBAXY, JUBLFOOD, INFY, CENTURYTEX etc.

 

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3	SL	COMMENTS
Hot for this week
RENUKA (31.60)	Must Buy At 31—30	33	34—35+	29	Worst is over for sugar stocks for time being.
HDIL (85.45)	Buy At  85—82	89	92—95+	80	Stock is oversold on daily chart, expect a bounce
Derivative- Future (Strategy for this week)
CHAMBLFERT (77.90)	Must Buy At 77—75	81	83—85+	Bel 73	Max Profits: Unlimited	Anytime a big blast can be seen, must buy now.
CHAMBL PE 75 (2.40)	Buy when you buy Fut.	Hedging Position
					Max Loss: Rs 4000
BHEL (258.35)	Buy At  256—250	270	275—280+	Bel 245	Max Profits: Unlimited	Stock is looking oversold for a bounce.
BHEL PE 250 (9.00)	Buy when you buy Fut.	Hedging Position
					Max Loss: Rs. 5000
Derivative- Option Strategy
RCOM CE 85 (4.75)	Must Buy At 4.5—3	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	Trade & hold for 4--6 days for good profits.
RCOM PE 80 (2.45)	Sell 2 Lots with CE 85
					Max Loss: Rs. 10000

 

Last week’s performance:

Weekly News Letter (Dated 2^nd – 6^th March 2012) Performance Report: Maximum Profit / Loss: Rs. 66000.00

SCRIPT	TRADE PRICE	TGT	PROFIT / LOSS	UNIT	NET PROFIT/ LOSS (Rs.)
RENUKA	Must Buy At 31	32	1	4000	Profit Rs. 4000.00
HDIL	Buy C/Fut. At 85	89	4	2000	Profit Rs. 8000.00
CHAMBLF (Fut./Opt)	Must Buy 77 / 1.25	83.5/0.7	6.50 – 0.5 = 6	2000	Profit Rs. 12000.00
BHEL (Fut./Opt)	Buy At 256 / 5	272 / 5	16 – 0 = 16	1000	Profit Rs. 16000.00
RCOM (Opt Strategy)	Buy-Sell 2.0 / 2.70	5.5 / 1.2	3.5+ (2*1.5) = 6.50	4000	Profit Rs. 26000.0(Super Call)

 

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