Weekly News Letter (Dated 23 - 27 April 2012). Visit: http://www.ibnservice.com/ OR http://nse-bse.blogspot.com/ OR http://mcx-ncdex.blogspot.com/

Weekly News Letter

Date: 23 — 27 April 2012

Phone: (91) 9899909899; 9968443444; 9311353399

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Support & Resistances

NIFTY:

Last Close: 5290.85 (Up 83.40)

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

Support Levels: 5150, 5050, 4950, 4800, 4650

SENSEX:

Last Close:  17373.84 (Up 279.33)

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

Support Levels: 16850, 16500, 16100, 15500, 15100

Sensex Range This Week: 16300 - 17500 above which it will touch 18000 & Below Target 15800; Resistance above 17500 closing.

 

Market Commentary:

We again warn you to be cautious at every rise. Nifty expiry can be around 5150—5100 and a tough resistance will be around 5400 for bulls to have upper hand. Market will show high volatility in this week and every rise will be a good selling opportunity. We foresee bad days ahead. Hot sectors for this week: Bank & IT.

 

Last week’s profits & Hot in street

Last week’s profits:        BATAINDIA 7.5%

                                                APOLLOTYRE 5%

                                                IOC - Fut. Rs. 3500.00

                                                SBIN - Fut. Rs. 21875.00

                                                IDEA - (Option) Rs. 15000.00

Hot picks for this week:

EDUCOMP, BPCL, ABAN, CNXIT, IDEA, SBIN, RPOWER, APIL, BAJAJ-AUTO, FORTIS, HDFCBANK, JSWSTEEL, SOBHA,   etc.

Trading picks for this week:

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3	SL	COMMENTS
Hot for this week
BATAINDIA (844.55)	Must Sell At 850—870	810	790—770	880	Profit booking will be seen, one can sell on rise.
APOLLOTYRE (91.75)	Sell At  92—95	88	86—84	97	High risk traders can sell at rise for good gain.
Derivative- Future (Strategy for this week)
IOC (264.55)	Must Buy At 262—255	277	292—297+	Bel 250	Max Profits: Unlimited	Keep an eye on all Oil stocks for good rise.
IOC PE 260 (2.55)	Buy when you buy Fut.	Hedging Position
					Max Loss: Rs 5000
SBIN (2263.05)	Sell At  2275—2325	2150	2100—2050	Abv 2360	Max Profits: Unlimited	Banking stocks will show selling pressure.
SBIN CE 2300 (23.00)	Buy when you sell Fut.	Hedging Position
					Max Loss: Rs. 4375
Derivative- Option Strategy
IDEA CE 90 (1.00)	Must Buy At 0.80—0.5	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	Trade & hold for 3--4 days for good profits.
IDEA PE 85 (0.80)	Sell 2 Lots with CE 90
					Max Loss: Rs. 8000

 

Last week’s performance:

Weekly News Letter (Dated 23^rd – 27^th April 2012) Performance Report: Maximum Profit / Loss: Rs. 90375.00

SCRIPT	TRADE PRICE	TGT	PROFIT / LOSS	UNIT	NET PROFIT/ LOSS (Rs.)
BATAINDIA	Must Sell At  865	801	64	500	Profit Rs. 32000.0(Super Call)
APOLLOTYRE	Sell C/Fut. At 92.5	88	4.50	4000	Profit Rs. 18000.0(Super Call)
IOC (Fut./Opt)	Must Buy 258 / 1.0	258/ 4.5	0 + 3.50 = 3.50	1000	Profit Rs. 3500.00
SBIN (Fut./Opt)	Sell At 2280 / 5.10	2100/0.1	180 – 5 = 175	125	Profit Rs. 21875.0(Super Call)
IDEA (Opt Strategy)	Buy-Sell 0.3 / 3.50	0.05/1.5	-0.25 + (2 * 2) = 3.75	4000	Profit Rs. 15000.0(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