Weekly News Letter (Dated 14 - 18 May 2012). Visit: http://www.ibnservice.com/ OR http://nse-bse.blogspot.com/ OR http://mcx-ncdex.blogspot.com/

Weekly News Letter

Date: 14 — 18 May 2012

Phone: (91) 9899909899; 9968443444; 9311353399

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Support & Resistances

NIFTY:

Last Close: 4928.90 (Down 157.95)

Resistance Levels: 5050, 5130, 5250, 5330, 5450

Support Levels: 4900, 4800, 4650, 4550, 4400

SENSEX:

Last Close:  16292.98 (Down 538.10)

Resistance Levels: 16750, 17100, 17400,  17700, 18000

Support Levels: 16100, 15800, 15300, 15000 , 14500

 

Sensex Range This Week: 15800 - 16700 above which it will touch 17300 & Below Target 15300; Good Resistance closing above 17100.

 

Market Commentary:

Market should find bottom around 4840—4800 this week & a reversal toward 5130—5200 can be seen. Traders should start buying in next 2—3 days at dips for good bounce in coming days. Nifty closing below 4750 can create further panic toward 4500 & below. Trade with stoploss.

Hot sectors this week: Bank & Telecom

 

Last week’s profits & Hot in street

Last week’s profits:        ABAN 6%

                                                ESCORTS 0%

                                                BANKBARODA - Fut. Rs. 7500.00

                                                BOSCHLTD - Fut. Rs. 33750.00

                                                RELIANCE - (Option) Rs. 3000.00

Hot picks for this week:

GUJFLORO, JPASSOCIAT, PNB, RCOM, UNITECH, TATAMTRDVR, BAJAJ-AUTO, ESCORTS, HDIL, IFCI, CHAMBLFERT, ABAN, BOSCH, CESC, IDEA, TATACHEM, PIRHEALTH, RUCHISOYA etc.

 

Trading picks for this week:

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3	SL	COMMENTS
Hot for this week
ABAN (354.75)	Must Buy At 350—342	370	380—390	335	One should closely watch, can take turn any day
ESCORTS (67.40)	Buy At 67—65	70	72—74+	63.50	Good stock for short to medium term traders.
Derivative- Future (Strategy for this week)
BANKBARODA (654.0)	Must Buy At 648—635	680	695—710	Bel 615	Max Profits: Unlimited	Mid-cap banking stock should be bought at dip
BANKB PE 620 (12.20)	Buy when you buy Fut.	Hedging Position
					Max Loss: Rs 5000
BOSCHLTD (9089.90)	Sell At  9090—9240	8700	8550-8400	Abv 9300	Max Profits: Unlimited	Stock can slide any time, go short on rise.
………….. (…………)	…………………..	Hedging Position
					Max Loss: Rs. 7500
Derivative- Option Strategy
RIL CE 700 (13.40)	Must Buy At 12—8	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	Trade & hold for 5--7 days for good profits.
RIL PE 660 (5.80)	Sell 2 Lots with CE 700
					Max Loss: Rs. 6000

 

Last week’s performance:

Weekly News Letter (Dated 14^th – 18^th May 2012) Performance Report: Maximum Profit / Loss: Rs. 54250.00

SCRIPT	TRADE PRICE	TGT	PROFIT / LOSS	UNIT	NET PROFIT/ LOSS (Rs.)
ABAN	Must Buy At  345	365	20	500	Profit Rs. 10000.00
ESCORTS	Buy C/Fut. At 65	65	0	4000	Profit Rs. 0.00
BANKBAR (Fut./Opt)	Must Buy 635 / 8.0	665/ 8	30 – 0 = 30	250	Profit Rs. 7500.00
BOSCHLTD (Fut./Opt)	Sell At 9090	8820	270	125	Profit Rs. 33750.0(Super Call)
RIL (Opt Strategy)	Buy-Sell 8 / 11	8 / 5	0 + ( 2 * 6 ) = 12	250	Profit Rs. 3000.00

 

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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