Weekly News Letter (Dated 7 - 11 May 2012). Visit: http://www.ibnservice.com/ OR http://nse-bse.blogspot.com/ OR http://mcx-ncdex.blogspot.com/

Weekly News Letter

Date: 7 — 11 May 2012

Phone: (91) 9899909899; 9968443444; 9311353399

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Support & Resistances

NIFTY:

Last Close: 5086.85 (Down 122.15)

Resistance Levels: 5250, 5330, 5450, 5540, 5650

Support Levels: 5050, 4950, 4800, 4650, 4550

SENSEX:

Last Close:  16831.08 (Down 356.26)

Resistance Levels: 17400,  17700, 18000, 18300, 18650

Support Levels: 16650, 16300, 15800, 15300, 15000

 

Sensex Range This Week: 16300 - 17400 above which it will touch 17750 & Below Target 15800; Good Support closing below 16300.

 

Market Commentary:

Market can show further panic is 1^st half of the week but we expect a reversal from this week onward for next 1—2 weeks. Nifty has good supports at 5050 & 4910 below which it can open toward 4800. Traders should keep hedge with options which will be safe for short term gain.

Hot sectors for this week: Bank & Metal.

 

Last week’s profits & Hot in street

Last week’s profits:        HINDUNILVR 2.5%

                                                TITAN 3.5%

                                                DIVISLAB - Fut. Rs. 33000.00

                                                INFY - Fut. Rs. 17500.00

                                                TCS - (Option) Rs. 13500.00

Hot picks for this week:

BHEL, CHAMBLFERT, GSPL, IRB, PATELENG, PETRONET, ARVIND, ASIANPAINT, BATAINDIA, COREEDUTEC, BHUSANSTL, HEXAWARE, JUBLFOOD, MCDOWELL  MPHASIS, OPTOCIR, PATNI, RAYMOND etc.

 

Trading picks for this week:

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3	SL	COMMENTS
Hot for this week
HINDUNILVR (434.90)	Must Sell At 436—445	415	407—400	450	Stock is overbought on chart, expected decline.
TITAN (240.60)	Sell At 242—248	230	225—220	252	Trade with the trend, overbought on daily chart.
Derivative- Future (Strategy for this week)
DIVISLAB (870.10)	Must Sell At 875—890	840	820—800	Abv 900	Max Profits: Unlimited	Low risk scrip for short term traders.
DIVIS CE 900 (15.00)	Buy when you sell Fut.	Hedging Position
					Max Loss: Rs 5000
INFY (2428.05)	Sell At  2440—2490	2330	2280—2230	Abv 2530	Max Profits: Unlimited	Profit booking will continue this week.
INFY CE 2500 (35.00)	Buy when you sell Fut.	Hedging Position
					Max Loss: Rs. 5000
Derivative- Option Strategy
TCS PE 1250 (23.15)	Must Buy At 22—16	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	Trade & hold for 5--7 days for good profits.
TCS CE 1350 (11.55)	Sell 2 Lots with CE 120
					Max Loss: Rs. 6000

 

Last week’s performance:

Weekly News Letter (Dated 7^th – 11^th May 2012) Performance Report: Maximum Profit / Loss: Rs. 82000.00

SCRIPT	TRADE PRICE	TGT	PROFIT / LOSS	UNIT	NET PROFIT/ LOSS (Rs.)
HINDUNILVR	Must Sell At  436	426	10	1000	Profit Rs. 10000.00
TITAN	Sell C/Fut. At 248	240	8	1000	Profit Rs. 8000.00
DIVISLAB (Fut./Opt)	Must Sell 889 / 9.0	820/ 6	69 – 3 = 66	500	Profit Rs. 33000.0(Super Call)
INFY(Fut./Opt)	Sell At 2430 / 20	2280/ 10	150 – 10 =  140	125	Profit Rs. 17500.0(Super Call)
TCS (Opt Strategy)	Buy-Sell 25 / 10	65 / 3	40 + ( 2 * 7 ) = 54	250	Profit Rs. 13500.0(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