Weekly News Letter (Dated 25 - 29 June 2012). Visit: http://www.ibnservice.com/ OR http://nse-bse.blogspot.com/ OR http://mcx-ncdex.blogspot.com/

Weekly News Letter

Date: 25 — 29 June 2012

Phone: (91) 9899909899; 9968443444; 9311353399

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Support & Resistances

NIFTY:

Last Close: 5146.05 (Up 7.00)

Resistance Levels: 5130, 5250, 5330, 5450, 5630

Support Levels: 4910, 4800, 4650, 4550, 4400

SENSEX:

Last Close:  16972.51 (Up 22.68)

Resistance Levels: 17100, 17400,  17700, 18000, 18500

Support Levels: 16150, 15800, 15300, 15000 , 14500

Sensex Range This Week: 16300 - 17300 above which it will touch 18000 & Below Target 15800; Good Support closing below 15800.

 

Market Commentary:

Traders should remain cautious on rise this week & avoid aggressive buying. Nifty will find hurdle at 5200—5250 & support at 5000 this week, any side break will show sharp movements. We expect selling pressure in coming days but Nifty should close below 5000 to show selling. Hot sectors this week: Infra & Oil-Gas.

 

Last week’s profits & Hot in street

Hot picks for this week:

3iINFOTECH, APOLLOTYRE, CANBK, EDUCOMP, GODREJ, BOSCH, GMDC, TATASTEEL, AMBUJACEM, HINDPETRO  etc.

Last week’s profits:        PIRHEALTH - 0%

                                                ONGC - 4%

                                                BPCL - Fut. Rs. 13500.00

                                                NCC - Fut. Rs. 6000.00

                                                LT - (Option) Rs. 2000.00

 

Trading picks for this week:

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3	SL	COMMENTS
Hot for this week
PIRHEALTH (520.00)	Must Sell Fut. 520—530	500	490—480	540	Profit booking can be seen, must sell on rise.
ONGC (280.05)	Sell  Fut. At 281—286	268	263—258	290	Low risk scrip for this week, trade with hedge.
Derivative- Future (Strategy for this week)
BPCL (765.90)	Must  Sell At 770—790	735	720—705	Abv 800	Max Profits: Unlimited	All Oil marketing stock are looking weak 4 fall.
BPCL CE 760 (13.10)	Buy when you sell Fut.	Hedging Position
					Max Loss: Rs 2500
NCC (40.70)	Sell At 41.50—43	39	38—37	Abv 44	Max Profits: Unlimited	Looking overbought on daily chart, Tgt 35.
NCC CE 40 (2.00)	Buy when you sell Fut.	Hedging Position
					Max Loss: Rs. 4000
Derivative- Option Strategy
LT  PE 1350 (15.05)	Must Buy At 15—10	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	Trade & hold for 3--5 days for good profits.
LT  CE 1400 (9.65)	Buy 1 Lot with CE 1350
					Max Loss: Rs. 5000

 

Last week’s performance:

Weekly News Letter (Dated 25^th  – 29^th June 2012) Performance Report: Maximum Profit / Loss: Rs. 32500.00

SCRIPT	TRADE PRICE	TGT	PROFIT / LOSS	UNIT	NET PROFIT/ LOSS (Rs.)
PIRHEALTH	Must Sell At  525	525	0	500	Profit Rs. 0.00
ONGC	Sell C/Fut. At 281	270	11	1000	Profit Rs. 11000.0(Super Call)
BPCL (Fut./Opt)	Must Sell 770 / 3	741 / 1	29 – 2 = 27	500	Profit Rs. 13500.0(Super Call)
NCC (Fut./Opt)	Sell At 41.5 / 1	40 / 1	1.50 + 0 = 1.50	4000	Profit Rs. 6000.00
LT (Opt Strategy)	Buy At 10 / 5	20 / 3	10 – 2 = 8	250	Profit Rs. 2000.00

 

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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