Weekly News Letter (Dated 28 May - 1 June 2012). Visit: http://www.ibnservice.com/ OR http://nse-bse.blogspot.com/ OR http://mcx-ncdex.blogspot.com/

Weekly News Letter

Date: 28 May — 1 June 2012

Phone: (91) 9899909899; 9968443444; 9311353399

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Support & Resistances

NIFTY:

Last Close: 4920.40 (Up 28.95)

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

Support Levels: 4800, 4650, 4550, 4400, 4300, 4200

SENSEX:

Last Close:  16217.82 (Up 65.07)

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

Support Levels: 15800, 15300, 15000 , 14500, 14000

Sensex Range This Week: 15800 - 16700 above which it will touch 17300 & Below Target 15300; Good Resistance closing above 16500.

 

Market Commentary:

Nifty will show high volatility this week due to F&O expiry. Nifty has good support at 4800 & resistance at 4980. We remain bullish for next few days & expect rise toward 5100—5200. Trader should trade with tight stop loss or keep hedge by buying options.

Hot sectors this week: R-Group & Infra.

 

Last week’s profits & Hot in street

Last week’s profits:    EDUCOMP 5%

                                    MTNL 9%

                                    RELIANCE - Fut. Rs. 6000.00

                                    HDFCBANK - Fut. Rs. 0.00

                                    IFCI - (Option) Rs. -800.00

 

Hot picks for this week:

PATELENG, PRAJIND, RCOM, BAJAJHIND, BANKINDIA, LICHSGFIN, VOLTAS, GSPL, HINDALCO, BHEL, INDIACEM, BHUSANSTL, IDFC etc.

 

Trading picks for this week:

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3	SL	COMMENTS
Hot for this week
EDUCOMP (145.85)	Must Buy At 144—140	152	155—158+	137	Time to go long for Tgt 180—190 in coming days
MTNL (22.80)	Buy At 22.60—21.80	23.80	24.50—25+	21.40	Something cooking, worst is over for time being.
Derivative- Future (Strategy for this week)
RELIANCE (684.50)	Must Buy At 680—665	710	725—740+	Bel 650	Max Profits: Unlimited	Any big news can show fireworks in this stock.
RIL PE 680 (7.00)	Buy when you buy Fut.	Hedging Position
					Max Loss: Rs 3750
HDFCBANK (502.85)	Buy At 500—488	525	535—550+	Bel 480	Max Profits: Unlimited	Low risk pick for this week, keep hedging.
HDFCB PE 500 (6.05)	Buy when you buy Fut.	Hedging Position
					Max Loss: Rs. 4000
Derivative- Option Strategy
IFCI  CE 35 (0.75)	Must Buy At 0.60—0.30	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	Trade & hold for 3--4 days for good profits.
IFCI  CE 37.50 (0.20)	Sell 2 Lots with CE 35
					Max Loss: Rs. 6000

 

Last week’s performance:

Weekly News Letter (Dated 28^th May – 1^st June 2012) Performance Report: Maximum Profit / Loss: Rs. 27400

SCRIPT	TRADE PRICE	TGT	PROFIT / LOSS	UNIT	NET PROFIT/ LOSS (Rs.)
EDUCOMP	Must Buy At  144	151	7	1000	Profit Rs. 7000.00
MTNL	Buy C/Fut. At 21.90	23.80	1.90	8000	Profit Rs. 15200.0(Super Call)
RELIANCE (Fut./Opt)	Must Buy 690 / 7	720	30 - 6 = 24	250	Profit Rs. 6000.00
HDFCBNK (Fut./Opt)	Sell At 500 / 4.50	504 / 0.5	4 - 4 = 0	500	Profit Rs. 0.00
IFCI (Option Strategy)	Buy-Sell 0.4 / 0.15	0.1/ 0.05	-0.3 + ( 2*0.1) = -0.1	8000	Loss Rs. 800.00

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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