Weekly News Letter (Dated 4 - 8 June 2012). Visit: http://www.ibnservice.com/ OR http://nse-bse.blogspot.com/ OR http://mcx-ncdex.blogspot.com/

Weekly News Letter

Date: 4 — 8 June 2012

Phone: (91) 9899909899; 9968443444; 9311353399

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Support & Resistances

NIFTY:

Last Close: 4841.60 (Down 78.80)

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

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

SENSEX:

Last Close:  15965.16 (Down 252.66)

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:

Market will show another round of panic in 1^st half of the week. Nifty will find support around 4800—4700 and any close below these can create further bloodbath. Trader should buy at every dip with hedging as we are almost near to bottom & anytime sharp rise can be expected. Hot sectors this week: Oil-Gas & Bank.

 

Last week’s profits & Hot in street

Hot picks for this week:

IGL, GAIL, MCDOWELL, EDUCOMP, CENTURYTEX, CAIRN, HCLTECH, INDIAINFO, KOTAKBANK, TCS, ZEEL, BATAINDIA etc.

Last week’s profits:        DENABANK -1.5%

                                                GAIL 4.5%

                                                AMBUJACEM - Fut. Rs. 4000.00

                                                ASIANPAINT - Fut. Rs. 15000.00

                                                SBIN - (Option) Rs. -11250.00

Trading picks for this week:

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3	SL	COMMENTS
Hot for this week
DENABANK (88.10)	Must Sell At Opening	84	82—80	90	Sharp selling can be seen, keep tight stop loss.
GAIL (331.00)	Buy At 328—320	345	355—365	310	One can buy at dip 4 good upside in coming days
Derivative- Future (Strategy for this week)
AMBUJACEM (146.35)	Must  Sell At Opening	139	135—131	Abv 152	Max Profits: Unlimited	Profit booking can be seen, trade with hedge.
AMBUJA CE 150 (3.55)	Buy when you sell Fut.	Hedging Position
					Max Loss: Rs 4000
ASIANPAINTS (3772.0)	Sell At 3800—3900	3600	3500—3400	Abv 4000	Max Profits: Unlimited	Low risk pick for this week, keep hedging.
ASIAN CE 3900 (55.00)	Buy when you sell Fut.	Hedging Position
					Max Loss: Rs. 4000
Derivative- Option Strategy
SBIN  PE 2000 (74.35)	Must Buy At Opening	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	Trade & hold for 2--4 days for good profits.
SBIN  CE 2200 (23.75)	Sell 2 Lots with PE2000
					Max Loss: Rs. 10000

 

Last week’s performance:

Weekly News Letter (Dated 4^th  – 8^th June 2012) Performance Report: Maximum Profit / Loss: Rs. 10750.00

SCRIPT	TRADE PRICE	TGT	PROFIT / LOSS	UNIT	NET PROFIT/ LOSS (Rs.)
DENABANK	Must Sell At  89	90	-1	4000	Loss Rs. -4000.00
GAIL	Buy C/Fut. At 320	334	14	500	Profit Rs. 7000.00
AMBUJAC (Fut./Opt)	Must Sell 150 / 3.0	150 / 5.0	0 + 2 = 2	2000	Profit Rs. 4000.00
ASIANPAIN (Fut./Opt)	Sell At 3750 / 30	3680/ 80	70 + 50 = 120	125	Profit Rs. 15000.0(Super Call)
SBIN (Option Strategy)	Buy-Sell 60 / 30	30 / 60	-30 + ( 2*-30) = -90	125	Loss Rs. -11250.00

 

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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