Weekly News Letter (Dated 16 - 20 July 2012). Visit: http://www.ibnservice.com/ OR http://nse-bse.blogspot.com/ OR http://mcx-ncdex.blogspot.com/

Weekly News Letter

Date: 16 — 20 July 2012

 

 

Support & Resistances

NIFTY:

Last Close: 5227.25 (Down 89.70)

Resistance Levels: 5330, 5450, 5630, 5750, 5900

Support Levels: 5050, 4910, 4800, 4650, 4550

SENSEX:

Last Close:  17213.70 (Down 307.42)

Resistance Levels: 17700, 18000, 18500, 19000, 19500

Support Levels: 16300, 15800, 15300, 15000 , 14500

Sensex Range This Week: 16800 - 17500 above which it will touch 18000 & Below Target 15300; Good Support closing below 16300.

 

Market Commentary:

One should remain seller on every rise as we see downside toward 5050—5000 in coming days. Nifty has good hurdle at 5400—5450. Most of the stocks look overbought on daily chart & need correction before rising further. Trade cautiously this week & keep hedging.

Hot sectors this week: Oil-Gas & Bank.

 

Last week’s profits & Hot in street

Hot picks for this week:

WIPRO, CAIRN, SINTEX, ORCHIDCHEM, BOMDYEING, FINANTECH, BPCL, JSWSTEEL, SBIN, M&M, BALRAMCHIN, ICICIBANK etc.

Last week’s profits:        CAIRN - 4%

                                                RCOM – -1.5%

                                                LT - Fut. Rs. 11250.00

                                                KTKBANK - Fut. Rs. 32000.00

                                                ICICIBANK - (Option) Rs. -1500.00

 

Trading picks for this week:

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3	SL	COMMENTS
Hot for this week
CAIRN (315.55)	Must Buy At 313—305	330	340—350+	300	One should buy on every dip for good upside.
RCOM  (68.35)	Buy At 68—66	71.50	73—75+	65	Stock looks attractive for long term, Tgt 90--100
Derivative- Future (Strategy for this week)
LT (1412.00)	Must  Sell 1420—1450	1350	1325—1300	Abv 1470	Max Profits: Unlimited	Trade with hedging for good gain till expiry.
LT CE 1450 (17.50)	Buy when you sell Fut.	Hedging Position
					Max Loss: Rs 5000
KTKBANK (103.80)	Sell At 105—108	99	97—95	Abv 110	Max Profits: Unlimited	Profit booking can be seen, sell on every rise.
KTKBK CE 110 (1.50)	Buy when you sell Fut.	Hedging Position
					Max Loss: Rs. 8000
Derivative- Option Strategy
ICICIBK PE 920 (14.25)	Must Buy At 12—6	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	Trade & hold for 5--7 days for good profits.
ICICIBK CE 980 (7.00)	Sell 2 Lots with PE 920
					Max Loss: Rs. 6000

 

Last week’s performance:

Weekly News Letter (Dated 16^th – 20^th July 2012) Performance Report: Maximum Profit / Loss: Rs. 50750.00

SCRIPT	TRADE PRICE	TGT	PROFIT / LOSS	UNIT	NET PROFIT/ LOSS (Rs.)
CAIRN	Must Buy At  313	326	13	1000	Profit Rs. 13000.0(Super Call)
RCOM	Buy C/Fut. At 66	65	-1	4000	Loss Rs. 4000.00
LT (Fut./Opt)	Must Sell 1415 / 8	1370 / 8	45 – 0 = 45	250	Profit Rs. 11250.00
KTKBANK (Fut./Opt)	Sell At 105 / 0	97 / 0	8	4000	Profit Rs. 32000.0(Super Call)
ICICIBK(OptStrategy)	Buy-Sell At 11 / 3.5	5 / 3.5	– 6+ 0 = -6	250	Loss Rs. 1500.00

 

Important Links

Phone Nos.: 91- 9899-90-9899 OR 9968-443-444 OR 9311-35-3399

Subscription Details: http://ibnservices.blogspot.com or http://ibninfo.blogspot.com

Subscription charges for our calls in equity market: http://ibnequity.blogspot.com/

Subscription charges for our calls in commodity market: http://ibncommodity.blogspot.com/

Performance of our calls in equity market: http://nse-bse.blogspot.com/

Performance of our calls in commodity market: http://mcx-ncdex.blogspot.com/

E-Mail id.: ibnservices@gmail.com or indiastock@gmail.com or info@ibnservices.com

Messenger id: Yahoo OR GTalk: ibnservicesdelhi OR ibncommodity

FAQ: http://ibnfaq.blogspot.com/

Twitter: http://twitter.com/ibnservices

Face book: http://www.facebook.com/profile.php?ref=profile&id=100000585243122

Orkut: http://www.orkut.co.in/Main#Profile?uid=10180667328369587673

Yahoo Group (Equity): http://finance.groups.yahoo.com/group/NSE_BSE/

Yahoo Group (Commodity): http://finance.groups.yahoo.com/group/ibncommodity/

Leave your valuable feedback here: http://ibnfeed.blogspot.com/

How to trade with our calls: http://ibnguide.blogspot.com/

Pay Per Call: http://percall.blogspot.com/

 

Disclaimer

Kindly read carefully before trading with us :

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