Weekly News Letter (Dated 23 - 27 July 2012). Visit: http://www.ibnservice.com/ OR http://nse-bse.blogspot.com/ OR http://mcx-ncdex.blogspot.com/

Weekly News Letter

Date: 23 — 27 July 2012

 

Support & Resistances

NIFTY:

Last Close: 5205.10 (Down 22.15)

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

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

SENSEX:

Last Close:  17158.44 (Down 55.26)

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:

This week will be crucial for coming month. We have action pack week which can guide the market. Nifty will find support at 5150—5100 & resistance at 5300—5350. One should remain seller on rise as any panic can cause major damage. It’s advisable to keep hedging with trades.

Hot sectors for this week: IT & Telecom.

 

Last week’s profits & Hot in street

Hot picks for this week:

POLARIS, HINDALCO, WIPRO, MARUTI, TATASTEEL, CIPLA, BOMDYEING, RAYMOND, JUBLFOOD, BATAINDIA, LT, IDEA,  etc.

Last week’s profits:        ASHOKLEY – -2%

                                                TATACOMM – 6%

                                                TATAMOTORS - Fut. Rs. 7000.00

                                                MCDOWELL-N - Fut. Rs. 49000.00

                                                INFY - (Option) Rs. 17125

 

Trading picks for this week:

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3	SL	COMMENTS
Hot for this week
ASHOKLEY (24.05)	Must Buy At 24—23.20	25	25.50—26+	22.75	Stock is at rock bottom, buy & hold long Tgt 27+
TATACOMM  (260.00)	Sell At 263—270	250	245—240	274	One should sell on rise for downside in 2—4 day
Derivative- Future (Strategy for this week)
TATAMOTORS (224.35)	Must  Buy 222—217	230	235—240+	Bel 212	Max Profits: Unlimited	We expect good bounce this week, Tgt 235+.
TATAMOT PE 220 (1.5)	Buy when you buy Fut.	Hedging Position
					Max Loss: Rs 5000
MCDOWELL-N (822.4)	Sell At 825—840	790	775—760	Abv 850	Max Profits: Unlimited	Profit booking can be seen, sell on any rise.
MCODWE CE 840  (8.0)	Buy when you sell Fut.	Hedging Position
					Max Loss: Rs. 5000
Derivative- Option Strategy
INFY CE 2200 (35.00)	Must Buy At 30—15	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	Trade & hold for 3--4 days for good profits.
INFY PE 2200 (12.50)	Buy 1 Lot with CE 2200
					Max Loss: Rs. 4000

 

Last week’s performance:

Weekly News Letter (Dated 23^rd – 27^th July

SCRIPT	TRADE PRICE	TGT	PROFIT / LOSS	UNIT	NET PROFIT/ LOSS (Rs.)
ASHOKLEY	Must Buy At  23.20	22.75	-0.45	8000	Loss Rs. -3600.00
TATACOMM	Sell C/Fut. At 263	248	15	1000	Profit Rs. 15000.0(Super Call)
TATAMOT (Fut./Opt)	Must Buy 217 / 3	212 / 15	- 5 + 12 = 7	1000	Profit Rs. 7000.00
MCDOWEL (Fut./Opt)	Sell At 825 / 2.10	725 / -0.10	100 – 2.0 = 98	500	Profit Rs. 49000.0(Super Call)
INFY(Op Strategy)	Buy-Sell At 15 / 20	2 / 170	– 13 + 150 = 137	125	Profit Rs. 17125.0(Super Call)

 

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