Weekly News Letter (Dated 27 - 31 August 2012). Visit: http://www.ibnservice.com/ OR http://ibnservices.blogspot.in OR http://nse-bse.blogspot.in OR http://mcx-ncdex.blogspot.in

Weekly News Letter

Date: 27 — 31 August 2012

 

Support & Resistances

NIFTY:

Last Close: 5386.70 (Up 20.40)

Resistance Levels: 5400, 5450, 5630, 5750, 5900

Support Levels: 5200, 5050, 4910, 4800, 4650

ENSEX:

Last Close:  17783.21 (Up 92.13)

Resistance Levels: 17800, 18000, 18500, 19000, 19500

Support Levels: 17100, 16600, 16300, 15800, 15300

Sensex Range This Week: 17300 - 18000 above which it will touch 18500 & Below Target 16300; Good Support closing below 17100.

 

Market Commentary:

We can see profit booking this week or next 1—2 weeks due to rollover. Nifty will find good hurdle around 5400—5450 & support at 5300—5200 for time being. Most of the stocks look tired and need correction of 5—10% in coming days.

Hot sectors for this week: Telecom & IT.

 

Last week’s profits & Hot in street

Hot picks for this week:

BEML, CANBK, CENTRALBK, WELCORP, SKUMARSYNF, RCOM, HINDOILEXP, M&M, FEDBK, KOTAKBANK, CIPLA, ICICIBANK etc.

Last week’s profits:        BANKINDIA – 3.50%

                                                JSWSTEELL – 3.50%

                                                OFSS - Fut. Rs. 12500.00

                                                HINDUNILVR - Fut. Rs. 15000.00

                                                BHARTI - (Option) Rs. 9500.00

 

Trading picks for this week:

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3	SL	COMMENTS
Hot for this week
BHARTIARTL (248.00)	Must Buy At 245—240	287	294—300+	264	Short covering & pullback toward 260 expected.
GMRINFRA (19.40)	Buy C/Fut. At 19.3-18.5	20.50	21—21.50+	18	Stock is oversold for a technical bounce back.
Derivative- Future (Strategy for this week)
APOLLOTYRE (95.30)	Must  Sell 95.50—97.50	90	88—85	Abv 99	Max Profits: Unlimited	Sell on any rise with hedging for good gain.
APOLLOT CE 95 (1.55)	Buy when you sell Fut.	Hedging Position
					Max Loss: Rs 5000
JISLJALEQS (76.65)	Buy At 76—74	80	82—84+	Bel 72	Max Profits: Unlimited	Further upside can be seen, trade with SL.
JISLJAL PE 75  (1.80)	Buy when you buy Fut.	Hedging Position
					Max Loss: Rs. 4000
Derivative- Option Strategy
HINDUNI PE 520 (4.55)	Must Buy At 4—2.50	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	Trade & hold for 3—4 days for good profits.
HINDUNI CE 520 (3.80)	Buy 1 Lot with PE 520
					Max Loss: Rs. 8000

 

Last week’s performance:

Weekly News Letter (Dated 20^th – 24^th Aug 2012) Performance Report: Maximum Profit / Loss: Rs. 59500.00

SCRIPT	TRADE PRICE	TGT	PROFIT / LOSS	UNIT	NET PROFIT/ LOSS (Rs.)
BANKINDIA	Must Buy At  275	284	9	1000	Profit Rs. 9000.00
JSWSTEEL	Sell C/Fut. At 735	708	27	500	Profit Rs. 13500.00
OFSS (Fut./Opt)	Must Sell 2950 / 0	2850 / 0	100	125	Profit Rs. 12500.0(Super Call)
HINDUNIL (Fut./Opt)	Sell At 513 / 7	518 / 27	- 5 + 20 = 15	1000	Profit Rs. 15000.0(Super Call)
BHARTI (Op Strategy)	Buy-Sell At 4 / 4	1.50 / 16	– 2.50 + 12 = 9.50	1000	Profit Rs. 9500.00

 

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