Weekly News Letter (Dated 30 July - 3 August 2012). Visit: http://www.ibnservice.com/ OR http://ibnservices.blogspot.com/ OR http://nse-bse.blogspot.com/ OR http://mcx-ncdex.blogspot.com/

Weekly News Letter

Date: 30 July — 3 August 2012

 

Support & Resistances

NIFTY:

Last Close: 5099.85 (Down 105.25)

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

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

SENSEX:

Last Close:  16839.19 (Down 319.25)

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

Support Levels: 16600, 16300, 15800, 15300, 15000 , 14500

Sensex Range This Week: 16500 - 17500 above which it will touch 18000 & Below Target 16100; Good Support closing below 16500.

 

Market Commentary:

Market should cheer with RBI news, but volatility will be seen this week too. Nifty will find good support at 5050—5000 & resistance at 5300—5350. We advice to buy at dips keeping Nifty stop loss 5000 for rise toward 5350—5400 in coming days. Keep options as hedge with long.

Hot sectors for this week: Bank & Fmcg.

Last week’s profits & Hot in street

Hot picks for this week:

RPOWER, BANKBARODA, IDBI, TATAMOTORS, MARUTI, WIPRO, POLARIS, RELINFRA, BHEL, HINDUNILVR, BATAINDIA, ITC etc.

Last week’s profits:        BHEL – 6.50%

                                                WIPRO – 5.50%

                                                RCOM - Fut. Rs. 14000.00

                                                BANKINDIA - Fut. Rs. 12000.00

                                                HUL - (Option) Rs. 2500.00

 

Trading picks for this week:

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3	SL	COMMENTS
Hot for this week
BHEL (208.25)	Must Buy At 206—200	216	221—227+	195	One can go long for short term upside to 240++
WIPRO  (334.25)	Buy At 333—325	350	360—370+	320	Highly oversold on daily chart, just buy & hold.
Derivative- Future (Strategy for this week)
RCOM (54.30)	Must  Buy 54—52.50	57	58.50—60+	Bel 51	Max Profits: Unlimited	A real gem among ADAG group stocks.
RCOM PE 50 (1.65)	Buy when you buy Fut.	Hedging Position
					Max Loss: Rs 6000
BANKINDIA (292.45)	Buy At 292—286	307	315—322+	Bel 280	Max Profits: Unlimited	All banking stocks will show upside with news.
BANKIND PE300  (8.05)	Buy when you buy Fut.	Hedging Position
					Max Loss: Rs. 6000
Derivative- Option Strategy
HUL PE 460 (6.15)	Must Buy At 5.50—4	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	Trade & hold for 4—7 days for good profits.
HUL CE 480 (5.10)	Buy 1 Lot with PE 460
					Max Loss: Rs. 5000

 

Last week’s performance:

Weekly News Letter (Dated 30^th Jul – 3^rd Aug 2012) Performance Report: Maximum Profit / Loss: Rs. 51500.0

SCRIPT	TRADE PRICE	TGT	PROFIT / LOSS	UNIT	NET PROFIT/ LOSS (Rs.)
BHEL	Must Buy At  209	223	14	1000	Profit Rs. 14000.0(Super Call
WIPRO	Buy C/Fut. At 325	343	18	500	Profit Rs. 9000.00
RCOM (Fut./Opt)	Must Buy 54 / 1.0	57.50 / 1.0	3.50 + 0 = 3.50	4000	Profit Rs. 14000.0(Super Call)
BANKIND (Fut./Opt)	Buy At 290 / 0	302 / 0	12	1000	Profit Rs. 12000.0
HUL (Op Strategy)	Buy-Sell At 5.5 / 4.5	5.0 / 7.50	– 0.5 + 3.0 = 2.50	1000	Profit Rs. 2500.00

 

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