Weekly News Letter (Dated 6 - 10 August 2012). Visit: http://www.ibnservice.com/ OR http://nse-bse.blogspot.in/ OR http://mcx-ncdex.blogspot.in/
Weekly News Letter
Date: 6 — 10 August 2012
Support & Resistances
NIFTY:
Last Close: 5215.70 (Up 115.85)
Resistance Levels: 5330, 5450, 5630, 5750, 5900
Support Levels: 5050, 4910, 4800, 4650, 4550
SENSEX:
Last Close: 17197.93 (Up 358.74)
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:
Nifty can show upside toward 5300—5350 but a strong hurdle will be seen at 5400 this week. One can sell on rise for good downside in 2nd half of the week. Some of the stocks look good for big jump in coming days, as per daily chart, but trade with tight stop loss & proper hedge.
Hot sectors this week: Telecom & Bank.
Last week’s profits & Hot in street
Hot picks for this week:
APOLLOTYRE, JUBLFOOD, ESCORTS, MRF, TATAMOTORS, SBI, YESBANK, BPCL, GMRINF, MCDOWELL-N, CAIRN, BATAINDIA etc.
Last week’s profits: RCOM – 6%
BHARTIARTL – -1.50%
TTKPRESTIG - Fut. Rs. 7500.00
MCDOWELL-N - Fut. Rs. 30000.00
SBIN - (Option) Rs. -2500.00
Trading picks for this week:
| SCRIP NAME (CMP) | ENTRY LEVEL | TGT1 | TGT2—3 | SL | COMMENTS | ||
| Hot for this week | |||||||
| RCOM (55.90) | Must Buy At 55.50—54 | 58.50 | 60—62+ | 53 | Low risk stock for short term trader soon Tgt 70 | ||
| BHARTIARTL (296.50) | Buy At 294—288 | 308 | 315—320+ | 284 | Technical bounce can be seen, buy at any dip. | ||
| Derivative- Future (Strategy for this week) | |||||||
| TTKPRESTIG (3647.00) | Must Sell 3670—3740 | 3520 | 3450—3380 | Abv 3780 | Max Profits: Unlimited | Anytime panic selling can be seen, sell on rise. | |
| …………. (…………..) | ……………… | Hedging Position | |||||
| Max Loss: Rs 5000 | |||||||
| MCDOWELL-N (868.3) | Sell At 875—890 | 830 | 815—800 | Abv 900 | Max Profits: Unlimited | Trade with hedging for good gain this week. | |
| MCDOW CE880 (40.0) | Buy when you sell Fut. | Hedging Position | |||||
| Max Loss: Rs. 5000 | |||||||
| Derivative- Option Strategy | |||||||
| SBIN CE 2050 (56.75) | Must Buy At 55—40 | Options Trading strategy with High Risk- High Gain. | Max Profits: Unlimited | Trade & hold for 4—7 days for good profits. | |||
| SBIN PE 1900 (30.20) | Sell 2 Lots with CE2050 | ||||||
| Max Loss: Rs. 7500 | |||||||
Last week’s performance:
Weekly News Letter (Dated 6th – 10th Aug 2012) Performance Report: Maximum Profit / Loss: Rs. 45000.00
| SCRIPT | TRADE PRICE | TGT | PROFIT / LOSS | UNIT | NET PROFIT/ LOSS (Rs.) |
| RCOM | Must Buy At 55.50 | 59 | 3.50 | 4000 | Profit Rs. 14000.0(Super Call) |
| BHARTIARTL | Buy C/Fut. At 288 | 284 | -4 | 1000 | Loss Rs. 4000.00 |
| TTKPREST (Fut./Opt) | Must Sell At 3740 | 3680 | 60 | 125 | Profit Rs. 7500.00 |
| MCDOWEL (Fut./Opt) | Sell At 885 / 40 | 805 / 20 | 80 – 20 = 60 | 500 | Profit Rs. 30000.0(Super Call) |
| SBIN (Op Strategy) | Buy-Sell At 60 / 28 | 40 / 28 | – 20 + 0 = -20 | 125 | Loss Rs. 2500.00 |
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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
posted by NSE_BSE at Friday, August 10, 2012
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