Weekly News Letter (Dated 10 - 14 September 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: 10 — 14 September 2012

 

Support & Resistances

NIFTY:

Last Close: 5358.70 (Up 100.50)

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

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

SENSEX:

Last Close:  17749.65 (Up 208.01)

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 some profit booking in the beginning of the week but the trend will remain upside for target toward 5450+. Nifty has good support at 5130 for the trend to remain up toward 5600—5750+. Traders should remain long with hedging.

Hot sectors for this week: Banking & IT.

 

Last week’s profits & Hot in street

Hot picks for this week:

DLF, LT, IDBI, VIJAYABANK, TATASTEEL, STER, ABAN, NTPC, AXISBANK, RCOM, HCLTECH, MCDOWELL-N, ITC, ZEEL  etc.

Last week’s profits:        IFCI – 8%

                                                HCLTECH – 0%

                                                ANDHRABANK - Fut. Rs. 8000.00

                                                TITAN - Fut. Rs. 12500.00

                                                RCOM - (Option) Rs. 10000.00

 

Trading picks for this week:

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3	SL	COMMENTS
Hot for this week
IFCI (25.60)	Must Buy At 25.3—24.5	26.50	27—27.50	24	Accumulate at every dip for good upside soon.
HCLTECH (574.40)	Sell C/Fut. At 577—590	555	545—535	600	All IT stocks can show profit booking very soon.
Derivative- Future (Strategy for this week)
ANDHRABANK (93.30)	Must  Buy At 93—90	98	100—103+	Bel 88	Max Profits: Unlimited	All banking stocks can blast anytime, go long.
ANDHRA PE 90 (2.15)	Buy when you buy Fut.	Hedging Position
					Max Loss: Rs 4000
TITAN (231.30)	Buy At 230—225	240	245—250+	Bel 220	Max Profits: Unlimited	Stock is expected to show good upside.
TITAN PE 230  (4.90)	Buy when you buy Fut.	Hedging Position
					Max Loss: Rs. 5000
Derivative- Option Strategy
RCOM  CE 50 (2.50)	Must Buy At 2.30—2.0	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	Trade & hold for 5—10 days for good profits.
RCOM PE 45 (0.35)	Sell 2 Lots with CE 50
					Max Loss: Rs. 8000

 

Last week’s performance:

Weekly News Letter (Dated 10^th – 14^th Aug 2012) Performance Report: Maximum Profit / Loss: Rs. 43500.00

SCRIPT	TRADE PRICE	TGT	PROFIT / LOSS	UNIT	NET PROFIT/ LOSS (Rs.)
IFCI	Must Buy At  25	27	2	8000	Profit Rs. 16000.0(Super Call)
HCLTECH	Sell C/Fut. At 590	590	0	500	Profit Rs. 0.00
ANDHRAB (Fut./Opt)	Must Buy 90.5 / 0	94.5 / 0	4 – 0 = 4	2000	Profit Rs. 8000.00
TITAN (Fut./Opt)	Buy At 230 / 3	244 / 1.50	14 – 1.50  = 12.50	1000	Profit Rs. 12500.00
RCOM (Opt Strategy)	Buy-Sell At 1.5/0.75	3 / 0.25	1.5 + (0.5*2) = 2.5	4000	Profit Rs. 10000.0(Super Call)

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