Weekly News Letter (Dated 24 - 28 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: 24 — 28 September 2012

 

Support & Resistances

NIFTY:

Last Close: 5691.15 (Up 113.50)

Resistance Levels:  5750, 5900, 6000, 6150, 6300

Support Levels: 5420, 5330, 5200, 5050, 4910

SENSEX:

Last Close:  18752.83 (Up 288.56)

Resistance Levels:  19000, 19500, 20000, 20500,  21000

Support Levels: 18000, 17700, 17100, 16600, 16300

Sensex Range This Week: 18000 - 19300 above which it will touch 20000 & Below Target 17500; Good Resistance closing above 19100.

 

Market Commentary:

Nifty can show a rally toward 5800-5850 but it is advised to sell on rise for down side to 5500—5350 in coming days. Most of the stocks are looking exhausted on upside and waiting for a profit booking.

Hot sectors for this week: Oil & Banking.

 

Last week’s profits & Hot in street

Hot picks for this week:

HINDPETRO, POWERGRID, EDUCOMP, SUZLON, ZEEL, ULTRACEMCO, PFC, UNIONBANK, DELTACORP,  etc.

Last week’s profits:        SUZLON – 6.5%

                                                IDEA – 4.5%

                                                DENABNK - Fut. Rs. 18800.00

                                                GRASIM - Fut. Rs. -3125.00

                                                SBIN - (Option) Rs. 2000.00

 

Trading picks for this week:

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3	SL	COMMENTS
Hot for this week
SUZLON (17.30)	Must Buy At 17—16.40	18	18.50—19+	16	Very low risk scrip for short term good upside.
IDEA (87.95)	Sell C/Fut. At 89—92	84	82—80	93.50	Profit booking can be seen, sell on every rise.
Derivative- Future (Strategy for this week)
DENABANK (104.50)	Must  Sell At 105—108	100	98—95	Abv 110	Max Profits: Unlimited	All Banking stocks can show downside soon.
DENABK CE 110 (1.0)	Buy when you sell Fut.	Hedging Position
					Max Loss: Rs 8000
GRASIM (3271.00)	Sell At 3275—3350	3125	3050—2975	Abv 3400	Max Profits: Unlimited	One should sell in bulk on rise 4 free fall soon.
……………..(……..)	………………..	Hedging Position
					Max Loss: Rs. 5000
Derivative- Option Strategy
SBIN PE 2200 (31.65)	Must Buy At 30—20	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	Trade & hold for 3—4 days for good profits.
SBIN CE 2300 (10.05)	Sell 2Lots with PE 2200
					Max Loss: Rs. 3750

 

Last week’s performance:

Weekly News Letter (Dated 24^th – 28^th Sept 2012) Performance Report: Maximum Profit / Loss: Rs. 45675.00

SCRIPT	TRADE PRICE	TGT	PROFIT / LOSS	UNIT	NET PROFIT/ LOSS (Rs.)
SUZLON	Must Buy At  17.50	19	1.50	8000	Profit Rs. 12000.00
IDEA	Sell C/Fut. At 89	85	4	4000	Profit Rs. 16000.0(Super Call)
DENABK (Fut./Opt)	Must  Sell 106.9/0.3	102 / 0.10	4.90 – 0.20 = 4.70	4000	Profit Rs. 18800.0(Super Call)
GRASIM (Fut./Opt)	Sell At 3275	3300	-25	125	Loss Rs. 3125.00
SBIN(Opt Strategy)	Buy-Sell At 20 / 18	1 / 0.50	-19 + (17.5*2)= 16	125	Profit Rs. 2000.00

 

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