Weekly News Letter (Dated 3 - 7 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: 3 — 7 September 2012

 

Support & Resistances

NIFTY:

Last Close: 5258.20 (Down 128.20)

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

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

SENSEX:

Last Close:  17541.64 (Down 241.57)

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:

Nifty can bounce toward 5400+ levels this week after taking a dip toward 5200. It is advisable to buy at dip now as we can see market bouncing to higher levels. Nifty has good support at 5100 below which the sentiment can be negative, buy at dips.

Hot sectors for this week: Infra & Metals.

 

Last week’s profits & Hot in street

Hot picks for this week:

PFC, RECLTD, DLF, ORCHID, ABAN, TATASTEEL, BHARTIARTL, RCOM, IFCI, JPASSOCIAT, HINDUNILVR, MTNL, WIPRO etc.

Last week’s profits:        HDIL – 9%

                                                CHAMBLFERT – 4%

                                                HINDALCO - Fut. Rs. 9600.00

                                                RELINFRA - Fut. Rs. 6500.00

                                                RIL - (Option) Rs. 13500.00

 

Trading picks for this week:

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3	SL	COMMENTS
Hot for this week
HDIL (66.85)	Must Buy At 66—64	70	72—74+	62	One must accumulate at every dip 4 sharp gain.
CHAMBALFER (65.75)	Buy C/Fut. At 65—63	69	71—73+	61	Low risk scrip for traders, We expect to see 75+
Derivative- Future (Strategy for this week)
HINDALCO (104.60)	Must  Buy At 104—101	109	112—115+	Bel 99	Max Profits: Unlimited	Worst is over for time being, Buy at dips.
HINDALC PE 100 (2.40)	Buy when you buy Fut.	Hedging Position
					Max Loss: Rs 4000
RELINFRA (446.00)	Buy At 442—430	465	475—475+	Bel 424	Max Profits: Unlimited	Closely watch all Adag group stocks this week.
RINFRA PE 440  (18.00)	Buy when you buy Fut.	Hedging Position
					Max Loss: Rs. 3000
Derivative- Option Strategy
RIL  CE 760 (26.45)	Must Buy At 25—20	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	Trade & hold for 4—6 days for good profits.
RIL  PE 720 (4.05)	Sell 2 Lots with CE 760
					Max Loss: Rs. 5000

 

Last week’s performance:

Weekly News Letter (Dated 3^rd – 7^th Aug 2012) Performance Report: Maximum Profit / Loss: Rs. 63600.00

SCRIPT	TRADE PRICE	TGT	PROFIT / LOSS	UNIT	NET PROFIT/ LOSS (Rs.)
HDIL	Must Buy At  66	72	6	4000	Profit Rs. 24000.0(Super Call)
CHAMBLFERT	Buy C/Fut. At 66	68.50	2.50	4000	Profit Rs. 10000.00
HINDALCO (Fut./Opt)	Must Buy 101 / 2.10	106 / 1.90	5 – 0.20 = 4.80	2000	Profit Rs. 9600.00
RELINFRA (Fut./Opt)	Buy At 440 / 15	456 / 12	16 - 3  = 13	500	Profit Rs. 6500.00
RIL (Opt Strategy)	Buy-Sell At 22 / 4.5	42 / 1	20 + (3.5*2)  = 27	500	Profit Rs. 13500.0(Super Call)

 

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