Weekly News Letter (Dated 1 - 5 October 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: 1 — 5 October 2012

 

Support & Resistances

NIFTY:

Last Close: 5703.30 (Up 12.15)

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

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

SENSEX:

Last Close:  18762.74 (Up 9.91)

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:

We see this rally getting tired and a trend reversal this week. Nifty has crucial resistance at 5850 above which new all time high is possible, but before that a downside towards 5430—5300 expected.

Hot sectors for this week: IT & Banking.

 

Last week’s profits & Hot in street

Hot picks for this week:

Apollotyre, Dreddy, Jindalsaw, Ntpc, Optocircuit, Tcs, Pwergrid, Deltacorp, Voltas, Ibrealest, Idfc  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
NTPC (167.85)	Must Buy At 167—163	175	179--183	160	Power stock can show some news based rally.
HEXAWARE (121.80)	Buy C/Fut. At 121—117	127	130—133	115	Mid-cap IT stocks are looking for bounce back.
Derivative- Future (Strategy for this week)
AUROPHARMA (142.60)	Must  Sell At 143—147	136	132—128	Abv 150	Max Profits: Unlimited	Closely watch & trade with hedging for gain.
DENABK CE 150 (4.0)	Buy when you sell Fut.	Hedging Position
					Max Loss: Rs 6000
ACC (1472.30)	Sell At 1480—1510	1410	1380—1350	Abv 1530	Max Profits: Unlimited	We advise to sell all cement stocks on rise .
ACC CE 1500 (32.50)	Buy when you sell Fut.	Hedging Position
					Max Loss: Rs. 5000
Derivative- Option Strategy
IDFC PE 150 (4.65)	Must Buy At 4—3	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	Trade & hold for 3—4 days for good profits.
IDFC CE 170 (2.40)	Sell 2Lots with PE 150
					Max Loss: Rs. 6000

 

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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