Weekly News Letter (Dated 15 - 19 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: 15 — 19 October 2012

 

Support & Resistances

NIFTY:

Last Close: 5676.05 (Down 70.85)

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

Support Levels: 5600, 5420, 5330, 5200, 5050

SENSEX:

Last Close:  18675.18 (Down 263.28)

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

Support Levels: 18300, 18000, 17700, 17100, 16600

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

 

Market Commentary:

We have been warning for downside which is very much visible now. Market can show a bounce in first 1—2 days but it will again be a selling opportunity. But the traders should keep hedge of options with their positions so to avoid major damage.

Hot sectors this week: Metal & Cement.

 

Last week’s profits & Hot in street

Hot picks for this week:

HINDALCO, GSPL, SRTRANSFIN, STER, FINANTECH, HDIL, ZEEL, EXIDEIND, INDUSINDBK, PFC, ULTACEMCO, TATAGLOBAL etc.

Last week’s profits:        HINDALCO – 0%

                                                TITAN – 0%

                                                GRASIM - Fut. Rs. 2500.00

                                                AUROPHARMA - Fut. Rs. 14000.00

                                                TATASTEEL - (Option) Rs. 8000.00

 

Trading picks for this week:

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3	SL	COMMENTS
Hot for this week
HINDALCO (117.80)	Must Buy At 117—113.5	123	126—129+	112	Short covering can be seen, buy with hedge only
TITAN (274.10)	Sell C/Fut. At 275—282	262	256—250	286	Not much upside expected take a risk to sell now
Derivative- Future (Strategy for this week)
GRASIM (3416.65)	Must  Sell At 3430-3500	3300	3240—3180	Abv 3550	Max Profits: Unlimited	We recommend to sell on every rise for fall.
GRASIM CE 3500 (23.0)	Buy when you sell Fut.	Hedging Position
					Max Loss: Rs 6250
AUROPHARMA(159.2)	Sell At 160—164	152	149—145	Abv 167	Max Profits: Unlimited	Profit booking can be seen from higher levels.
AUROPH CE 160 (4.20)	Buy when you sell Fut.	Hedging Position
					Max Loss: Rs. 6000
Derivative- Option Strategy
TATASTL  PE 420 (10.0)	Must Buy At 9—5	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	Trade & hold for 4—6 days for good profits.
TATASTL  CE 440 (5.00)	Sell 2Lots with PE 420
					Max Loss: Rs. 5000

 

Last week’s performance:

Weekly News Letter (Dated 15^th – 19^th October 2012) Performance Report: Maximum Profit/Loss: Rs. 24500.0

SCRIPT	TRADE PRICE	TGT	PROFIT / LOSS	UNIT	NET PROFIT/ LOSS (Rs.)
HINDALCO	Must Buy At  117	117	0	2000	Profit Rs. 0.00
TITAN	Sell C/Fut. At 277	277	0	1000	Profit Rs. 0.00
GRASIM (Fut./Opt)	Must  Sell 3450 / 30	3420 / 20	30 – 10 = 20	125	Profit Rs. 2500.00
AUROPH (Fut./Opt)	Sell At 160 / 3	153 / 3	7 - 0 = 7	2000	Profit Rs. 14000.0(Super Call)
TATAST (Opt strategy)	Buy-Sell At 9 / 5	16 / 0.50	7 + (4.50 * 2) = 16	500	Profit Rs. 8000.00

 

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