Weekly News Letter (Dated 10 - 14 December 2012). Visit: http://www.ibnservices.in or http://ibnservices.blogspot.in or http://nse-bse.blogspot.in or http://mcx-ncdex.blogspot.in

Weekly News Letter

Date: 10 — 14 December 2012

Phone: (91) 9899909899; 9968443444; 9311353399

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Support & Resistances

NIFTY:

Last Close: 5907.40 (Up 27.55)

Resistance Levels:  6000, 6130, 6200, 6350, 6500

Support Levels: 5700, 5600, 5420, 5330, 5200, 5050

SENSEX:

Last Close:  19424.10 (Up 84.20)

Resistance Levels:  19800, 20300, 20500,  21000, 21500

Support Levels: 18650, 18300, 18000, 17700, 17100, 16600

Sensex Range This Week: 18800 - 19800 above which it will touch 20300 & Below Target 18300; Good Support closing below 18000.

 

Market Commentary:

 

Global events will give direction to the market this week. Nifty can show profit booking this week & will find support around 5750—5700. Nifty has good hurdle at 6000 above which sharp upside is not ruled out. Huge call writing seen on 6000 levels which shows this as a good hurdle.

Hot sectors for this week: IT& Banking.

 

Last week’s profits & Hot in street

Hot picks for this week:

CENTRALBK, TATACOMM, AXISBANK, CHAMBLFERT, NCC, ALBK, ARVIND, IFCI, JPPOWER, LICHSGFIN, UNITECH, VIJAYABK etc.

Last week’s profits:        INFY – -0.50%

                                                M&M – 0%

                                                AXISBANK - Fut. Rs. 00.00

                                                SUNTV - Fut. Rs. 25000.00

                                                IFCI - (Option) Rs. 8000.00

 

Trading picks for this week:

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3	SL	COMMENTS
Hot picks for this week
INFY (2319.70)	Must Buy 2300—2250	2400	2450—2500	2220	Dead cat bounce can be seen, buy at any dip.
M&M (936.85)	Sell C/Fut. 950—970	900	885—870	980	Selling can be seen from higher levels, Keep SL.
Derivative- Future (Strategy for this week)
AXISBANK (1339.10)	Must  Sell 1350—1375	1290	1275—1260	Abv 1400	Max Profits: Unlimited	Highly overbought on all charts, sell on rise.
AXISB CE 1350 (25.6)	Buy when you Sell Fut.	Hedging Position
					Max Loss: Rs 6250
SUNTV (419.80)	Sell At 425—434	405	395—385	Abv 440	Max Profits: Unlimited	Take a rise to sell & hold from higher levels.
SUNTV CE 440  (8.85)	Buy when you Sell Fut.	Hedging Position
					Max Loss: Rs. 6000
Derivative- Option Strategy
IFCI PE 35 (2.40)	Must Buy At 2.25—1.75	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	Trade & hold for 5—10 days for good profits.
IFCI CE 40 (0.75)	Sell 2Lots with PE 35
					Max Loss: Unlimited

 

Last week’s performance:

Weekly News Letter (Dated 10^th – 14^th Dec 2012) Performance Report: Maximum Profit/Loss: Rs.31750.00

SCRIPT	TRADE PRICE	TGT	PROFIT / LOSS	UNIT	NET PROFIT/ LOSS (Rs.)
INFY	Must Buy At  2300	2290	-10	125	Loss Rs. 1250.00
M&M	Sell C/Fut. At 940	940	0	500	Profit Rs. 0.00
AXISBANK (Fut./Opt)	Must  Sell 1350 / 25	1350 / 25	0	250	Profit Rs. 0.00
SUNTV (Fut./Opt)	Sell At 423 / 6.50	395 / 3.50	28 – 3 = 25	1000	Profit Rs. 25000.0(Super Call)
IFCI (Option strategy)	Buy-Sell At 2 / 0.75	2 / 0.25	0 + ( 0.50 * 2) = 1	8000	Profit Rs. 8000.00

 

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India Stock {A unit of IBN Services, New Delhi} has taken due care and caution in compilation of data for its members. Information has been obtained by the company from sources which it considers reliable. We might not hold any positions in above stocks in Cash/ Derivatives. However, India Stock/ IBN Services does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information. India Stock/ IBN Services especially states that it has no financial liability whatsoever to any user on account of the use of information provided on its News Letters or websites or through any medium (like: messenger/ sms/ group websites etc). You are responsible for your own investment/ trading decisions. India Stock/ IBN Services will not be responsible for any errors or omissions in articles or postings, for hyperlinks embedded in messages, or for any results obtained from the use of such information. India Stock/ IBN Services will not be liable for any loss or damage caused by a reader's reliance on information obtained in our area, or in a hyperlinked area.  All disputes subject to Delhi jurisdiction only. No part of any material may be duplicated in any form and/or distributed without IBN Services prior written consent. By: IBN Services Write to: ibnservices@gmail.caom Visit: http://ibnservices.blogspot.com/ OR http://www.ibnservices.in/ Call: (91) 9899909899