Weekly News Letter (Dated 17 - 21 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: 17 — 21 December 2012

 

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:

This is a crucial week for our market. RBI meeting & global markets will show the path to our market. We still see profit booking at every rise & advise all to sell on rise to 5950 for downside toward 5700 & below keeping stop loss at 6050 as of now. Most of the markets looks tired now.

Hot sectors for this week: IT& Auto.

 

Last week’s profits & Hot in street

Hot picks for this week:

BATAINDIA, CAIRN, TCS, HEXAWARE, SAIL, OPTOCIRC,  AXISBANK, BAJAJ-AUTO, IDFC, CIPLA, CANBK, JINDALSTEL, TITAN etc.

Last week’s profits:        HEXAWARE – 0%

                                                RELCAPITAL – 4%

                                                CANBK - Fut. Rs. 5500.00

                                                BAJAJ-AUTO - Fut. Rs. 6875.00

                                                IDFC - (Option) Rs. 4600.00

 

Trading picks for this week:

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3	SL	COMMENTS
Hot picks for this week
HEXAWARE (88.90)	Must Buy 88—85	94	97—100	83	Mid-cap IT stocks can show a bounce this week.
RELCAPITAL (465.50)	Sell C/Fut. 470—480	450	440—430	488	Keep an eye on all ADAG stocks for free fall.
Derivative- Future (Strategy for this week)
CANBK (467.20)	Must  Sell 470—480	450	440—430	Abv 488	Max Profits: Unlimited	Sell banking stocks on any rise keeping hedge.
CANBK CE 480 (7.65)	Buy when you Sell Fut.	Hedging Position
					Max Loss: Rs 4000
BAJAJ-AUTO (2086.85)	Sell At 2090—2120	2000	1960—1920	Abv 2040	Max Profits: Unlimited	All Auto stock will show profit booking.
BAJAJA CE 2100  (31.0)	Buy when you Sell Fut.	Hedging Position
					Max Loss: Rs. 2500
Derivative- Option Strategy
IDFC PE 170 (2.35)	Must Buy At 2—1.50	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	Trade & hold for 5—10 days for good profits.
IDFC CE 190 (0.80)	Sell 2Lots with PE 170
					Max Loss: Rs. 7000

 

Last week’s performance:

Weekly News Letter (Dated 17^th – 21^st Dec 2012) Performance Report: Maximum Profit/Loss: Rs. 25975.00

SCRIPT	TRADE PRICE	TGT	PROFIT / LOSS	UNIT	NET PROFIT/ LOSS (Rs.)
HEXAWARE	Must Buy At  87	87	0	2000	Profit Rs. 0.00
RELCAPITAL	Sell C/Fut. At 480	462	18	500	Profit Rs. 9000.00(Super Call)
CANBK (Fut./Opt)	Must  Sell 480 / 4	475 / 10	5 + 6 = 11	500	Profit Rs. 5500.00
BAJAJ-AU (Fut./Opt)	Sell At 2120 / 25	2090 / 50	30 + 25 = 55	125	Profit Rs. 6875.00
IDFC (Option strategy)	Buy-Sell At 1.5 / .75	2.50 / 0.10	1 + ( .65 * 2) = 2.3	2000	Profit Rs. 4600.00

 

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