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

 

Support & Resistances

NIFTY:

Last Close: 5879.85 (Up 253.25)

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

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

SENSEX:

Last Close:  19339.90 (Up 833.33)

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:

Any rise toward 5900-5950 this week will be a selling opportunity for down side toward 5700—5650 initially. Traders can take hedging with short positions as there can be both side swings this week. Nifty has good resistance at 6000 & support at 5700 for current rally, trade accordingly.

Hot sectors for this week: Power & Tele.

 

Last week’s profits & Hot in street

Hot picks for this week:

JUBLFOOD, NMDC, VIJAYABK, IFCI, JINDALSTEL, ABB, MARUTI, BHARTIARTL, KTKBANK, BATAINDIA, HINDUNILVR, IDEA etc.

Last week’s profits:        GSPL – 7%

                                                NTPC – 2.5%

                                                MCDOWELL-N - Fut. Rs. 25000.00

                                                MCLEODRUSS - Fut. Rs. 7000.00

                                                BHARTIARTL - (Option) Rs. 14000.00

 

Trading picks for this week:

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3	SL	COMMENTS
Hot picks for this week
GSPL (73.60)	Must Buy At 73—71.50	77	78.50—80+	70	Buy at any dip for good bounce toward 80—83.
NTPC (162.10)	Buy C/Fut. 161—158	169	173—177+	155	Low risk scrip for this week, but at dips only.
Derivative- Future (Strategy for this week)
MCDOWELL (2006.55)	Must  Sell At 2020-2060	1900	1850—1800	Abv 2100	Max Profits: Unlimited	Not much upside left, sell with hedging.
MCDOW CE 2100(75.9)	Buy when you Sell Fut.	Hedging Position
					Max Loss: Rs 10000
MCLEODRUSS (354.0)	Sell At 355—362	330	322—315	Abv 367	Max Profits: Unlimited	As per chart, profit booking can be seen.
……………..  (………)	………………….	Hedging Position
					Max Loss: Rs. 5000
Derivative- Option Strategy
BHARTI PE 340 (14.25)	Must Buy At 12—10	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	Trade & hold for 4—7 days for good profits.
BHARTI CE 360 (3.35)	Sell 2Lots with PE 340
					Max Loss: Rs. 20000

 

Last week’s performance:

Weekly News Letter (Dated 3^rd – 7^th Dec 2012) Performance Report: Maximum Profit/Loss: Rs.74000.00

SCRIPT	TRADE PRICE	TGT	PROFIT / LOSS	UNIT	NET PROFIT/ LOSS (Rs.)
GSPL	Must Buy At  73.50	78.50	5	4000	Profit Rs. 20000.0(Super Call)
NTPC	Buy C/Fut. At 158	162	4	2000	Profit Rs. 8000.00
MCDOWEL (Fut./Opt)	Must  Sell 2035 / 60	1920 / 45	115 - 15 = 100	250	Profit Rs. 25000.0(Super Call)
MCLEODR (Fut./Opt)	Sell At 364	357	7	1000	Profit Rs. 7000.00
BHARTI (Optstrategy)	Buy-Sell At 12 / 4.5	20 / 1.50	8 + ( 3 * 2) = 14	1000	Profit Rs. 14000.0(Super Call)

 

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