Weekly News Letter (Dated 14 -- 18 January 2013) 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: 14 Jan — 18 January 2013

 

Support & Resistances

NIFTY:

Last Close: 5952.80 (Down 63.25)

Resistance Levels:  6080, 6150, 6200, 6350, 6500

Support Levels: 5850, 5700, 5600, 5420, 5330, 5200

SENSEX:

Last Close:  19663.64 (Down 120.44)

Resistance Levels:  20000, 20300, 20500,  21000, 21500

Support Levels: 19300, 18650, 18300, 18000, 17700, 17100

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

 

Market Commentary:

Nifty will remain in narrow range until a clear breakout above 6000 or below 5800 is seen with good volume. Nifty if stays below 6000 this week then we can see some profit booking in coming days too. The market will hold strong until budget which can give direction & most likely a massive sell-off after that.

Hot sectors for this week: Cement & IT.

 

Last week’s profits & Hot in street

Hot picks for this week:

HEXAWARE, RENUKA, AMBUJACEM, GAIL, HAVELLS, ONGC, TATAMOTORS, ANDHRABANK, PANTALOONR, TATACHEM, etc.

Last week’s profits:        AMBUJACEM – 9.5%

                                                YESBANK – -1.2%

                                                TATAMOTORS - Fut. Rs. 16000.00

                                                YESBANK - Fut. Rs. 10000.00

                                                ONGC - (Option) Rs. -10000.00

 

Trading picks for this week:

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3	SL	COMMENTS
Hot picks for this week
AMBUJACEM (186.45)	Must Buy At 184—180	195	200—205+	177	Dead-cat bounce can be seen, buy at dip only.
YESBANK (498.90)	Sell C/Fut. 492—504	475	465—455	510	Highly overbought on daily chart, anytime fall.
Derivative- Future (Strategy for this week)
TATAMOTORS (331.5)	Must  Sell At 333—340	318	312—305	Abv 345	Max Profits: Unlimited	Anytime panic selling can be seen, Tgt 300.
TATAMOT CE 340 (5.0)	Buy when you Sell Fut.	Hedging Position
					Max Loss: Rs. 5000
YESBANK (500.40)	Sell At 505—515	580	570—560	Abv 520	Max Profits: Unlimited	Not much upside left, Sell & hold Tgt 450.
YESB CE 520 (5.60)	Buy when you Sell Fut.	Hedging Position
					Max Loss: Rs. 5000
Derivative- Option Strategy
ONGC PE 290 (6.00)	Must Buy At 4.5—3	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	Trade & hold for 6—10 days for good profits.
ONGC CE 320 (1.15)	Sell 2 Lots with PE 290
					Max Loss: Rs. 7500

 

Last week’s performance:

Weekly News Letter (Dated 14 – 18 Jan 2013) Performance Report: Maximum Profit/Loss: Rs. 44000.00

SCRIPT	TRADE PRICE	TGT	PROFIT / LOSS	UNIT	NET PROFIT/ LOSS (Rs.)
AMBUJACEM	Must Buy At  185	202	17	2000	Profit Rs. 34000.0(Super Call)
YESBANK	Sell C/Fut. At 504	510	-6	1000	Loss Rs. 6000.00
TATAMOT (Fut./Opt)	Must  Sell 335 / 4	319 / 4	16 – 0 = 16	1000	Profit Rs. 16000.0(Super Call)
YESBANK (Fut./Opt)	Sell At 515 / 4	520 / 19	- 5 + 15  = 10	1000	Profit Rs. 10000.00
ONGC (Opt strategy)	Buy-Sell At 3 / 4	1 / 8	- 2 + ( -4* 2) = -10	1000	Loss Rs. 10000.00

 

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