Weekly News Letter (Dated 7 -- 11 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: 7 Jan — 11 Jan 2013

 

Support & Resistances

NIFTY:

Last Close: 6016.15 (Up 107.80)

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

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

SENSEX:

Last Close:  19784.08 (Up 339.24)

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 face hurdles at 6080 & 6150 in coming days. We still see profit booking in coming days. In fact any bad news can wipe out 300—400 points in Nifty. Traders should keep hedge of options with their trade so major loss can be avoided. We still prefer selling on rise as we do not feel comfortable with the bulls at this point.

Hot sectors for this week: IT& Auto.

 

Last week’s profits & Hot in street

Hot picks for this week:

VIJAYABANK, WELCORP, POWERGRID, IGL, AXISBANK, SESAGOA, SUNTV, ZEEL, HAVELLS, TATASTEEL, PFC, TATAMOTORS etc.

Last week’s profits:        WELCORP – 0%

                                                YESBANK – -1.2%

                                                AUROPHARMA - Fut. Rs. 31000.00

                                                BAJAJ-AUTO - Fut. Rs. 9000.00

                                                AXISBANK - (Option) Rs. 8250.00

 

Trading picks for this week:

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3	SL	COMMENTS
Hot picks for this week
WELCORP (106.40)	Must Buy At 105—102	110	112—115	100	Technically looking good fr rise toward 120 soon
YESBANK (489.60)	Sell C/Fut. 492—504	475	465—455	510	Highly overbought on daily chart, anytime fall.
Derivative- Future (Strategy for this week)
AUROPHARMA (202.8)	Must  Sell At 205—211	195	190—185	Abv 214	Max Profits: Unlimited	Profit booking can be seen, keep hedging.
AUROPH CE 210 (5.00)	Buy when you Sell Fut.	Hedging Position
					Max Loss: Rs. 6000
BAJAJ-AUTO (2207.00)	Sell At 2220—2250	2050	2000-1950	Abv 2280	Max Profits: Unlimited	Take a rise & sell with hedge for good profits.
BAJAJ CE 2250 (33.75)	Buy when you Sell Fut.	Hedging Position
					Max Loss: Rs. 3750
Derivative- Option Strategy
AXISBK PE 1350(22.10)	Must Buy At 20—12	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	Trade & hold for 6—10 days for good profits.
AXISBK CE 1450(17.40)	Sell 2 Lots with PE1350
					Max Loss: Rs. 10000

 

Last week’s performance:

Weekly News Letter (Dated 7 – 11 Jan 2013) Performance Report: Maximum Profit/Loss: Rs. 42250.00

SCRIPT	TRADE PRICE	TGT	PROFIT / LOSS	UNIT	NET PROFIT/ LOSS (Rs.)
WELCORP	Must Buy At  105	105	0	2000	Profit Rs. 0.00
YESBANK	Sell C/Fut. At 504	510	-6	1000	Loss Rs. 6000.00
AUROPHA (Fut./Opt)	Must  Sell 206 / 5	187 / 1.50	19 – 3.50 = 15.50	2000	Profit Rs. 31000.0(Super Call)
BAJAJ-AUT(Fut./Opt)	Sell At 2220 / 30	2130 / 12	90 - 18 = 72	125	Profit Rs. 9000.00
AXISBK (Opt strategy)	Buy-Sell At 21 / 18	32 / 7	11 + ( 11* 2) = 33	250	Profit Rs. 8250.00

 

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