Weekly News Letter (Dated 18 -- 22 Feb 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: 18 — 22 February 2013

 

Support & Resistances

NIFTY:

Last Close: 5887.40 (Down 16.10)

Resistance Levels:  6080, 6130, 6200, 6350, 6500

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

SENSEX:

Last Close:  19468.15 (Down 16.62)

Resistance Levels:  20150, 20300, 20500,  21000, 21500

Support Levels: 19300, 8650, 18300, 18000, 17700, 17300

Sensex Range This Week: 19100 - 20000 above which it will touch 20500 & Below Target 18500; Good Support closing below 19100.

 

Market Commentary:

Nifty has good support at 5800 & below this there will be sharp selling. We expect the market to bounce in next two weeks & show 6050—6100 levels due to good budget expectations. Any bad global news can create bloodbath in the street, trade with hedge only in this volatile market.

Hot sectors this week: R-Group & IT.

 

Last week’s profits & Hot in street

Hot picks for this week:

NMDC, GAIL, GSPL, ALBK, NTPC, RELINFRA, RCOM, RPOWER, UNITECH, IDBI, LT, OFSS, HCLTECH, INFY, SUNPHARMA, TCS etc.

Last week’s profits:        UCOBANK – 5%

                                                RELCAPITAL – 4.5%

                                                TATAPOWER - Fut. Rs. 10000.00

                                                OPTOCIRCUI - Fut. Rs. 10000.00

                                                BHEL - (Option) Rs. 8000.00

 

Trading picks for this week:

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3	SL	COMMENTS
Hot picks for this week
UCOBANK (64.90)	Must Buy At 64—62	67.50	69—71+	60	All mid-cap banking stocks are hot this week.
RELCAPITAL (399.65)	Buy At 395—387	418	425—434	382	Adag stocks can show short covering till budget.
Derivative- Future (Strategy for this week)
TATAPOWER (96.25)	Must  Buy At 96—94	100	102—105+	Bel 92	Max Profits: Unlimited	Good news expected for all power sector.
TATAPOW PE 95 (1.50)	Buy when you Buy Fut.	Hedging Position
					Max Loss: Rs. 8000
OPTOCIRCUI (60.15)	Grab At 60—58	64	66—68+	Bel 56	Max Profits: Unlimited	Trade in bulk with hedge for good gain.
OPTOCIR PE 60 (3.75)	Buy when you Buy Fut.	Hedging Position
					Max Loss: Rs. 4000
Derivative- Option Strategy
BHEL CE 210 (2.95)	Must Buy At 2.50—1.50	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	Trade & hold keeping spot SL at 195 this wk.
BHEL PE 190 (0.90)	Sell 2 Lots with CE 340
					Max Loss: Rs. 5000

 

Last week’s performance:

Weekly News Letter (Dated 18 – 22 Feb 2013) Performance Report: Maximum Profit/Loss: Rs. 58000.00

SCRIPT	TRADE PRICE	TGT	PROFIT / LOSS	UNIT	NET PROFIT/ LOSS (Rs.)
UCOBANK	Must Buy At  64.50	67.50	3	4000	Profit Rs. 12000.00
RELCAPITAL	Buy C/Fut. At 399.5	417.50	18	1000	Profit Rs. 18000.0(Super Call)
TATAPOW (Fut./Opt)	Must  Buy 96 / 1.0	98.6 / 0.90	2.60 – 0.1 = 2.5	4000	Profit Rs. 10000.00
OPTOCIRC (Fut./Opt)	Grab At 58.5 / 2.50	63 / 3.0	4.50 + 0.5 = 5	2000	Profit Rs. 10000.00
BHEL (Optstrategy)	Buy-Sell At 2.5/0.75	5.5 / 0.25	3 + (0.5 * 2) = 4	1000	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