Weekly News Letter (Dated 4 -- 8 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: 4 — 8 Feb 2013

 

Support & Resistances

NIFTY:

Last Close: 5998.90 (Down 75.75)

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

Support Levels: 5950, 5850, 5700, 5600, 5420, 5330

SENSEX:

Last Close:  19781.19 (Down 322.34)

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

Support Levels: 19650, 19300, 8650, 18300, 18000, 17700

Sensex Range This Week: 19500 - 20300 above which it will touch 21000 & Below Target 19100; Good Support closing below 19500.

 

Market Commentary:

Market can slide down to 5900—5850 this week but a reversal can be seen before budget. Nifty has good support at 5850 for the current rally & strong resistance at 6130. We can see the volatility in many of the stocks due to profit booking from higher levels. Avoid going long at rise.

Hot sectors this week: Cap Good & Bank.

 

Last week’s profits & Hot in street

Hot picks for this week:

COALINDIA, BHARTIARTL, DISHTV, VOLTAS, OPTOCIRCUI, YESBANK, AXISBANK, ONGC, DLF, ITC, SUZLON, SUNTV etc.

Last week’s profits:        RANBAXY– -1%

                                                AXISBANK – 4%

                                                SIEMENS - Fut. Rs. 0.00

                                                DLF - Fut. Rs. 13900.00

                                                BHARTIARTL - (Option) Rs. 0.00

 

Trading picks for this week:

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3	SL	COMMENTS
Hot picks for this week
RANBAXY (448.75)	Must Buy At 445—435	470	480—490+	430	Good scrip for short term bounce to 500—520+
AXISBANK (1509.65)	Sell C/Fut. 1520—1540	1450	1420—1400	1555	Anytime panic selling can be seen, Must sell now
Derivative- Future (Strategy for this week)
SIEMENS (648.25)	Must  Buy At 645—630	675	690—700+	Bel 620	Max Profits: Unlimited	Low risk strategy for short term gain.
SIEMENS PE 640 (11.0)	Buy when you Buy Fut.	Hedging Position
					Max Loss: Rs. 5000
DLF (269.55)	Sell At Rise to 275—280	252	246—240	Abv 284	Max Profits: Unlimited	No room for upside sell on rise for Tgt 240-220.
DLF CE 280 (7.25)	Buy when you Sell Fut.	Hedging Position
					Max Loss: Rs. 4000
Derivative- Option Strategy
BHARTI CE 340 (7.20)	Must Buy At 6—4	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	Trade & hold for 4—7 days for decent gain.
BHARTI PE 300 (2.25)	Sell 2 Lots with CE 340
					Max Loss: Rs. 10000

 

Last week’s performance:

Weekly News Letter (Dated 4 – 8 Feb 2013) Performance Report: Maximum Profit/Loss: Rs. 27650.00

SCRIPT	TRADE PRICE	TGT	PROFIT / LOSS	UNIT	NET PROFIT/ LOSS (Rs.)
RANBAXY	Must Buy At  435	430	-5	500	Loss Rs. 2500.00 (Super Call)
AXISBANK	Sell C/Fut. At 1520	1455	65	250	Profit Rs. 16250.00
SIEMENS (Fut./Opt)	Must  Buy 630 / 15	620 / 25	-10 + 10 = 0	500	Profit Rs. 0.00
DLF (Fut./Opt)	Sell At 279.9 / 5.5	266 / 5.50	13.90 - 0  = 0	1000	Profit Rs. 13900.00
BHARTI (Optstrategy)	Buy-Sell At 4.5 / 2	4.5 / 2	0 + ( 0 * 2) = 0	1000	Loss Rs. 0.00

 

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