Weekly News Letter (Dated 11--15 March 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: 11 — 15 March 2013

 

Support & Resistances

NIFTY:

Last Close: 5945.70 (Up 226.00)

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

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

SENSEX:

Last Close:  19683.23 (Up 764.71)

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

Support Levels: 18750, 18400, 17800, 17500, 17000

Sensex Range This Week: 18500 - 19000 above which it will touch 20000 & Below Target 18000; Good Resistance closing above 19300.

 

Market Commentary:

Market will find major resistance at 6050 & final resistance at 6150 in coming days. All world markets are overbought & need a correction of 20—30% this year and our market too can get affected. The trend may remain up for next 1—2 weeks but avoid aggressive buying now.

Hot sectors for this week: R-Group & IT.

 

Last week’s profits & Hot in street

Hot picks for this week:

CAIRN, ALBK, BHEL, HINDPETRO, PANTALOONR, VIJAYABANK, RPOWER, CHAMBLFERT, CNXIT, TCS, INFY, SUNPHARMA etc.

Last week’s profits:        RENUKA – 5%

                                                IDBI – 0%

                                                RPOWER - Fut. Rs. 800.00

                                                HCLTECH - Fut. Rs. 3000.00

                                                IFCI - (Option) Rs. 8000.00

 

Trading picks for this week:

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3	SL	COMMENTS
Hot picks for this week
RENUKA (25.75)	Must Buy At 25—24.50	27	28—29+	24	Major news this week for sugar sectors, go long.
IDBI (92.75)	Buy At 92.5—90	97	99—102+	88	Mid-cap banking sectors are looking very hot.
Derivative- Future (Strategy for this week)
RPOWER (75.65)	Must  Buy At 75—73	79	81—83+	Bel 71.50	Max Profits: Unlimited	ADAG Stocks can fly this week, Must buy.
RPOWER PE 70 (0.95)	Buy when you Buy Fut.	Hedging Position
					Max Loss: Rs. 6000
HCLTECH (774.95)	Sell At 780—790	740	720—700	Abv 800	Max Profits: Unlimited	No major upside in all IT stock, Go short now.
HCLTECH CE780(17.5)	Buy when you Sell Fut.	Hedging Position
					Max Loss: Rs. 5000
Derivative- Option Strategy
IFCI CE 30 (1.40)	Must Buy At 1.25—1	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	Trade in bulk & hold for good gain in this week.
IFCI PE 25 (0.30)	Sell 2 Lots with CE 30
					Max Loss: Rs. 10000

 

Last week’s performance:

Weekly News Letter (Dated 11 – 15 March 2013) Performance Report: Maximum Profit/Loss: Rs. 30200.00

SCRIPT	TRADE PRICE	TGT	PROFIT / LOSS	UNIT	NET P / L
RENUKA	Must Buy At  26.10	27.50	1.40	8000	Profit Rs. 11200.0(Super Call)
IDBI	Buy C/Fut. At 90	90	0	4000	Profit Rs. 0.00
RPOWER (Fut./Opt)	Must  Buy 74 / 70	76 / 0.70	2 - 0.0 = 2	4000	Profit Rs. 8000.00
HCLTECH (Fut./Opt)	Buy At 785 / 17	794 / 32	- 9 + 15 = 6	500	Profit Rs. 3000.00
IFCI (Opt strategy)	Buy-Sell At 1 / 0.60	1 / 0.10	0 + (0.50 * 2)= 1	8000	Profit Rs. 8000.00

 

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