Weekly News Letter (Dated 18--22 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: 18 — 22 March 2013

 

Support & Resistances

NIFTY:

Last Close: 5872.60 (Down 73.10)

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

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

SENSEX:

Last Close:  19427.56 (Down 255.67)

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

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

Sensex Range This Week: 18500 - 20000 above which it will touch 20500 & Below Target 18000; Good Resistance closing above 20000.

 

Market Commentary:

Market will find the trend with the RBI meet this week which is expected to be good. Nifty has crucial resistance at 6000 & support at 5700 for current trend. Traders can buy at dip to 5800—5750 & sell at rise to 6000—6050 for good gain with the swings.

Hot sectors for this week: Banking & IT.

 

Last week’s profits & Hot in street

Hot picks for this week:

TITAN, FINANTECH, CHAMBLFERT, RAYMOND, IDBI, VIJAYABANK, RELINFRA, RPOWER, ASIANPAINTS, JUBLFOOD, HCLTECH etc.

Last week’s profits:        LICHSGFIN – -2%

                                                SESAGOA – -1.5%

                                                RELINFRA - Fut. Rs. 27500.00

                                                TATAMOTORS - Fut. Rs. 5000.00

                                                PNB- (Option) Rs. 0.00

 

Trading picks for this week:

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3	SL	COMMENTS
Hot picks for this week
LICHSGFIN (241.35)	Must Buy At 240—234	252	257—262+	230	Buy at dip for good gain with RBI meet, keep SL
SESAGOA (164.50)	Buy At 163—159	172	175—178+	157	Low risk pick for short term traders, keep hedge
Derivative- Future (Strategy for this week)
RELINFRA (421.40)	Must  Buy At 420—410	440	450—460+	Bel 400	Max Profits: Unlimited	Closely watch all ADAG stocks this week
RELINF PE 420 (12.50)	Buy when you Buy Fut.	Hedging Position
					Max Loss: Rs. 5000
TATAMOTORS (292.8)	Buy At 290—284	305	312—319+	Bel 280	Max Profits: Unlimited	Short covering can be seen, but keep hedging.
TATAMOT PE280 (3.7)	Buy when you Buy Fut.	Hedging Position
					Max Loss: Rs. 5000
Derivative- Option Strategy
PNB CE 800 (20.95)	Must Buy At 19—15	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	Trade in bulk & hold for good gain in this week.
PNB CE 840 (6.90)	Sell 2 Lots with CE 840
					Max Loss: Rs. 10000

 

Last week’s performance:

Weekly News Letter (Dated 18 – 22 March 2013) Performance Report: Maximum Profit/Loss: Rs. 24500.00

SCRIPT	TRADE PRICE	TGT	PROFIT / LOSS	UNIT	NET P / L
LICHSGFIN	Must Buy At  234	230	-4	1000	Loss Rs. 4000.00
SESAGOA	Buy C/Fut. At 159	157	-2	2000	Loss Rs. 4000.00
RELINFRA (Fut./Opt)	Must  Buy 410 / 15	400 / 80	- 10 + 65 = 55	500	Profit Rs. 27500.0(Super Call)
TATAMOT (Fut./Opt)	Buy At 284 / 3.50	280 / 12.50	- 4 + 9 = 5	1000	Profit Rs. 5000.00
PNB (Opt strategy)	Buy-Sell At 15 / 7.5	1 / 0.50	-14 + (7.0 * 2)= 0	250	Profit Rs. 0.00

 

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