Weekly News Letter (Dated 25--29 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: 25 — 29 March 2013

 

Support & Resistances

NIFTY:

Last Close: 5651.35 (Down 221.25)

Resistance Levels:  5950, 6080, 6130, 6200, 6350

Support Levels: 5630, 5420, 5330, 5200, 5050

SENSEX:

Last Close:  18735.60 (Down 691.96)

Resistance Levels:  19500, 20150, 20300, 20500,  21000

Support Levels: 18650, 17800, 17500, 17000, 16500

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

 

Market Commentary:

We will se a short covering in the market this week. We have lesser days of trading & expiry this week which can show a good bounce due to short covering. Market can find short term bottom around 5630-5500 & one can buy at dips keeping stop loss at 5000 for bounce to 5850—5950 very soon.

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

 

Last week’s profits & Hot in street

Hot picks for this week:

HINDALCO, IOB, PANTALOONR, PNB, RPOWER, SAIL, TATASTEEL, CNXIT, IDEA, TCS, HCLTECH etc.

Last week’s profits:        IVRCLINFRA – 5%

                                                RAYMOND – 9%

                                                IDBI - Fut. Rs. 4000.00

                                                RPOWER - Fut. Rs. 8000.00

                                                RELINFRA - (Option) Rs. 2500.00

 

Trading picks for this week:

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3	SL	COMMENTS
Hot picks for this week
IVRCLINFRA (19.00)	Must Buy At 19—18.40	20	20.50—21+	18	Technical bounce toward 22+ can be seen soon.
RAYMOND (266.65)	Buy At 265—260	278	284—290+	255	All textile stocks can show a bounce this week.
Derivative- Future (Strategy for this week)
IDBI (82.60)	Must  Buy At 82—80	86	88—90+	Bel 78.50	Max Profits: Unlimited	All three bhais are looking hot for rise.
IDBI PE 80 (0.50)	Buy when you Buy Fut.	Hedging Position
					Max Loss: Rs. 6000
RPOWER (62.45)	Buy At 62—60.50	65	66.50—68+	Bel 59	Max Profits: Unlimited	All Adag stocks can show a bounce back.
RPOWER PE 60 (0.85)	Buy when you Buy Fut.	Hedging Position
					Max Loss: Rs. 6000
Derivative- Option Strategy
RELINF CE 340 (12.60)	Must Buy At 11—7	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	Trade in bulk & hold for good gain in this week.
RELINF PE 320 (3.25)	Sell 2 Lots with CE 340
					Max Loss: Rs. 5000

 

Last week’s performance:

Weekly News Letter (Dated 25 – 29 March 2013) Performance Report: Maximum Profit/Loss: Rs. 45500.00

SCRIPT	TRADE PRICE	TGT	PROFIT / LOSS	UNIT	NET P / L
IVRCLINFRA	Must Buy At  18.40	19.40	1	8000	Profit Rs. 8000.00
RAYMOND	Buy C/Fut. At 265	288	23	1000	Profit Rs. 23000.0(Super Call)
IDBI (Fut./Opt)	Must  Buy 80 / 0.50	80 / 1.50	- 0 + 1 = 1.0	4000	Profit Rs. 4000.00
RPOWER (Fut./Opt)	Buy At 60.50 / 0.50	61.5 / 1.50	1 + 1 = 2	4000	Profit Rs. 8000.00
RELINF (Opt strategy)	Buy-Sell At 7 / 6	1 / 0.5	-6 + ( 5.5 * 2)= 5	500	Profit Rs. 2500.00

 

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