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

 

Support & Resistances

NIFTY:

Last Close: 5719.70 (Down 130.60)

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

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

SENSEX:

Last Close:  18918.52 (Down 398.49)

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:

Nifty can slide down toward 5650—550 this week which will act as good support. Any weekly closing below 5550 levels will show further carnage in the street. We expect a recovery in coming days but do not expect market going above 6150 unless closing above 6000 seen this week.

Hot sectors this week: Auto, Metal & IT.

 

Last week’s profits & Hot in street

Hot picks for this week:

HINDALCO, RCOM, RELINFRA, TATASTEEL, SBIN, IDFC, RANBAXY, BHEL, HDIL, CAIRN HCLTECH, INFY, SUNPHARMA, WIPRO etc.

Last week’s profits:        CIPLA – -2%

                                                CENTURYTEX – 4.5%

                                                HINDALCO - Fut. Rs. 16000.00

                                                SBIN - Fut. Rs. 10500.00

                                                IDFC - (Option) Rs. -4875.00

 

Trading picks for this week:

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3	SL	COMMENTS
Hot picks for this week
CIPLA (370.10)	Must Buy At 367—360	385	393—400+	356	Technical bounce can be seen with the market.
CENTURYTEX (326.30)	Buy At 325—318	340	348—355+	314	One should buy at any dip keeping tight stoploss
Derivative- Future (Strategy for this week)
HINDALCO (99.45)	Must  Buy At 99—97	105	108—110+	Bel 95	Max Profits: Unlimited	Good pick for short term traders.
HINDALC PE 95 (2.55)	Buy when you Buy Fut.	Hedging Position
					Max Loss: Rs. 4000
SBIN (2096.55)	Buy At 2090—2060	2180	2210—2250+	Bel 2030	Max Profits: Unlimited	Banking stocks should bounce in this week.
SBIN PE 2050 (45.70)	Buy when you Buy Fut.	Hedging Position
					Max Loss: Rs. 3750
Derivative- Option Strategy
IDFC CE 150 (4.80)	Must Buy At 4.50—3	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	Trade & hold keeping spot SL at 140 this wk.
IDFC PE 130 (1.25)	Sell 2 Lots with CE 150
					Max Loss: Unlimited

 

Last week’s performance:

Weekly News Letter (Dated 4 – 8 March 2013) Performance Report: Maximum Profit/Loss: Rs. 96650.00

SCRIPT	TRADE PRICE	TGT	PROFIT / LOSS	UNIT	Profit Rs. 9000.00(Super
CIPLA	Must Buy At  364	393	29	1000	Profit Rs. 29000.0(Super Call)
CENTURYTEX	Buy C/Fut. At 318	336	18	1000	Profit Rs. 18000.0(Super Call)
HINDALCO (Fut./Opt)	Must  Buy 95 / 2.55	103 / 1.25	8 - 1.30 = 6.70	2000	Profit Rs. 13400.00
SBIN (Fut./Opt)	Buy At 2090 / 37	2220 / 13	130 - 24 = 106	125	Profit Rs. 13250.00
IDFC (Opt strategy)	Buy-Sell At 3.3 / 1.7	13 / 0.30	8.7 + (1.4*2)= 11.5	2000	Profit Rs. 23000.0(Super Call)

 

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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