Weekly News Letter (Dated 1--5 April 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: 1 — 5 April 2013

 

Support & Resistances

NIFTY:

Last Close: 5682.55 (Up 31.20)

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

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

SENSEX:

Last Close:  18835.77 (Up 100.17)

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

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

Sensex Range This Week: 18500 - 19500 above which it will touch 20000 & Below Target 18000; Good Support closing below 18500.

 

Market Commentary:

Nifty has given a positive weekly closing which suggest further recovery in this week but one should keep tight stop loss of 5620 closing basis for two consecutive day. We can see a pullback toward 5850 which will act as a good resistance. Market will follow global trend in coming days.

Hot sectors this week: Infra, Bank & IT.

 

Last week’s profits & Hot in street

Hot picks for this week:

HINDALCO, IBREALEST, LICHSGFIN, RCOM, RPOWER, SESAGOA, SINTEX, UCOBANK, RAYMOND, CNXIT, WIPRO, TCS, HCLTECH etc.

Last week’s profits:        HDIL – 17%

                                                IVRCLINFRA – 17%

                                                TATASTEEL - Fut. Rs. 13000.00

                                                FINANTECH - Fut. Rs. 15000.00

                                                RPOWER - (Option) Rs. 14000.00

 

Trading picks for this week:

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3	SL	COMMENTS
Hot picks for this week
HDIL (46.25)	Must Buy At 45—43.5	49	51—53+	42	Highly oversold on chart, expect a bounce soon.
IVRCLINFRA (19.20)	Buy At 19—18.40	20	21—22+	17.80	Good pick among mid-cap infra stocks, Tgt 25+
Derivative- Future (Strategy for this week)
TATASTEEL (313.15)	Must  Buy At 310—302	325	333—340+	Bel 298	Max Profits: Unlimited	Metal stocks are hot & fiery for good bounce.
TATASTL PE 300 (7.75)	Buy when you Buy Fut.	Hedging Position
					Max Loss: Rs. 4000
FINANTECH (717.10)	Buy At 715—700	750	770—790+	Bel 690	Max Profits: Unlimited	Just go long for short term upside to 800+.
FINANTE PE 700 (32.6)	Buy when you Buy Fut.	Hedging Position
					Max Loss: Rs. 2500
Derivative- Option Strategy
RPOWER CE 65 (2.30)	Must Buy At 2—1.50	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	Trade in bulk & hold for good gain in this week.
RPOWER PE 50 (0.60)	Sell 2 Lots with CE 65
					Max Loss: Rs. 10000

 

Last week’s performance:

Weekly News Letter (Dated 1 – 5 April 2013) Performance Report: Maximum Profit/Loss: Rs. 100000.00

SCRIPT	TRADE PRICE	TGT	PROFIT / LOSS	UNIT	NET P / L
HDIL	Must Buy At  46.50	54	7.50	4000	Profit Rs. 30000.0(Super Call)
IVRCLINFRA	Buy C/Fut. At 19.5	23	3.50	8000	Profit Rs. 28000.0(Super Call)
TATASTL (Fut./Opt)	Must  Buy 312 / 6	325 / 6	13 + 0 = 13	1000	Profit Rs. 13000.00
FINANTEC (Fut./Opt)	Buy At 720 / 17	780 / 17	60 + 0 = 60	250	Profit Rs. 15000.00
RPOWER (Opt strategy)	Buy-Sell At 2.5 / 0	6 / 0	3.5+ (0 * 2) = 3.5	4000	Profit Rs. 14000.0(Super Call)

 

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