Weekly News Letter (Dated 15--19 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: 15 — 18 April 2013
Support & Resistances
NIFTY:
Last Close: 5528.55 (Down 24.70)
Resistance Levels: 5650, 5800, 5950, 6080, 6130
Support Levels: 5500, 5450, 5300, 5150, 5000
SENSEX:
Last Close: 18242.56 (Down 207.67)
Resistance Levels: 18700, 19300, 19800, 20150, 20300
Support Levels: 18150, 18000, 17500, 17000, 16500
Sensex Range This Week: 18000 - 19300 above which it will touch 19800 & Below Target 17300; Good Support closing below 18000.
Market Commentary:
Nifty has crucial support at 5500 closing basis & below this we can see 5300—5250 very soon. Overall weekly 200-dma lies at 5300 & we expect the market to find bottom over there in near term. We were first to point out the downside fall & Nifty target of 5550 and 5300 in December 2012 & advised to sell with stop loss of 6150.
Hot sectors for this week: Banking & IT.
Last week’s profits & Hot in street
Hot picks for this week:
ASIANPAINTS, ITC, HEROMOTOCO, RELINFRA, SAIL, SBIN, IDFC, CAIRN, AXISBNK, DISHTV, SUNPHARMA, DIVISLAB, HEXAWARE etc.
Last week’s profits: PNB – 8.5%
HCLTECH – 9%
BAJAJ-AUTO - Fut. Rs. 10625.00
TATASTEEL - Fut. Rs. 8500.00
IDFC - (Option) Rs. 26000.00
Trading picks for this week:
SCRIP NAME (CMP) | ENTRY LEVEL | TGT1 | TGT2—3 | SL | COMMENTS | ||
Hot picks for this week | |||||||
PNB (714.00) | Must Buy At 710—695 | 740 | 755—770+ | 688 | Good pick among banking sector, keep tight SL. | ||
HCLTECH (776.10) | Sell At 785—800 | 750 | 735—720 | 810 | Trade with strict SL this week result may be bad | ||
Derivative- Future (Strategy for this week) | |||||||
BAJAJ-AUTO (1721.35) | Must Buy At 1710-1680 | 1790 | 1820—1850 | Bel 1660 | Max Profits: Unlimited | Two wheeler auto stock can show good bounce. | |
BAJAJ PE 1700 (31.15) | Buy when you Buy Fut. | Hedging Position | |||||
Max Loss: Rs. 2500 | |||||||
TATASTEEL (300.85) | Buy At 298—292 | 312 | 318—325+ | Bel 288 | Max Profits: Unlimited | Trade with hedge of option for short term. | |
TATASTL PE 290 (4.60) | Buy when you Buy Fut. | Hedging Position | |||||
Max Loss: Rs. 4000 | |||||||
Derivative- Option Strategy | |||||||
IDFC CE 150 (2.20) | Must Buy At 2—1.50 | Options Trading strategy with High Risk- High Gain. | Max Profits: Unlimited | Trade in bulk for good profit keeping SL 137. | |||
IDFC PE 135 (1.40) | Sell 2 Lots with CE 150 | ||||||
Max Loss: Rs. 10000 |
Last week’s performance:
Weekly News Letter (Dated 15 – 19 April 2013) Performance Report: Maximum Profit/Loss: Rs. 110125.00
SCRIPT | TRADE PRICE | TGT | PROFIT / LOSS | UNIT | NET P / L |
PNB | Must Buy At 710 | 770 | 60 | 500 | Profit Rs. 30000.0(Super Call) |
HCLTECH | Sell C/Fut. At 800 | 730 | 70 | 500 | Profit Rs. 35000.0(Super Call) |
BAJAJ-AUT (Fut./Opt) | Must Buy 1711/ 20 | 1811 / 5 | 100 + 15 = 85 | 125 | Profit Rs. 10625.00 |
TATASTL (Fut./Opt) | Buy At 295 / 5 | 304 / 4.50 | 9 - 0.5 = 8.50 | 1000 | Profit Rs. 8500.00 |
IDFC (Opt strategy) | Buy-Sell At 2 / 1.1 | 65 / 0.10 | 11 + ( 1* 2 ) = 13 | 2000 | Profit Rs. 26000.0(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
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