Weekly News Letter (Dated 22--26 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: 22 — 26 April 2013

 

Support & Resistances

NIFTY:

Last Close: 5783.10 (Up 254.55)

Resistance Levels: 5850, 5950, 6080, 6130, 6200

Support Levels: 5630, 5500, 5450, 5300, 5150

SENSEX:

Last Close:  19016.46 (Up 773.90)

Resistance Levels: 19300, 19650, 20150, 20300, 20500

Support Levels: 18650, 18150, 18000, 17500, 17000

Sensex Range This Week: 18500 - 19300 above which it will touch 20000 & Below Target 18000; Good Resistance closing above 19300.

 

Market Commentary:

Nifty will find hurdle at 5850 this week and if manages to close above this then we can 6000—6150 soon. Market will remain volatile due to F&O expiry and political news. We remain positive for coming days due to good news from govt agencies. One should remain cautiously long for upside toward 6000+ in 2—4 weeks with SL 5500.

Hot sector for this week: Bank & Pharma.

 

Last week’s profits & Hot in street

Hot picks for this week:

CENTURYTEX, WIPRO, INFY, TATASTEEL, HINDZIC, BHEL RELIANCE, RELINFRA, IOB, ANDHRABANK, ONGC, BPCL, DLF etc.

Last week’s profits:        IDBI – 6%

                                                SUNPHARMA – -1%

                                                STER - Fut. Rs. 16000.00

                                                VIJAYABK - Fut. Rs. 9400.00

                                                INFY - (Option) Rs. 3625.00

 

Trading picks for this week:

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3	SL	COMMENTS
Hot picks for this week
IDBI (86.25)	Must Buy At 85—83	90	92—94+	81.50	Go long at dip keeping tight SL for good upside.
SUNPHARMA (916.05)	Sell At 925—940	880	865—850	950	Short future & hold for good downside soon.
Derivative- Future (Strategy for this week)
STER (89.20)	Must  Buy At 88—86	93	95—97+	Bel 85	Max Profits: Unlimited	All metal stocks can show short covering.
STER PE 87.50 (1.25)	Buy when you Buy Fut.	Hedging Position
					Max Loss: Rs. 2500
VIJAYABANK (51.30)	Buy At 50.50—49.50	53	54—55+	Bel 48.50	Max Profits: Unlimited	Go long in mid-cap banking stocks this wk.
VIJBNK PE 50 (0.35)	Buy when you Buy Fut.	Hedging Position
					Max Loss: Rs. 4000
Derivative- Option Strategy
INFY CE 2300 (26.80)	Must Buy At 20—10	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	Trade in bulk for good profit keeping SL 2220.
INFY PE 2200 (5.15)	Sell 2 Lots with CE2300
					Max Loss: Rs. 2500

 

Last week’s performance:

Weekly News Letter (Dated 22 – 26 April 2013) Performance Report: Maximum Profit/Loss: Rs. 44025.00

SCRIPT	TRADE PRICE	TGT	PROFIT / LOSS	UNIT	NET P / L
IDBI	Must Buy At  86	91	5	4000	Profit Rs. 20000.0(Super Call)
SUNPHARMA	Sell C/Fut. At 940	950	-10	500	Loss Rs. 5000.00
STER (Fut./Opt)	Must  Buy 88 / 0.60	92.50 / 0.1	4.50 + 0.5 = 4	4000	Profit Rs. 16000.0(Super Call)
VIJAYABK (Fut./Opt)	Buy At 52 / 0.20	54.5 / 0.05	2.50 - 0.15 = 2.35	4000	Profit Rs. 9400.00
INFY (Opt strategy)	Buy-Sell At 10 / 20	1 / 1	-9 + ( 19*2 ) = 29	125	Profit Rs. 3625.00

 

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