Weekly News Letter (Dated 8--12 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: 8 — 12 April 2013

 

Support & Resistances

NIFTY:

Last Close: 5553.25 (Down 129.30)

Resistance Levels:  5800, 5950, 6080, 6130, 6200

Support Levels: 5500, 5420, 5330, 5200, 5050

SENSEX:

Last Close:  18450.23 (Down 385.54)

Resistance Levels:  19300, 19800, 20150, 20300, 20500

Support Levels: 18300, 18000, 17500, 17000, 16500

Sensex Range This Week: 18000 - 19300 above which it will touch 19800 & Below Target 17300; Good Resistance closing above 19300.

 

Market Commentary:

Nifty can find a bottom around 5500 this week but if closes below this level then 5250—5200 will be next crucial supports. We expect market to remain bearish until 5250—5200 is reached but a bounce can be seen up to 5700—5750 before dipping further. Wait for market to settle down.

Hot sectors this week: Cement & Pharma.

 

Last week’s profits & Hot in street

Hot picks for this week:

STER, RIL, RPOWER, VIJAYABANK, IDBI, TATASTEEL, IVRCLINF, TATAMOTORS, LICHSGFIN, WIPRO, SUNPHARMA, HCLTECH etc.

Last week’s profits:        GRASIM – 0%

                                                IDBI – 4%

                                                RELIANCE - Fut. Rs. 2000.00

                                                RELINFRA - Fut. Rs. 11000.00

                                                SBIN - (Option) Rs. 12500.00

 

Trading picks for this week:

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3	SL	COMMENTS
Hot picks for this week
GRASIM (2715.35)	Must Buy At 2700-2650	2825	2880—2940	2620	All cement stock can bounce, buy at every dip.
IDBI (81.65)	Buy At 80.5—79	85	87—89+	78	Low risk pick for traders this week, buy at dips.
Derivative- Future (Strategy for this week)
RELIANCE (781.00)	Must  Buy At 775—760	810	825—840	Bel 750	Max Profits: Unlimited	Good news can be expected this week.
RIL PE 760 (11.55)	Buy when you Buy Fut.	Hedging Position
					Max Loss: Rs. 2500
RELINFRA (332.05)	Buy At 330—323	345	353—360+	Bel 318	Max Profits: Unlimited	Technical bounce can be seen, low risk scrip.
RINFRA PE 320 (11.2)	Buy when you Buy Fut.	Hedging Position
					Max Loss: Rs. 2500
Derivative- Option Strategy
SBIN CE 2050 (66.90)	Must Buy At 60—45	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	Trade in bulk & hold for good gain in this week.
SBIN PE 2000 (31.50)	Sell 2 Lots with CE2050
					Max Loss: Rs. 15000

 

Last week’s performance:

Weekly News Letter (Dated 8 – 12 April 2013) Performance Report: Maximum Profit/Loss: Rs. 37500.00

SCRIPT	TRADE PRICE	TGT	PROFIT / LOSS	UNIT	NET P / L
GRASIM	Must Buy At  2730	2730	0	125	Profit Rs. 0.00
IDBI	Buy C/Fut. At 79	82	3	4000	Profit Rs. 12000.0(Super Call)
RELIANCE (Fut./Opt)	Must  Buy 775 / 7	775 / 15	0 + 8 = 8	250	Profit Rs. 2000.00
RELINFRA (Fut./Opt)	Buy At 323 / 6	353 / 6	22 + 0 = 22	500	Profit Rs. 11000.0(Super Call)
SBIN (Opt strategy)	Buy-Sell At 45 / 60	65 / 20	20+(40*2) =  100	125	Profit Rs. 12500.0(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