Weekly News Letter (Dated 13 -- 17 May 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: 13 — 17 May 2013

 

Support & Resistances

NIFTY:

Last Close: 6107.25 (Up 163.25)

Resistance Levels: 6130, 6200, 6400, 6500, 6600

Support Levels: 6000, 5900, 5800, 5700, 5630

SENSEX:

Last Close:  20122.32 (Up 546.68)

Resistance Levels: 20150, 20350, 21000, 21350, 21700

Support Levels: 19700, 19350, 19000, 18650, 18150

Sensex Range This Week: 19700 - 20500 above which it will touch 21000 & Below Target 19300; Good Support closing below 19700.

 

Market Commentary:

Nifty ia near major resistance of 6150 above which it will open doors for 6400+ in coming days. If Nifty manages to close above 6150 this week then bulls will be aggressive to show 6400 very soon. Trader should remain long but with hedge of options as market looks overbought.

Hot sector this week: Infra & Auto, IT.

 

Last week’s profits & Hot in street

Hot picks for this week:

SBIN, HINDALCO, TATASTEEL, RELINFRA, ASHOKLEY, RENUKA, LT, AXISBNAK, RCOM, LUPIN, SUNPHARMA, MRF, UNIPHOS, TCS etc.

Last week’s profits:        IVRCLINFRA – 16%

                                                CHAMBLFERT – 4%

                                                TATAPOWER - Fut. Rs. 4000.00

                                                YESBANK- Fut. Rs. 5000.00

                                                SBIN - (Option) Rs. 8625.00

 

Trading picks for this week:

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3	SL	COMMENTS
Hot picks for this week
IVRCLINFRA (20.00)	Must Buy At 19.6-19.1	21	21.50—22+	18.75	Anytime a it can catch fire, soon Tgt 24—25+
CHAMBLFERT (48.35)	Buy Cash/ Fut. 48—47	50	51.50—53+	46	Just go long for good upside in coming days.
Derivative- Future (Strategy for this week)
TATAPOWER (94.80)	Must  Buy At 94—92	100	102—105+	Bel 90.50	Max Profits: Unlimited	Short covering can be seen, buy at dips only.
…………….  (….)	……………..	Hedging Position
					Max Loss: Rs. 6000
YESBANK (509.10)	Sell At 515—525	585	575—565	Abv 535	Max Profits: Unlimited	Good pick for short sell, soon Tgt 450--430.
YESBK CE 520 (10.05)	Buy when you Sell Fut.	Hedging Position
					Max Loss: Rs. 5000
Derivative- Option Strategy
SBIN CE 2300 (73.55)	Must Buy At 65—50	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	Trade in bulk for good profit, keeping SL 2450.
SBIN CE 2500 (16.45)	Sell 2 Lots with CE2300
					Max Loss: Rs. 10000

 

Last week’s performance:

Weekly News Letter (Dated 13 – 17 May 2013) Performance Report: Maximum Profit/Loss: Rs. 51225.00

SCRIPT	TRADE PRICE	TGT	PROFIT / LOSS	UNIT	NET P / L
IVRCLINFRA	Must Buy At  19.20	22.40	3.20	8000	Profit Rs. 25600.0(Super Call)
CHAMBLFERT	Buy C/Fut. At 46.5	48.50	2	4000	Profit Rs. 8000.00
TATAPOWER (Fut./Opt)	Must  Buy 92.5 / 6	95 / 6	2.50 + 0 = 8	4000	Profit Rs. 4000.00
YESBANK (Fut./Opt)	Buy At 525 / 6	535 / 26	– 10 + 20 = 10	500	Profit Rs. 5000.00
SBIN (Opt strategy)	Buy-Sell 55 / 17	130 / 20	75+( 2 * -3 ) = 69	125	Profit Rs. 8625.00

 

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