Weekly News Letter (Dated 20 -- 24 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: 20 — 24 May 2013

 

Support & Resistances

NIFTY:

Last Close: 6187.30 (Up 80.05)

Resistance Levels: 6200, 6300, 6400, 6500, 6600

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

SENSEX:

Last Close:  20286.12 (Up 163.80)

Resistance Levels: 20350, 20700, 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:

Market is near to all time high and if manages to close above 6200 mark for two consecutive days then we can see 6400+ in coming days. Major support lies at 6000 mark for current uptrend. Many stocks can show huge short covering this week.

Hot sector this week: Cap. Good & IT.

 

Last week’s profits & Hot in street

Hot picks for this week:

NHPC, CHAMBLFERT, BHEL, CROMPGREAV, DISHTV, CAIRN, HINDUNILVR, DRREDDY, MRF, ZEEL, LUPIN, YESBANK, TITAN etc.

Last week’s profits:        DLF – -1.25%

                                                HINDUNILVR – 0%

                                                FRL - Fut. Rs. 16000.00

                                                OFSS - Fut. Rs. 31250.00

                                                BHEL - (Option) Rs. 5000.00

 

Trading picks for this week:

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3	SL	COMMENTS
Hot picks for this week
DLF (249.45)	Must Buy At 246—240	260	265—270+	237	Low risk pick for short term traders, Tgt 270+
HINDUNILVR (585.85)	Sell Fut. At 590—600	565	555—540	610	Profit booking can be seen in all FMCG stocks.
Derivative- Future (Strategy for this week)
FRL (149.80)	Must  Buy At 147—144	157	160—164+	Bel 142	Max Profits: Unlimited	Take a risk 2 buy at dip with hedge of options.
FRL PE 140 (2.05)	Buy when you Buy Fut.	Hedging Position
					Max Loss: Rs. 4000
OFSS (2427.35)	Buy At 2400—2350	2525	2575—2625	Bel 2320	Max Profits: Unlimited	Technical bounce can be seen, keep tight SL.
…………….(…….)	……………...	Hedging Position
					Max Loss: Rs. 3750
Derivative- Option Strategy
BHEL CE 200 (6.75)	Must Buy At 6—4	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	Trade in bulk for good profit, keeping SL 195.
BHEL PE 190 (1.5)	Sell 2 Lots with CE 210
					Max Loss: Rs. 7000

 

Last week’s performance:

Weekly News Letter (Dated 20 – 24 May 2013) Performance Report: Maximum Profit/Loss: Rs. 49250.00

SCRIPT	TRADE PRICE	TGT	PROFIT / LOSS	UNIT	NET P / L
DLF	Must Buy At  240	237	3	1000	Loss Rs. 3000.00
HINDUNILVR	Sell Fut. At 585	585	0	500	Profit Rs. 0.00
FRL (Fut./Opt)	Must  Buy 144 / 2	142 / 12	-2 + 10 = 8	2000	Profit Rs. 16000.0(Super Call)
OFSS (Fut./Opt)	Buy At 2400	2650	250	125	Profit Rs. 31250.0(Super Call)
BHEL (Opt strategy)	Buy-Sell 6 / 1.4	10 / 0.90	4 + ( 2*0.5 ) = 5	1000	Profit Rs. 5000.00

 

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