Weekly News Letter (Dated 27 -- 31 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: 27 — 31 May 2013

 

Support & Resistances

NIFTY:

Last Close: 5983.55 (Down 203.75)

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

Support Levels: 5900, 5800, 5700, 5630, 5500

SENSEX:

Last Close:  19704.33 (Down 581.79)

Resistance Levels: 20350, 20700, 21000, 21350, 21700

Support Levels: 19350, 19000, 18650, 18150, 17650

Sensex Range This Week: 19300 - 20500 above which it will touch 21000 & Below Target 19000; Good Resistance closing above 20500.

 

Market Commentary:

Nifty will find good support around 5850-5800 this week and expected a bounce from dip. Traders can buy with hedge of options to gain with F&O expiry. This week will be good for option traders with caution. Avoid going short at these levels.

Hot sector for this week: Infra & Pharma.

 

Last week’s profits & Hot in street

Hot picks for this week:

ALBK, RPOWER, RELINFRA, GMRINFRA, BHARTIARTL, SAIL, GSPL, TATACHEM, SUNPHARMA, HINDALCO, ONGC, CIPLA, DRREDDY  etc.

Last week’s profits:        IVRCLINFRA – -3%

                                                HEXAWARE – 5%

                                                RELIANCE - Fut. Rs. 8500.00

                                                TATAPOWER - Fut. Rs. 0.00

                                                RELINF - (Option) Rs. 7250.00

 

Trading picks for this week:

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3	SL	COMMENTS
Hot picks for this week
IVRCLINFRA (18.95)	Must Buy At 18.5—18	20	21—22+	17.50	Buy at dips only for good bounce with F&O exp
HEXAWARE (79.75)	Buy C/Fut. At 79—77	84	87—90+	75	Low risk pick for short term traders, keep SL.
Derivative- Future (Strategy for this week)
RELIANCE (789.00)	Must  Buy At 780—765	820	835—850+	Bel 750	Max Profits: Unlimited	News based buying can be seen, keep hedging.
RIL PE 780 (6.30)	Buy when you Buy Fut.	Hedging Position
					Max Loss: Rs. 3750
TATAPOWER (91.65)	Buy At 91—89	95	97—99+	Bel 88	Max Profits: Unlimited	Good pullback seen in last trading session.
TATAPOW PE90 (0.70)	Buy when you Buy Fut.	Hedging Position
					Max Loss: Rs. 4000
Derivative- Option Strategy
RELINF CE 380 (8.90)	Must Buy At 7—4	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	Trade in bulk for good profit, keeping SL 365.
RELINF PE 360 (4.30)	Sell 2 Lots with CE 380
					Max Loss: Rs. 8000

 

Last week’s performance:

Weekly News Letter (Dated 27 – 31 May 2013) Performance Report: Maximum Profit/Loss: Rs. 19750.00

SCRIPT	TRADE PRICE	TGT	PROFIT / LOSS	UNIT	NET P / L
IVRCLINFRA	Must Buy At  18	17.50	-0.50	8000	Loss Rs. 4000.00
HEXAWARE	Buy Fut. At 79.50	83.50	4	2000	Profit Rs. 8000.00
RELIANCE (Fut./Opt)	Must  Buy 815 / 2	850 / 1	35 – 1 = 34	250	Profit Rs. 8500.00
TATAPOWER (Fut./Opt)	Buy At 91 / 0.30	91 / 0.30	0	4000	Profit Rs. 0.00
RELINF (Opt strategy)	Buy-Sell 6 / 3	15 / 0.25	9+(2*2.75)= 14.5	500	Profit Rs. 7250.00

 

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