Weekly News Letter (Dated 29 April -- 3 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: 29 April — 3 May 2013

 

Support & Resistances

NIFTY:

Last Close: 5871.45 (Up 88.35)

Resistance Levels: 5950, 6080, 6130, 6200, 6400

Support Levels: 5700, 5630, 5500, 5450, 5300

SENSEX:

Last Close:  19286.72 (Up 270.26)

Resistance Levels: 19650, 20150, 20300, 20500, 21300

Support Levels: 19000, 18650, 18150, 18000, 17500

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

 

Market Commentary:

All eyes will be on RBI meet which is expected to deliver surprise for the street. Any disappointment can show panic selling. Nifty has good support at 5700 & resistance at 6000 for this week to show further movement. Political news can spoil the bulls party this week, be cautious at rise & trade with stop loss or hedging.

Hot sector for this week: Banking & Auto.

 

Last week’s profits & Hot in street

Hot picks for this week:

BANKBARODA, CAIRN, HEROHONDA, IDFC, IRB, PETRONET, INFY, SUNPHARMA, HDFCBANK,  AUROPHARMA, KOTAKBANK etc.

Last week’s profits:        IDFC – 5%

                                                JPASSOCIAT – 5%

                                                MARUTI - Fut. Rs. 10000.00

                                                SUNPHARMA - Fut. Rs. 0.00

                                                BHARTI - (Option) Rs. 10000.00

 

Trading picks for this week:

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3	SL	COMMENTS
Hot picks for this week
IDFC (155.25)	Must Buy At 153—150	162	165—168+	148	Buy at any dip for good upside, Tgt 175+ soon.
JPASSOCIATE (75.05)	Sell At 76—78	71	69—67	79	Low risk trading call for the weekly traders.
Derivative- Future (Strategy for this week)
MARUTI (1682.75)	Must  Sell At 1685-1720	1610	1580—1550	Abv 1740	Max Profits: Unlimited	Profit booking can be seen, sell on rise only.
MARUTI CE1740 (36.5)	Buy when you Sell Fut.	Hedging Position
					Max Loss: Rs. 2500
SUNPHARMA (963.05)	Sell  At 970—990	920	900—880	Abv 1000	Max Profits: Unlimited	Just sell in bulk & hold for downside to 850.
SUNPH CE 980 (21.00)	Buy when you Sell Fut.	Hedging Position
					Max Loss: Rs. 2500
Derivative- Option Strategy
BHARTI PE 320 (13.85)	Must Buy At 12—9	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	Trade in bulk for good profit, keeping SL 340.
BHARTI CE 360 (2.85)	Sell 2 Lots with PE 320
					Max Loss: Rs. 10000

 

Last week’s performance:

Weekly News Letter (Dated 29 Apr – 3 May 2013) Performance Report: Maximum Profit/Loss: Rs. 56000.00

SCRIPT	TRADE PRICE	TGT	PROFIT / LOSS	UNIT	NET P / L
IDFC	Must Buy At  152	159	7	2000	Profit Rs. 20000.0(Super Call)
JPASSOCIATE	Sell C/Fut. At 79	75	4	4000	Profit Rs. 16000.0(Super Call)
MARUTI (Fut./Opt)	Must  Sell 1715/ 25	1675 / 25	40 + 0 = 40	250	Profit Rs. 10000.00
SUNPHARMA (Fut./Opt)	Buy At 970 / 15	985 / 30	- 15 + 15 = 0	250	Profit Rs. 0.00
BHARTI (Opt strategy)	Buy-Sell 12.5 / 3.5	19.5 / 2	7 + ( 1.5*2 ) = 10	1000	Profit Rs. 10000.0(Super Call)

 

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