Weekly News Letter (Dated 6 -- 10 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: 6 — 10 May 2013

 

Support & Resistances

NIFTY:

Last Close: 5944.00 (Up 72.55)

Resistance Levels: 6030, 6080, 6130, 6200, 6400

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

SENSEX:

Last Close:  19575.64 (Up 288.92)

Resistance Levels: 19850, 20150, 20300, 20500, 21300

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

Sensex Range This Week: 19100 - 20000 above which it will touch 20500 & Below Target 18500; Good Resistance closing above 20000.

 

Market Commentary:

Market may show profit booking this week. One should sell on rise to 6030—6080 keeping stop loss at 6150 for slide to 5850 & below. Major political news can hamper the bulls mood this week. If Nifty manages to close above 6150 for two consecutive days then we can see 6400+ soon but seems tough again.

Hot sector this wk: Capital Good & Auto.

 

Last week’s profits & Hot in street

Hot picks for this week:

HDIL, PETRONET, IVRCLINFRA, IDFC, TATASTEEL, STER, BHEL, AXISBANK, ALBK, HINDPETRO, DIVISLAB, YESBANK etc.

Last week’s profits:        CROMPTON – 4%

                                                AXISBANK – 4%

                                                WIPRO - Fut. Rs. 4000.00

                                                BHEL - Fut. Rs. 5500.00

                                                RCOM - (Option) Rs. 20000.00

 

Trading picks for this week:

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3	SL	COMMENTS
Hot picks for this week
CROMPTON (94.45)	Must Buy At 94—92	99	102—105	90	Low risk pick for short term upside to 110—120
AXISBANK (1474.05)	Sell Fut. 1480—1510	1410	1380—1350	1525	Profit booking can be seen, short with hedging.
Derivative- Future (Strategy for this week)
WIPRO (354.65)	Must  Buy At 350-343	368	375—383+	Bel 335	Max Profits: Unlimited	All IT stocks can show bounce this week.
WIPRO PE 350 (8.20)	Buy when you Buy Fut.	Hedging Position
					Max Loss: Rs. 4000
BHEL (191.20)	Buy At 190—186	200	204—208+	Bel 183	Max Profits: Unlimited	Highly oversold, soon a good bounce expected.
BHEL PE 190 (6.30)	Buy when you Buy Fut.	Hedging Position
					Max Loss: Rs. 3000
Derivative- Option Strategy
RCOM PE 110 (8.05)	Must Buy At 6.50—5	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	Trade in bulk for good profit, keeping SL 125.
RCOM CE 125 (3.00)	Sell 2 Lots with PE 110
					Max Loss: Unlimited

 

Last week’s performance:

Weekly News Letter (Dated 6 – 10 May 2013) Performance Report: Maximum Profit/Loss: Rs. 52500.00

SCRIPT	TRADE PRICE	TGT	PROFIT / LOSS	UNIT	NET P / L
CROMPTON	Must Buy At  95	99	4	2000	Profit Rs. 8000.00
AXISBANK	Sell C/Fut. At 1510	1450	60	250	Profit Rs. 15000.0(Super Call)
WIPRO (Fut./Opt)	Must  Buy 350 / 6	358 / 6	8 + 0 = 8	500	Profit Rs. 4000.00
BHEL (Fut./Opt)	Buy At 192.5 / 4	198.5 / 3.5	6 – 0.50 = 5.50	1000	Profit Rs. 5500.00
RCOM (Opt strategy)	Buy-Sell 6.5 / 4	7.5 / 2	1 + ( 2 * 2 ) = 5	4000	Profit Rs. 20000.0(Super Call)

 

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