Weekly News Letter (Dated 17 -- 21 June 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: 17 — 21 June 2013

 

Support & Resistances

NIFTY:

Last Close: 5808.40 (Down 72.60)

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

Support Levels: 5800, 5700, 5630, 5500, 5350

SENSEX:

Last Close:  19177.93 (Down 251.30)

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

Support Levels: 19000, 18650, 18150, 17650, 17100

Sensex Range This Week: 19000 - 20000 above which it will touch 20500 & Below Target 18300; Good Resistance closing above 20500.

 

Market Commentary:

Market can show a bounce along with other global markets. Traders should go long in selective stocks for good bounce in coming days. Nifty has good weekly support at 5800 closing basis & resistance at 5950 for further sharp movements.

Hot sector this week: Banking & Telecom.

 

Last week’s profits & Hot in street

Hot picks for this week:

BHEL, LT, STER, RELCAPITAL, RELIANCE, BANKBARODA, IDBI, AXISBANK, JUBLFOOD, LUPIN, IDEA etc.

Last week’s profits:        RELINFRA – -1%

                                                SBIN – 0%

                                                MARUTI - Fut. Rs. 10000.00

                                                BANKNIFTY - Fut. Rs. -1775.00

                                                NIFTY - (Options) Rs. -2600.00

Trading picks for this week:

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3	SL	COMMENTS
Hot picks for this week
RELINFRA (357.35)	Must Buy At 350—342	368	379—390	335	All ADAG stock are looking hot for good bounce
SBIN (2046.25)	Buy C/Fut. 2020—1970	2140	2170—2220	1940	Keep an eye on all PSU banks this week for gain.
Derivative- Future (Strategy for this week)
MARUTI (1518.15)	Must  Buy At 1510-1480	1580	1610—1640+	Bel 1460	Max Profits: Unlimited	Auto stocks are looking hot for bounce back.
MARUTI PE 1500 (29.5)	Buy when you Buy Fut.	Hedging Position
					Max Loss: Rs. 5000
BANKNIFTY (11931.80)	Buy At 11800—11600	12400	12650-12900	Bel11400	Max Profits: Unlimited	News based buying can be seen, keep hedging.
BANKN PE 11500 (91.2)	Buy when you Buy Fut.	Hedging Position
					Max Loss: Rs. 5000
Derivative- Option Strategy
NIFTY CE 5800 (76.95)	Must Buy At 70—50	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	Trade in bulk for good profit, keeping SL 5750.
NIFTY PE 5600 (17.65)	Sell 2 Lots with CE5800
					Max Loss: Rs. 5000

 

Last week’s performance:

Weekly News Letter (Dated 17 – 21 June 2013) Performance Report: Maximum Profit/Loss: Rs. 4125.00

SCRIPT	TRADE PRICE	TGT	PROFIT / LOSS	UNIT	NET P / L
RELINFRA	Must Buy At  350	347	-3	500	Loss Rs. 1500.00
SBIN	Buy C/Fut. At 2000	2000	0	125	Loss Rs. 0.00
MARUTI (Fut./Opt)	Must  Buy 1510/ 20	1550 / 20	40  + 0 = 40	250	Profit Rs. 10000.00
BANKNIFTY (Fut./Opt)	Buy At 11750 / 51	11430/330	- 320 + 249 = -71	25	Loss Rs. 1775.00
NIFTY (Opt strategy)	Buy-Sell 60 / 22	12 / 24	-48 + (2 * -2)= 52	50	Loss Rs. 2600.00

 

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