Weekly News Letter (Dated 24 -- 28 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: 24 — 28 June 2013

 

Support & Resistances

NIFTY:

Last Close: 5667.65 (Down 140.75)

Resistance Levels: 5800, 5950, 6050, 6200, 6300

Support Levels: 5630, 5500, 5350, 5250, 5100

SENSEX:

Last Close:  18774.24 (Down 403.69)

Resistance Levels: 19200, 19700, 20000, 20350, 20700

Support Levels: 18650, 18150, 17650, 17100, 16800

Sensex Range This Week: 18300 - 19500 above which it will touch 20000 & Below Target 1800; Good Support closing below 18000.

 

Market Commentary:

Nifty has major support at 5550—5500 below which panic can arise. Traders can start buying at dips keeping stop loss for bounce to 5800+ soon. The week will be volatile due to rollover & F&O expiry. We expect good bounce only after FnO expiry.

Hot sector this week: Banking & Telecom.

 

Last week’s profits & Hot in street

Hot picks for this week:

BANKINDIA, IDFC, RELINFRA, BHEL, BHARTIARTL, STER, PETRONET, RANBAXY, IDEA, HINDUNILVR, SUNPHARMA etc.

Last week’s profits:        HINDPETRO – 4%

                                                BHEL – 7%

                                                RELCAP - Fut. Rs. 29000.00

                                                HDIL - Fut. Rs. 22400.00

                                                SBIN - (Options) Rs. 3875.00

 

Trading picks for this week:

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3	SL	COMMENTS
Hot picks for this week
HINDPETRO (251.65)	Must Buy At 246—240	259	265—272+	235	All Oil-Gas stocks are near bottom, go long now.
BHEL (170.65)	Buy C/Fut. 168—164	178	183—188+	161	Low risk pick for medium term trader, Tgt 220+
Derivative- Future (Strategy for this week)
RELCAPITAL (320.25)	Must  Buy At 315—308	330	339—348+	Bel 302	Max Profits: Unlimited	News based buying can emerge, buy at dips.
RELCAP PE 320 (6.15)	Buy when you Buy Fut.	Hedging Position
					Max Loss: Rs. 6000
HDIL (32.80)	Buy At 32—31.20	33.50	34.30—35+	Bel 30.50	Max Profits: Unlimited	Short covering can be seen, keep hedging too.
HDIL PE 30 (0.60)	Buy when you Buy Fut.	Hedging Position
					Max Loss: Rs. 2800
Derivative- Option Strategy
SBIN CE 2000 (22.55)	Must Buy At 15—10	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	Trade in bulk for good profit, keeping SL 1940.
SBIN PE 1950 (14.75)	Sell 2 Lots with CE2000
					Max Loss: Rs. 3000

 

Last week’s performance:

Weekly News Letter (Dated 24 – 28 June 2013) Performance Report: Maximum Profit/Loss: Rs. 87275.00

SCRIPT	TRADE PRICE	TGT	PROFIT / LOSS	UNIT	NET P / L
HINDPETRO	Must Buy At  245	255	+10	1000	Profit Rs. 10000.00
BHEL	Buy C/Fut. At 164	175	+11	2000	Profit Rs. 22000.0
RELCAP (Fut./Opt)	Must  Buy 308 / 6	340 / 3	32  - 3 = 29	1000	Profit Rs. 29000.0(Super Call)
HDIL (Fut./Opt)	Buy At 31.20 / 0.50	37.30 / 0.1	6 - 0.40 = 5.60	4000	Profit Rs. 22400.0(Super Call)
SBIN (Opt strategy)	Buy-Sell 10 / 45	1 / 25	-9 + (2 * 20)= 31	125	Profit Rs. 3875.00

 

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