Weekly News Letter (Dated 1 -- 5 July 2013). Visit: http://www.ibnservices.in/ OR http://ibnservices.blogspot.in

Weekly News Letter

Date: 1 — 5 July 2013

 

Support & Resistances

NIFTY:

Last Close: 5842.20 (Up 174.55)

Resistance Levels: 5950, 6050, 6200, 6300, 6400

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

SENSEX:

Last Close:  19395.81 (Up 621.57)

Resistance Levels: 19700, 20000, 20350, 20700, 21000

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

Sensex Range This Week: 19000 - 20000 above which it will touch 20500 & Below Target 18500; Good Support closing below 18500.

 

Market Commentary:

Nifty may further rise toward 5900—5950 but selling pressure will be seen at these levels. Traders can create short keeping stop loss at 6000 closing basis for two consecutive days for downside to 5600 & below in next 1—2 weeks, keep options as hedge with your short positions.

Hot sector this week: Banking & Metals

 

Last week’s profits & Hot in street

Hot picks for this week:

TATAMOTORS, UCOBANK, ALBK, BHEL, BPCL, CHAMBLFERT,  HINDZINC, IVRCLINF, JPASSOC, KTKBANK, NMDC, ORIENTBANK, PFC, RANBAXY, RPOWER, SBIN, SYNDIBANK, TECHM, CIPLA etc.

Last week’s profits:        IDFC – 5%

                                                HINDPETRO – 3%

                                                TATASTEEL - Fut. Rs. 6000.00

                                                RANBAXY- Fut. Rs. 20000.00

                                                UCOBANK - (Options) Rs. 23200.00

 

Trading picks for this week:

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3	SL	COMMENTS
Hot picks for this week
IDFC (128.35)	Must Buy At 127—123	134	138—142+	121	Good scrip for short term traders, but keep SL.
HINDPETRO (253.80)	Buy C/Fut. 252—245	265	272—280+	242	All Oil-Gas stocks are looking hot for bounce.
Derivative- Future (Strategy for this week)
TATASTEEL (267.95)	Must  Buy At 265—259	278	285—292	Bel 255	Max Profits: Unlimited	Low risk-High gain strategy for short term.
TATASTL PE 260 (7.70)	Buy when you Buy Fut.	Hedging Position
					Max Loss: Rs. 4000
RANBAXY (311.45)	Buy At 310—303	325	333—340+	Bel 295	Max Profits: Unlimited	Trade with hedge for good gain very soon.
RANBAXY PE 300(12.0)	Buy when you Buy Fut.	Hedging Position
					Max Loss: Rs. 4000
Derivative- Option Strategy
UCOBANK CE 65 (2.50)	Must Buy At 2.2—1.7	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	Trade in bulk for good profit, keeping SL 57.
UCOBANK PE 55 (1.30)	Sell 2 Lots with CE 65
					Max Loss: Rs. 10000

 

Last week’s performance:

Weekly News Letter (Dated 1 – 5 July 2013) Performance Report: Maximum Profit/Loss: Rs. 69000.00

SCRIPT	TRADE PRICE	TGT	PROFIT / LOSS	UNIT	NET P / L
IDFC	Must Buy At  123.5	130	6.50	2000	Profit Rs. 13000.00
HINDPETRO	Buy C/Fut. At 245	252	7	1000	Profit Rs. 7000.00
TATASTEEL (Fut./Opt)	Must  Buy 262 / 5	262 / 11	0  + 6 = 6	1000	Profit Rs. 6000.00
RANBAXY (Fut./Opt)	Buy At 315 / 0.50	355 / 3	40 - 0 = 40	500	Profit Rs. 20000.0(Super Call)
UCOBK (Opt strategy)	Buy-Sell 1.7 / 1.7	5.5 / 0.70	3.8 + (2 * 1)= 5.8	4000	Profit Rs. 23200.0(Super Call)

 

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