Weekly News Letter (Dated 15 -- 19 July 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: 15 — 19 July 2013

 

Support & Resistances

NIFTY:

Last Close: 6009.00 (Up 141.10)

Resistance Levels: 6030, 6180, 6250, 6400, 6500

Support Levels: 5850, 5700, 5630, 5500, 5350

SENSEX:

Last Close:  19958.47 (Up 462.65)

Resistance Levels: 20000, 20500, 20750, 21250, 21600

Support Levels: 19450, 19000, 18650, 18150, 17650

Sensex Range This Week: 19500 - 20500 above which it will touch 21000 & Below Target 19000; Good Resistance closing above 20150.

 

Market Commentary:

Nifty has maximum upside of 100—150 points where as downside of 400—500 points not ruled out in coming days. One should be seller on rise keeping options as hedge for good gain in near term. Our chart shows a fall of 500—700 points in Nifty in near term with hurdle at 6200.

Hot sector this week: Banking & Cement.

 

Last week’s profits & Hot in street

Hot picks for this week:

HINDPETRO, TATASTEEL, DLF, ASHOKLEY, IDBI, IOC, PETRONET, AMBUJACEM, ACC, ULTRACEM, SUNPHARMA, TITAN etc.

Last week’s profits:        ALBK – 0%

                                                HINDPETRO – 60%

                                                YESBANK - Fut. Rs. 38500.00

                                                AMBUJACEM - Fut. Rs. 8000.00

                                                TATASTEEL - (Options) Rs. -400.00

Results for this week:

EXIDEIND, ASHOKLEY, IDBI, HDFCBANK, AXISBANK, KOTAKBANK, TCS,  BAJAJAUTO, BAJAJHOLDING, FEDERALBANK, HDFC, HEXAWARE, HINDZINC, RIL, UCOBANK etc.

 

Trading picks for this week:

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3	SL	COMMENTS
Hot picks for this week
ALBK (90.30)	Must Buy 89—87	95	98—102+	85	Very good pick among mid-cap banking stocks.
HINDPETRO (232.60)	Buy C/Fut. At 230--225	243	250—257	220	Just buy & hold for good gain in this week itself.
Derivative- Future (Strategy for this week)
YESBANK (490.65)	Must  Sell At 495—505	278	285—292	Bel 512	Max Profits: Unlimited	Must sell with hedge of option for high returns.
YESBK CE 500 (11.55)	Buy when you Sell Fut.	Hedging Position
					Max Loss: Rs. 3500
AMBUJACEM (195.95)	Sell At 198—202	495	505—515+	Bel 204	Max Profits: Unlimited	All cement stocks are ready to slide sharply.
AMBUJAC CE 200 (2.6)	Buy when you Sell Fut.	Hedging Position
					Max Loss: Rs. 4000
Derivative- Option Strategy
TATASTL CE 260 (5.7)	Must Buy At 5—3	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	Trade in bulk for very good profits this week.
TATASTL PE 240 (2.8)	Sell 2 Lots with CE 260
					Max Loss: Rs. 10000

 

Last week’s performance:

Weekly News Letter (Dated 15 – 19 July 2013) Performance Report: Maximum Profit/Loss: Rs. 46500.00

SCRIPT	TRADE PRICE	TGT	PROFIT / LOSS	UNIT	NET P / L
ALBK	Must Buy At  87	87	0	2000	Profit Rs. 0.00
HINDPETRO	Buy C/Fut. At 231	231	0	1000	Profit Rs. 00.0
YESBANK (Fut./Opt)	Must  Sell 500 / 10	420 / 3	80  - 3 = 77	500	Profit Rs. 38500.0(Super Call)
AMBUJACE (Fut./Opt)	Sell At 200 / 2	204 / 10	- 4 + 8 = 4	2000	Profit Rs. 8000.00
TATASTL (Opt strategy)	Buy-Sell 5 / 3.5	1.6 / 2	- 3.4+(2*1.5)=0.4	1000	Loss Rs. 400.00

 

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India Stock {A unit of IBN Services, New Delhi} has taken due care and caution in compilation of data for its members. Information has been obtained by the company from sources which it considers reliable. We might not hold any positions in above stocks in Cash/ Derivatives. However, India Stock/ IBN Services does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information. India Stock/ IBN Services especially states that it has no financial liability whatsoever to any user on account of the use of information provided on its News Letters or websites or through any medium (like: messenger/ sms/ group websites etc). You are responsible for your own investment/ trading decisions. India Stock/ IBN Services will not be responsible for any errors or omissions in articles or postings, for hyperlinks embedded in messages, or for any results obtained from the use of such information. India Stock/ IBN Services will not be liable for any loss or damage caused by a reader's reliance on information obtained in our area, or in a hyperlinked area.  All disputes subject to Delhi jurisdiction only. No part of any material may be duplicated in any form and/or distributed without IBN Services prior written consent. By: IBN Services Write to: ibnservices@gmail.caom Visit: http://ibnservices.blogspot.in/ OR http://www.ibnservices.in/ Call: (91) 9899909899