Weekly News Letter (Dated 8 -- 12 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: 8 — 12 July 2013

 

Support & Resistances

Last Close: 5867.90 (Up 25.70)

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

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

SENSEX:

Last Close:  19495.82 (Up 100.01)

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:

Not much upside left in the market & Nifty will show downside toward 5700-5600 in coming days. One can sell on rise toward 5900—5950 keeping strict stop loss at 6030 for free fall in the market. Traders are advised to buy options as hedge for good profits in coming days.

Hot sector this week: Banking & Auto.

 

Last week’s profits & Hot in street

Hot picks for this week:

BANKINDIA, FEDERALBK, IDFC, JSWSTEEL, TATASTEEL, IDEA, AUROPHARMA, SUNPHARMA, TATAMOTORS, BAJAJ-AUTO, CESC, CIPLA, MARUTI, BHARTIARTL etc.

Last week’s profits:        SBIN – 4%

                                                MARUTI – 6.5%

                                                RCOM - Fut. Rs. 24000.00

                                                INDUSINDBK - Fut. Rs. 21500.00

                                                INFY - (Options) Rs. 20000.00

 

Trading picks for this week:

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3	SL	COMMENTS
Hot picks for this week
SBIN (1894.45)	Must Buy 1865—1830	1950	1990—2030	1800	All banking stocks are oversold, go long at dips.
MARUTI (1554.55)	Sell Fut. At 1570—1600	1500	1470—1440	1620	Auto stocks can show downside this wk, keep SL
Derivative- Future (Strategy for this week)
RCOM (135.10)	Must  Sell At 137—140	278	285—292	Bel 141.5	Max Profits: Unlimited	All Telecom stocks are weak on chart this wk.
RCOM CE 140 (6.10)	Buy when you Buy Fut.	Hedging Position
					Max Loss: Rs. 4000
INDUSINDBK (476.55)	Buy At 470—460	495	505—515+	Bel 450	Max Profits: Unlimited	One should go long with option as hedge.
INDUSBK PE 470 (17.9)	Buy when you Buy Fut.	Hedging Position
					Max Loss: Rs. 5000
Derivative- Option Strategy
INFY CE 2500 (125.20)	Must Buy At 110—90	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	Trade in bulk for very good profits this week.
INFY PE 2400 (108.45)	Buy 1 Lot with CE2500
					Max Loss: Rs. 10000

 

Last week’s performance:

Weekly News Letter (Dated 8 – 12 July 2013) Performance Report: Maximum Profit/Loss: Rs. 99250.00

SCRIPT	TRADE PRICE	TGT	PROFIT / LOSS	UNIT	NET P / L
SBIN	Must Buy At  1850	1920	70	125	Profit Rs. 8750.00
MARUTI	Buy C/Fut. At 1550	1450	100	250	Profit Rs. 25000.0(Super Call)
RCOM (Fut./Opt)	Must  Buy 145 / 8	139 / 8	6  + 0 = 0	4000	Profit Rs. 24000.0(Super Call)
INDUSINDBK (Fut./Opt)	Buy At 470 / 12	515 / 10	45 - 2 = 43	500	Profit Rs. 21500.0(Super Call)
INFY (Opt strategy)	Buy-Sell 130 / 100	380 / 10	250 – 90 = 160	125	Profit Rs. 20000.0(Super Call)

 

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