Weekly News Letter (Dated 29 Jul -- 2 Aug 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: 29 Jul — 2 Aug 2013

 

Support & Resistances

NIFTY:

Last Close: 5886.20 (Down 143.00)

Resistance Levels: 6080, 6180, 6250, 6400, 6500

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

SENSEX:

Last Close:  19748.19 (Down 401.66)

Resistance Levels: 20300, 20650, 20900, 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 support closing below 19500.

 

Market Commentary:

Market is expected show further down side to 5600—5500 in next 1—2 weeks. RBI meeting will decide the trend of the market for coming days. No surprise expected from RBI though some rate changes can be announced. Banking stocks can show a quick bounce this week.

Hot sector for this week: Banking & IT.

 

Last week’s profits & Hot in street

Hot picks for this week:

BANKINDIA, JPASSOCIATE, ALBK, ASHOKLEY, CANBK, LICHSGFIN, BAJAJ-AUTO, HEROMOTOCO, CNXIT, IDEA, INFY, TECHM, TCS etc.

Last week’s profits:        JPASSICIAT – -2.5%

                                                ALBK – -1.5%

                                                TECHM - Fut. Rs. 17500.00

                                                LICHSGFIN - Fut. Rs. 9000.00

                                                INFY - (Options) Rs. -1875

Results for this week:

DENABANK, ALBK, IDFC, ARVIND, COLPAL, INDIANBK, JPASSO, RELCAPITAL, SESAGOA, SYNDICATEBANK, VIJAYBANK, DRREDDY, FINANTECH, HAVELLS, IFCI, JSWSTEEL, NTPC, PANTALOONR, PETRONET, JINDALSTEL, RELINFRA, ANDHRABNK, BHARTIARTL, CHAMBLFERT, HCLTECHTECH, JUBLFOOD, ICICIBANK, JSWSTEEL, KTK BANK, TATAGLOBAL, UNITEDSPRITS, RPOWER etc.

 

 

Trading picks for this week:

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3	SL	COMMENTS
Hot picks for this week
JPASSOCIAT (41.75)	Must Buy 41—40	43.50	44.50—46+	39	A gem among mid-cap sector, go long Tgt 70+
ALBK (75.80)	Buy C/Fut. At 75—73	80	82—84+	72	One of the best pick among mid-cap banking.
Derivative- Future (Strategy for this week)
TECHM (1233.00)	Must Sell At 1240-1265	1190	1165—1140	Abv 1280	Max Profits: Unlimited	One must sell mid-cap all IT stocks & hold.
TECHM CE 1260 (42.8)	Buy when you Sell Fut.	Hedging Position
					Max Loss: Rs. 3750
LICHSGFIN (191.20)	Buy At 190—186	200	205—210	Bel 183	Max Profits: Unlimited	Stk expected to bounce with RBI news, go long.
LICHSG PE 180 (6.85)	Buy when you Sell Fut.	Hedging Position
					Max Loss: Rs. 3000
Derivative- Option Strategy
INFY PE 2900 (66.60)	Must Buy At 60—40	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	Trade in bulk for very good profits in 1—2 wk.
INFY CE 3100 (24.25)	Sell 2 Lot with CE 2900
					Max Loss: Rs. 10000

 

Last week’s performance:

Weekly News Letter (Dated 29 July – 2 Aug 2013) Performance Report: Maximum Profit/Loss: Rs. 15500.00

SCRIPT	TRADE PRICE	TGT	PROFIT / LOSS	UNIT	NET P / L
JPASSOCIAT	Must Buy At  40	39	-1	4000	Loss Rs. 4000.00
ALBK	Buy C/Fut. At  73	72	-1	2000	Loss Rs. 2000.00
TECHM (Fut./Opt)	Must  Sell 1260/ 46	1210 / 66	50  + 20 = 70	250	Profit Rs. 17500.0(Super Call)
LICHSGFIN(Fut./Opt)	Buy At 186 / 9	183/ 21	3+ 12 = 9	1000	Profit Rs. 9000.00
INFY (Opt strategy)	Buy-Sell 50/ 35	35/ 35	15 + ( 2 * 0 )= 15	125	Loss Rs. 1875.00

 

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