Weekly News Letter (Dated 16 Sep -- 20 Sep 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: 16 — 20 September 2013

 

Support & Resistances

NIFTY:

Last Close: 5850.60 (Up 170.20)

Resistance Levels: 5900, 6080, 6180, 6300, 6450

Support Levels: 5650, 5500, 5300, 5200, 5050

SENSEX:

Last Close:  19732.76 (Up 462.70)

Resistance Levels: 20000, 20650, 21000, 21500, 22000

Support Levels: 19000, 18500, 17850, 17500, 17000

Sensex Range This Week: 19000 - 20300 above which it will touch 20800 & Below Target 18500; Good resistance closing above 20000.

 

Market Commentary:

Traders should go short at any rise to 5950—6000 levels as market has given a sharp reversal & require some profit booking. Market will show sharp swings in coming days too & this is time for traders to trade both side for good gain.

Hot sector this week: Banking & Auto.

 

Last week’s profits & Hot in street

Hot picks for this week:

VIJAYABANK, HINDPETRO, YESBANK, ABB, AMBUJACEM, CIPLA, GMRINFRA, HCLTECH, HDFC, HINDZINC, NMDC, TATASTEEL etc.

Last week’s profits:        IDBI – 11.5%

                                                BHEL – 10%

                                                GODREJIND - Fut. Rs. 13000.00

                                                ARVIND - Fut. Rs. 20000.00

                                                TCS - (Options) Rs. 10000.00

 

Trading picks for this week:

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3	SL	COMMENTS
Hot picks for this week
IDBI (59.70)	Must Buy At 58.5—57	62	64—66+	56	Low risk pick for short term traders, Tgt 70+
BHEL (142.85)	Sell C/Fut. At 144—148	136	133—130	150	Stock is near its resis at 145, sell on rise only.
Derivative- Future (Strategy for this week)
GODREJIND (291.70)	Must Sell At 294—300	280	272—265	Abv 305	Max Profits: Unlimited	Stock will face tough resistance at 300 levels.
GODREJ CE 300 (6.35)	Buy when you Sell Fut.	Hedging Position
					Max Loss: Rs. 5000
ARVIND (84.65)	Sell At 85—87	81	79—77	Abv 88	Max Profits: Unlimited	Trade with hedge of option for good gain.
ARVIND CE 85 (2.80)	Buy when you Sell Fut.	Hedging Position
					Max Loss: Rs. 6000
Derivative- Option Strategy
TCS PE 1900 (33.00)	Must Buy At 30—20	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	Trade in bulk for very good profits very soon.
TCS CE 2100 (18.00)	Sell 2 Lot with PE 1900
					Max Loss: Rs. 15000

 

Last week’s performance:

Weekly News Letter (Dated 16 – 20 September 2013) Performance Report: Maximum Profit/Loss: Rs.101000.0

SCRIPT	TRADE PRICE	TGT	PROFIT / LOSS	UNIT	NET Profit / Loss
IDBI	Must Buy At  58.50	65.50	7	4000	Profit Rs. 28000.0(Super Call)
BHEL	Sell C/Fut. At 145	130	15	2000	Profit Rs. 30000.0(Super Call)
GODREJIND (Fut./Opt)	Must  Sell 296/ 5	281 / 3	15  - 2 = 13	1000	Profit Rs. 13000.00
ARVIND (Fut./Opt)	Sell At 85.50 / 2	80.50 / 2	5 + 0 = 5	4000	Profit Rs. 20000.0(Super Call)
TCS (Opt strategy)	Buy-Sell 30 / 15	50 / 5	20 + (2 * 10)= 40	250	Profit Rs. 10000.0(Super Call)

 

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