Weekly News Letter (Dated 2 Sep -- 6 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: 2 — 6 September 2013

 

Support & Resistances

NIFTY:

Last Close: 5471.80 (Up 0.05)

Resistance Levels: 5600, 5750, 5900, 6080, 6180

Support Levels: 5300, 5200, 5050, 4900, 4800

SENSEX:

Last Close:  18619.72 (Up 100.28)

Resistance Levels: 19100, 19500, 20000, 20650, 21000

Support Levels: 18000, 17650, 17100, 16650, 16300

Sensex Range This Week: 18000 - 19000 above which it will touch 19500 & Below Target 17300; Good support closing below 18000.

 

Market Commentary:

Market will remain weak in coming days too. Traders are advised to remain seller on rise but buy options as hedge. We expect the Nifty to rise max toward 5550-5600 where again a hurdle will be created. Soon Nifty expected to show 5050 & below

Hot sector for this week: Bank & Metal.

 

Last week’s profits & Hot in street

Hot picks for this week:

PNB, IDFC, ULTRACEM, PUNJLLOYD, CAIRN, RCOM, TATAMOTORS, SUNPHARMA, TCS, HCLTECH, SESAGOA, RELIANCE, IDEA etc.

Last week’s profits:        PNB – 10%

                                                HINDPETRO – 15%

                                                CAIRN - Fut. Rs. 10000.00

                                                HCLTECH - Fut. Rs. 15000.00

                                                TCS- (Options) Rs. 15000.00

 

Trading picks for this week:

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3	SL	COMMENTS
Hot picks for this week
PNB (430.05)	Must Buy 422—410	450	460—470+	400	Buy at dips only for good bounce anytime soon.
HINDPETRO (167.75)	Buy C/Fut. At 165—160	175	180—185+	157	Low risk in all Oil-Gas stocks, new based buying
Derivative- Future (Strategy for this week)
CAIRN (323.30)	Must Sell At 328—336	310	303—297	Abv 340	Max Profits: Unlimited	Chart based downside can be seen this week.
CAIRN CE 330 (9.35)	Buy when you Sell Fut.	Hedging Position
					Max Loss: Rs. 4000
HCLTECH (1043.15)	Sell At 1050—1070	1000	980—960	Abv 1080	Max Profits: Unlimited	Low risk pick for good gain, hedge with option
HCLTEC CE 1060 (35.0)	Buy when you Sell Fut.	Hedging Position
					Max Loss: Rs. 5000
Derivative- Option Strategy
TCS PE 2000 (75.00)	Must Buy At 70—55	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	Trade in bulk for very good profits in 1--2 wk.
TCS CE 2100 (44.00)	Sell 2 Lot with PE 2000
					Max Loss: Unlimited

 

Last week’s performance:

Weekly News Letter (Dated 2 – 6 September 2013) Performance Report: Maximum Profit/Loss: Rs. 84000.00

SCRIPT	TRADE PRICE	TGT	PROFIT / LOSS	UNIT	NET Profit / Loss
PNB	Must Buy At  410	450	40	500	Profit Rs. 20000.0(Super Call)
HINDPETRO	Buy C/Fut. At 162	186	24	1000	Profit Rs. 24000.0(Super Call)
CAIRN (Fut./Opt)	Must  Sell 336 / 10	330 / 14	6  + 4 = 10	1000	Profit Rs. 10000.00
HCLTECH (Fut./Opt)	Sell At 1050 / 30	1020 / 30	30 + 0 = 30	500	Profit Rs. 15000.00
TCS (Opt strategy)	Buy-Sell 65 / 50	85 /30	20 + (2 * 20)= 60	250	Profit Rs. 15000.0(Super Call)

 

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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