Weekly News Letter (Dated 9 Sep -- 13 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: 9 — 13 September 2013

 

Support & Resistances

NIFTY:

Last Close: 5680.40 (Up 208.60)                                                                 

Resistance Levels: 5750, 5900, 6080, 6180, 6300

Support Levels: 5500, 5300, 5200, 5050, 4900

SENSEX:

Last Close:  19270.06 (Up 650.34)

Resistance Levels: 19500, 20000, 20650, 21000, 21500

Support Levels: 18500, 17850, 17500, 17000, 16650

Sensex Range This Week: 18500 - 19500 above which it will touch 20000 & Below Target 17750; Good support closing below 18000.

 

Market Commentary:

Nifty will find strong resistance at 5900 closing basis and expected slide toward 5400—5250 again. Traders should remain seller at rise but should be stock specific. The global situation can create panic in the market, better to sell on every rise.

Hot sector this week: Bank & R-Group.

 

Last week’s profits & Hot in street

Hot picks for this week:

IFCI, ALBK, UCOBANK, IOC, ANDHRABANK, RELINFRA, RCOM, CAIRN, HCLTECH, TCS, IDEA, TATAMOTORS, TATASTEEL etc.

Last week’s profits:        BANKINDIA – 16%

                                                CAIRN – 5%

                                                TCS - Fut. Rs. 12500.00

                                                RELINFRA - Fut. Rs. 10000.00

                                                RCOM - (Options) Rs. 16000.00

 

Trading picks for this week:

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3	SL	COMMENTS
Hot picks for this week
BANKINDIA (144.60)	Must Buy At 142—139	149	153—157+	137	One of the best pick among mid-cap banking.
CAIRN (331.60)	Sell C/Fut. At 333—340	318	310—303	345	Profit booking can be seen, must sell on rise only
Derivative- Future (Strategy for this week)
TCS (1978.00)	Must Sell At 1990-2030	1900	1860—1820	Abv 2050	Max Profits: Unlimited	All IT stocks can show further downside now.
TCS CE 2040 (44.55)	Buy when you Sell Fut.	Hedging Position
					Max Loss: Rs. 5000
RELINFRA (368.10)	Sell At 372—380	355	345—335	Abv 385	Max Profits: Unlimited	Adag group stocks can show profit booking.
RELINF CE 380 (15.35)	Buy when you Sell Fut.	Hedging Position
					Max Loss: Rs. 5000
Derivative- Option Strategy
RCOM PE 135 (6.60)	Must Buy At 6—4.50	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	Trade in bulk for very good profits in 1--2 wk.
RCOM CE 150 (4.65)	Sell 2 Lot with PE 135
					Max Loss: Rs. 10000

 

Last week’s performance:

Weekly News Letter (Dated 9 – 13 September 2013) Performance Report: Maximum Profit/Loss: Rs. 79500.00

SCRIPT	TRADE PRICE	TGT	PROFIT / LOSS	UNIT	NET Profit / Loss
BANKINDIA	Must Buy At  148	172	24	1000	Profit Rs. 24000.0(Super Call)
CAIRN	Sell C/Fut. At 335	318	17	1000	Profit Rs. 17000.0(Super Call)
TCS (Fut./Opt)	Must  Sell 2010/45	1950 / 35	60  - 10 = 50	250	Profit Rs. 12500.00
RELINFRA (Fut./Opt)	Sell At 380 / 15	380 / 25	0 + 10 = 10	1000	Profit Rs. 10000.00
RCOM (Opt strategy)	Buy-Sell 4.5 / 6	4.5 / 4	0 + (2 * 2)= 4	4000	Profit Rs. 16000.0(Super Call)

 

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