Weekly News Letter (Dated 21 October -- 25 October 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: 21 — 25 October 2013

 

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Support & Resistances

NIFTY:

Last Close: 6189.35 (Up 93.15)

Resistance Levels: 6240, 6300, 6450, 6500, 6600

Support Levels: 6000, 5800, 5650, 5500, 5350

SENSEX:

Last Close:  20882.89 (Up 354.30)

Resistance Levels: 21100, 21350, 21850, 22000, 22400

Support Levels: 20200, 19600, 19000, 18500, 18000

Sensex Range This Week: 20000 - 21000 above which it will touch 21500 & Below Target 19300; Good Support closing below 20000.

 

Market Commentary:

Nifty will rise toward 6300—6350 where again it will be an opportunity to sell & hold for short term downside to 5950 & below. We again warn that upside is very much limited but downside will be sharp. Every short positions should be hedged with call options to avoid any major loss.

Hot sectors this week: Bank & Telecom.

 

Last week’s profits & Hot in street

Hot picks for this week:

CIPLA, CROMPGREAV, UNITECH, FINANTECH, RPOWER, KTKBANK,  HINDALCO, RANBAXY etc.

Last week’s profits:        CIPLA – 3.5%

                                                WIPRO – 9%

                                                RPOWER - Fut. Rs. 20000.00

                                                BHARTIARTL - Fut. Rs. 15000.00

                                                TATASTEEL - (Options) Rs. 14000.00

 

Trading picks for this week:

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3	SL	COMMENTS
Hot picks for this week
CIPLA (415.70)	Must Buy At 412—405	430	438—447+	400	Good pick among pharma sector, keep tight SL.
WIPRO (510.00)	Sell C/Fut.  515—525	590	580—570	530	Sell on rise only & buy call option as hedging.
Derivative- Future (Strategy for this week)
RPOWER (72.60)	Must Buy At 71.50—70	75	77—79+	Bel 78.50	Max Profits: Unlimited	Low risk pick for weekly traders.
RPOWER PE 70 (0.95)	Buy when you Sell Fut.	Hedging Position
					Max Loss: Rs. 6000
BHARTIARTL (357.0)	Sell At 360—367	345	338—330	Abv 372	Max Profits: Unlimited	Must Trade & hold for downside to 340 soon.
BHARTI CE 360 (7.55)	Buy when you Sell Fut.	Hedging Position
					Max Loss: Rs. 5000
Derivative- Option Strategy
TATASTL PE 330 (9.65)	Must Buy At 7.5—5	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	Trade & hold keeping spot SL 345 for gains.
TATASTL CE 350 (2.90)	Sell 2 Lots with CE 17.5
					Max Loss: Rs. 10000

 

Last week’s performance:

Weekly News Letter (Dated 21 – 25 Oct 2013) Performance Report: Maximum Profit/Loss: Rs. 86500.00

SCRIPT	TRADE PRICE	TGT	PROFIT / LOSS	UNIT	NET Profit / Loss
CIPLA	Must Buy At  410	425	15	1000	Profit Rs. 15000.0(Super Call)
WIPRO	Sell C/Fut. At 515	470	45	500	Profit Rs. 22500.0(Super Call)
RPOWER (Fut./Opt)	Must  Buy 72.5/ 1	78 / 0.50	5.50  - 0.50 = 5	4000	Profit Rs. 20000.0(Super Call)
BHARTIART (Fut./Opt)	Sell At 359.5 / 5	342.5 / 2.5	17.50  - 2.5 = 15	1000	Profit Rs. 15000.0(Super Call)
TATASTL (Opt strategy)	Buy-Sell 5 / 5	10 / 0.50	5 + (2 * 4.5)= 14	1000	Profit Rs. 14000.00

 

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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. This document is not written by any registered advisor. 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