Weekly News Letter (Dated 28 October -- 1 November 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: 28 Oct — 1 Nov 2013

 

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Support & Resistances

NIFTY:

Last Close: 6144.90 (Up 44.45)

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

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

SENSEX:

Last Close:  20683.52 (Down 199.37)

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:

RBI meeting will decide the trend for next coming days but Nifty do not show very sharp upside. Nifty has hurdle at 6240 for further upside to 6400 and if breaks below 6050 & closes for two consecutive days then we can see a trend reversal & possible downside to 5800-5600 very soon.

Hot sectors this week: Bank & Pharma.

 

Last week’s profits & Hot in street

Hot picks for this week:

IFCI, HINDUNILVR, IDEA, PFC, PNB, TCS, SBIN, ALBK,  ADANIENT, PTC, MCDOWELL-N, GAIL, TATACHEM, ASHOKLEY etc.

Last week’s profits:        PNB – 20%

                                                JSWSTEEL – 3%

                                                GAIL - Fut. Rs. 12000.00

                                                AUROPHARMA - Fut. Rs. 20000.00

                                                RELCAPITAL - (Options) Rs. 10000.00

 

Trading picks for this week:

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3	SL	COMMENTS
Hot picks for this week
PNB (496.65)	Must Buy At 495—485	520	530—540+	480	Trade with strict SL for possible sharp moves.
JSWSTEEL (850.40)	Sell C/Fut.  855—870	815	800—785	880	Metals stocks are near top, sell with hedging.
Derivative- Future (Strategy for this week)
GAIL (344.45)	Must Sell At 347—354	330	323—316	Abv 358	Max Profits: Unlimited	All Oil-Gas stocks can show profit booking.
GAIL CE 350 (3.55)	Buy when you Sell Fut.	Hedging Position
					Max Loss: Rs. 4000
AUROPHARMA (216.0)	Sell At 218—222	210	206—220	Abv 224	Max Profits: Unlimited	Just short with hedge of option for good gain.
AUROPH CE 220 (2.70)	Buy when you Sell Fut.	Hedging Position
					Max Loss: Rs. 4000
Derivative- Option Strategy
RELCAP PE 350 (6.45)	Must Buy At 5—3	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	Trade & hold keeping spot SL 370 for gains.
RELCAP CE 370 (1.75)	Sell 2 Lots with PE 350
					Max Loss: Rs. 5000

 

Last week’s performance:

Weekly News Letter (Dated 28 Oct – 1 Nov 2013) Performance Report: Maximum Profit/Loss: Rs. 104500.00

SCRIPT	TRADE PRICE	TGT	PROFIT / LOSS	UNIT	NET Profit / Loss
PNB	Must Buy At  485	585	100	500	Profit Rs. 50000.0(Super Call)
JSWSTEEL	Sell C/Fut. At 870	845	25	500	Profit Rs. 12500.00
GAIL (Fut./Opt)	Must  Buy 352/ 2	340 / 2	12  - 0 = 12	1000	Profit Rs. 12000.00
AUROPHAR (Fut./Opt)	Sell At 218 / 2	207 / 1	11  - 1 = 10	2000	Profit Rs. 20000.0(Super Call)
RELCAP (Opt strategy)	Buy-Sell 5 / 2.50	11 / 0.50	6 + (2 * 2)= 10	1000	Profit Rs. 10000.00

 

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Disclaimer

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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