Weekly News Letter (Dated 5 November -- 8 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: 5 — 8 Nov 2013

 

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Support & Resistances

NIFTY:

Last Close: 6317.35 (Up 172.45)

Resistance Levels: 6400, 6500, 6550, 6700, 6850

Support Levels: 6200, 6050, 5900, 5800, 5650

SENSEX:

Last Close:  21239.36 (Up 555.84)

Resistance Levels: 21500, 21850, 22000, 22500, 23000

Support Levels: 20800, 20300, 19800, 19500, 19000

Sensex Range This Week: 20500 - 21500 above which it will touch 22000 & Below Target 20000; Good Resistance closing above 21500.

 

Market Commentary:

Market sustaining this super gain this week will show further sharp upside in coming days too. But we remain cautious with such one sided rally without any pause. When the pull fro 5150 is straight without any pause then the panic/ fall will be sharper, so be much cautious now.

Hot sectors this week: Textile & Banking.

 

Last week’s profits & Hot in street

Hot picks for this week:

JPASSOCIATE, FRL, WIPRO, CHAMBLFERT,  ICICIBANK, HEXAWARE AUROPHARMA, JSWSTEEL, BANKINDIA, TITAN, SBIN etc.

Last week’s profits:        FRL – 12%

                                                IDBI – 0%

                                                AXISBANK - Fut. Rs. 30000.00

                                                JSWSTEEL - Fut. Rs. 6000.00

                                                AUROPHARMA - (Options) Rs. -4000.00

 

Trading picks for this week:

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3	SL	COMMENTS
Hot picks for this week
FRL (77.00)	Must Buy At 76—74	85	88—91+	72	One of the best pick for short covering, Tgt 100+
IDBI (69.50)	Buy C/Fut.  68.50—67	75	77—79+	65.50	Low risk pick for weekly traders, keep tight SL.
Derivative- Future (Strategy for this week)
AXISBANK (1227.05)	Must Sell At 1235-1260	1175	1153—1130	Abv 1275	Max Profits: Unlimited	Risky traders can take short with hedging.
AXISBK CE 1250 (38.5)	Buy when you Sell Fut.	Hedging Position
					Max Loss: Rs. 3750
JSWSTEEL (871.80)	Sell At 875—890	830	815—800	Abv 900	Max Profits: Unlimited	High Risk High Gain strategy for this week.
JSWSTL CE 880 (27.80)	Buy when you Sell Fut.	Hedging Position
					Max Loss: Rs. 5000
Derivative- Option Strategy
AUROPH PE 230 (6.15)	Must Buy At 6—4	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	Trade & hold keeping spot SL 255 for gains.
AUROPH CE 260 (3.40)	Sell 2 Lots with PE 230
					Max Loss: Rs. 20000

 

Last week’s performance:

Weekly News Letter (Dated 5 – 8 Nov 2013) Performance Report: Maximum Profit/Loss: Rs. 50000.00

SCRIPT	TRADE PRICE	TGT	PROFIT / LOSS	UNIT	NET Profit / Loss
FRL	Must Buy At  76	85	9	2000	Profit Rs. 18000.0(Super Call)
IDBI	Sell C/Fut. At 68	68	0	4000	Profit Rs. 0.00
AXISBANK (Fut./Opt)	Must  Buy 1260/ 25	1130 / 15	130  - 10 = 120	250	Profit Rs. 30000.00
JSWSTEEL (Fut./Opt)	Sell At 880 / 25	868 / 25	12  - 0 = 12	500	Profit Rs. 6000.00
AUROPH (Opt strategy)	Buy-Sell 5.5 / 5.50	3.5 / 5.50	-2 + (2 * 0)= -2	2000	Loss Rs. 4000.00

 

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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