Weekly News Letter (Dated 16 -- 20 December 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: 16 — 20 Dec 2013

 

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Support & Resistances

 

NIFTY:

Last Close: 6168.40 (Down 91.50)

Resistance Levels: 6280, 6400, 6500, 6550, 6700

Support Levels: 5900, 5800, 5650, 5500, 5350

SENSEX:

 

Last Close:  20715.58 (Down 280.95)

Resistance Levels: 21000, 21500, 21850, 22000, 22500

Support Levels: 19800, 19500, 19000, 18500, 18000

Sensex Range This Week: 20000 - 21100 above which it will touch 21500 & Below Target 19300; Good Support closing below 20000.

 

Market Commentary:

All eyes will be on RBI meeting this week which will give direction to the market for next few days. Any bounce in Nifty toward 6300+ levels will be a good selling opportunity again keeping tight stop loss at 6400 closing basis. Nifty might come down below 6000 levels very soon.

Hot sectors for this week: Bank & IT.

 

Last week’s profits & Hot in street

Hot picks for this week:

DLF, ASHOKLEY, RPOWER, HDIL, INDIACEMENT, MRF, DISHTV, CHAMBLFERT, JUBLFOOD, SIEMENS, UNIPHOS, SSLT  etc.

Last week’s profits:        ASHOKLEY – 4%

                                                CESC – 3%

                                                BANKNIFTY - Fut. Rs. 11750.00

                                                WIPRO - Fut. Rs. 3500.00

                                                SBIN - (Options) Rs. 4250.00

 

Trading picks for this week:

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3	SL	COMMENTS
Hot picks for this week
ASHOKLEY (16.25)	Must Buy At 16—15.50	17	17.50—18+	15	Buy in bulk for short term upside to 20—22 soon
CESC (420.05)	Sell Fut.  At 425—434	405	396—389	440	Any rise will be good selling opportunity this wk
Derivative- Future (Strategy for this week)
BANKNIFTY (11429.10)	Must Buy 11300—11000	11800	12000-12300	Bel 1080	Max Profits: Unlimited	Index can bounce with RBI good news this wk.
BANKNI PE11000 (101)	Buy when you Buy Fut.	Hedging Position
					Max Loss: Rs. 5000
WIPRO (521.35)	Sell At 525—536	500	490—480	Abv 544	Max Profits: Unlimited	Take a risk to sell with hedging of options
WIPRO CE 520 (10.85)	Buy when you Sell Fut.	Hedging Position
					Max Loss: Rs. 4000
Derivative- Option Strategy
SBIN CE 1750 (47.10)	Must Buy At 40—25	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	Trade & hold keeping spot SL 1650 for gains.
SBIN CE 1900 (7.05)	Sell 2 Lots with CE1750
					Max Loss: Rs. 5000

 

Last week’s performance:

Weekly News Letter (Dated 16 – 20 Dec 2013) Performance Report: Maximum Profit/Loss: Rs. 38900.00

SCRIPT	TRADE PRICE	TGT	PROFIT / LOSS	UNIT	NET Profit / Loss
ASHOKLEY	Must Buy At  15.50	16.10	0.60	9000	Profit Rs. 5400.00
CESC	Sell C/Fut. At 434	420	14	1000	Profit Rs. 14000.0(Super Call)
BANKNIFTY (Fut./Opt)	Must  Buy 11100	11600	500 - 30 = 470	25	Profit Rs. 11750.00
WIPRO (Fut./Opt)	Sell At 531 / 10	544 / 30	- 13 + 20 = 7	500	Profit Rs. 3500.00
SBIN (Opt strategy)	Buy-Sell 35 / 8	55 / 1	20 + (2 * 7) = 34	125	Profit Rs. 4250.00

 

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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