Weekly News Letter (Dated 9 December -- 13 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: 9 — 13 Dec 2013

 

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Support & Resistances

NIFTY:

Last Close: 6259.90 (Up 83.80)

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

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

SENSEX:

Last Close:  20996.53 (Up 204.60)

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:

Election result effect can be seen for 1—2 days then again uncertainty will be seen. Traders can start taking sell positions on rise to 6400+ levels in 1st two days of the week keeping call options as hedge. The result euphoria will be over soon and then sharp decline is not ruled out.

Hot sectors for this week: Infra & Metal.

 

Last week’s profits & Hot in street

Hot picks for this week:

CESC, NTPC, UNITECH, BHARTIARTL, GSKCONS, HDFC, RELIANCE, ARVIND, RANBAXY, AXISBANK, BHEL, JINDALSTEL, PNB etc.

Last week’s profits:        NTPC – 0%

                                                BHEL – 12%

                                                TATASTEEL - Fut. Rs. 18000.00

                                                JPASSOCIATE - Fut. Rs. 22000.00

                                                AXISBK - (Options) Rs. 18750.00

 

Trading picks for this week:

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3	SL	COMMENTS
Hot picks for this week
NTPC (148.95)	Must Buy At 148—145	155	159—163+	143	Low risk stock in any kind of market, go long.
BHEL (170.05)	Sell Fut.  At 171—175	163	159—155	177	Just go short with tight SL for short term gain.
Derivative- Future (Strategy for this week)
TATASTEEL (425.60)	Must Sell At 429—438	410	401—393	Abv 443	Max Profits: Unlimited	Max upside can be seen up to 440, sell & hold.
TATASTL CE 430 (12.1)	Buy when you Sell Fut.	Hedging Position
					Max Loss: Rs. 5000
JPASSOCIAT (55.75)	Sell At Any rise to 57	53	51.5—50	Abv 58	Max Profits: Unlimited	Stock is near its resis, sell n hedge with option
JPASSOC CE 57.5 (2.60)	Buy when you Sell Fut.	Hedging Position
					Max Loss: Rs. 4000
Derivative- Option Strategy
AXISBK PE 1250 (37.3)	Must Buy At 35—25	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	Trade & hold keeping spot SL 1380 for gains.
AXISBK CE 1400 (15.2)	Sell 2 Lots with PE1250
					Max Loss: Rs. 15000

 

Last week’s performance:

Weekly News Letter (Dated 9 – 13 Dec 2013) Performance Report: Maximum Profit/Loss: Rs. 98750.00

SCRIPT	TRADE PRICE	TGT	PROFIT / LOSS	UNIT	NET Profit / Loss
NTPC	Must Buy At  0	0	0	2000	Profit Rs. 0.00
BHEL	Sell C/Fut. At 175	155	20	2000	Profit Rs. 40000.0(Super Call)
TATASTEEL (Fut./Opt)	Must  Sell 434 / 10	411 / 5	23 - 5 = 18	1000	Profit Rs. 18000.00
JPASSOCIAT (Fut./Opt)	Sell At 58.1 / 2.5	51.1 / 1	7 - 1.5 = 5.5	4000	Profit Rs. 22000.0(Super Call)
AXISBK (Opt strategy)	Buy-Sell 15 / 27	40 / 2	25 + (2 * 25)= 75	250	Profit Rs. 18750.0(Super Call)

 

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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