Weekly News Letter (Dated 20 -- 24 Jan 2014) 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: 20 — 24 Jan 2014

 

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Support & Resistances

NIFTY:

Last Close: 6261.65 (Up 90.20)

Resistance Levels: 6330, 6400, 6500, 6550, 6700

Support Levels: 6050, 5900, 5800, 5650, 5500

SENSEX:

Last Close:  21063.62 (Up 305.13)

Resistance Levels: 21250, 21500, 21850, 22000

Support Levels: 20300, 19800, 19500, 19000, 18500

Sensex Range This Week: 20500 - 21500 above which it will touch 22000 & Below Target 19800; Good Support closing below 20000.

 

Market Commentary:

We do not see major jerks either side this week but RBI meeting can give some direction to the market for short term. Nifty can slide down to 6200 & below this week but bounce back expected with RBI announcements. Banking stocks can be bought at dips this week for good gain.

Hot sectors for this week: Infra & Textile.

 

Last week’s profits & Hot in street

Hot picks for this week:

NTPC, PETRONET, JUBLFOOD, IGL, MCLEODRUSS, DRREDDY, HCLTECH, INFY, DIVISLAB, HEXAWARE, TCS, APOLLOTYRE etc.

Last week’s profits:        UNITECH – 0%

                                                HDFC Fut. – 0%

                                                IDEA - Fut. Rs. 9000.00

                                                ARVIND - Fut. Rs. 32000.00

                                                RELIANCE - (Options) Rs. 4500.00

 

Trading picks for this week:

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3	SL	COMMENTS
Hot picks for this week
UNITECH (13.60)	Must Buy At 13.4—13	14.20	14.60—15+	12.50	Go long at any dip this week, soon upside to 15+
HDFC (840.50)	Sell Fut.  At Any Rise	810	795—780	870	Selling pressure can emerge this week, keep SL.
Derivative- Future (Strategy for this week)
IDEA (151.65)	Must Buy At 150—147	158	161—164+	Bel 145	Max Profits: Unlimited	Trade with hedging of option for gain this wk.
IDEA PE 150 (3.55)	Buy when you Buy Fut.	Hedging Position
					Max Loss: Rs. 4000
ARVIND (142.60)	Sell Around 144—147	136	133—130	Abv 148.5	Max Profits: Unlimited	We have been bearish from 155 levels, tgt 130
ARVIND CE 150 (1.25)	Buy when you Sell Fut.	Hedging Position
					Max Loss: Rs. 6000
Derivative- Option Strategy
RIL PE 900 (25.15)	Must Buy At 20—10	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	Good strategy for this week, Keep spot SL 925.
RIL CE 940 (3.20)	Sell 2 Lot with PE 900
					Max Loss: Rs. 5000

 

Last week’s performance:

Weekly News Letter (Dated 20 – 24 January 2014) Performance Report: Maximum Profit/Loss: Rs. 45500.00

SCRIPT	TRADE PRICE	TGT	PROFIT / LOSS	UNIT	NET Profit / Loss
UNITECH	Must Buy At  13.50	13.50	0	12000	Profit Rs. 0.00
HDFC	Sell Fut. At 845	845	0	500	Profit Rs. 0.00
IDEA (Fut./Opt)	Must  Buy 152 / 2	156.5 / 2	4.5 –0 = 4.5	2000	Profit Rs. 9000.00
ARVIND (Fut./Opt)	Sell At 149.6 / 1.5	141 / 1	8.5 – 0.5 = 8	4000	Profit Rs. 32000.0(Super Call)
RIL (Opt strategy)	Buy-Sell 20 / 1.50	36 / 0.5	16 + (2*1)= 18	250	Profit Rs. 4500.00

 

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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