Weekly News Letter (Dated 27 -- 31 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: 27 — 31 Jan 2014

 

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Support & Resistances

NIFTY:

Last Close: 6266.75 (Up 5.10)

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

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

SENSEX:

Last Close:  21133.56 (Up 69.94)

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:

Nifty can dip around 6200—6150 where a buying opportunity will occur ahead of RBI meeting this week. Any close below 6050 levels will create panic and bears will have upper hand. Overall short term trend is down for possible target 5900—5800 in coming days with stop loss 6400.

Hot sectors for this week: Banking & IT.

 

Last week’s profits & Hot in street

Hot picks for this week:

IFCI, IOB, PETRONET, UNITECH, ALBK, SBIN, OPTOCIRCUI, MARUTI, TATASTEEL, HCLTECH, BHEL, FRL, ARVIND, WIPRO etc.

Last week’s profits:        IDBI – -2.5%

                                                HCLTECH Fut. – 0%

                                                BHARTIARTL - Fut. Rs. 13000.00

                                                LT - Fut. Rs. 14500.00

                                                TCS - (Options) Rs. 6875.00

 

Trading picks for this week:

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3	SL	COMMENTS
Hot picks for this week
IDBI (61.45)	Must Buy At 61—59	64	66—68+	57.50	Low risk pick ahead of RBI meet for good rise.
HCLTECH (1416.65)	Sell Fut.  At 1420—1450	1350	1320—1290	1470	IT stock can show profit booking, sell on any rise
Derivative- Future (Strategy for this week)
BHARTIARTL (313.30)	Must Buy At 310—304	325	332—339+	Bel 300	Max Profits: Unlimited	Low risk high gain pick for weekly traders.
BHARTI PE 310 (4.35)	Buy when you Buy Fut.	Hedging Position
					Max Loss: Rs. 4000
LT (1007.30)	Sell Around 1010—1030	970	950—930	Abv 1040	Max Profits: Unlimited	Profit booking will be seen, sell on any rise.
LT CE 1040 (4.60)	Buy when you Sell Fut.	Hedging Position
					Max Loss: Rs. 5000
Derivative- Option Strategy
TCS PE 2250 (22.10)	Must Buy At 20—10	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	Good strategy for this week, Keep spot SL 2300.
TCS CE 2300 (9.35)	Sell 2 Lot with PE 2300
					Max Loss: Rs. 5000

 

Last week’s performance:

Weekly News Letter (Dated 27 – 31 January 2014) Performance Report: Maximum Profit/Loss: Rs. 28375.00

SCRIPT	TRADE PRICE	TGT	PROFIT / LOSS	UNIT	NET Profit / Loss
IDBI	Must Buy At  59	57.50	-1.50	4000	Loss Rs. 6000.00
HCLTECH	Sell Fut. At 1430	1430	0	250	Profit Rs. 0.00
BHARTIART (Fut./Opt)	Must  Buy 304 / 6	317 / 6	13 – 0 = 13	1000	Profit Rs. 13000.00
LT (Fut./Opt)	Sell At 1005 / 1.1	975 / 0.10	30 – 1 = 29	500	Profit Rs. 14500.0(Super Call)
TCS (Opt strategy)	Buy-Sell 20 / 10.10	55 / 0.10	35 + (2*10)= 55	125	Profit Rs. 6875.00

 

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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