Weekly News Letter (Dated 6 Jan -- 10 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: 6 — 10 Jan 2014

 

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Support & Resistances

NIFTY:

Last Close: 6211.15 (Down 102.65)

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

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

SENSEX:

Last Close:  20851.33 (Down 342.25)

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:

The short term trend has turned down for possible target 6050—6000 with hurdle at 6400. Traders should go short in over bought stocks which can correct heavily. Avoid shorting psu banking stocks as they can bounce sharply if market sustains & rises. Keep hedge of option with positions.

Hot sectors for this week: Infra & Textile.

 

Last week’s profits & Hot in street

Hot picks for this week:

UNITECH, JPASSOCIAT, BPCL, PETRONET, IDFC, BHARTIARTL, ONGC, TCS, MARUTI, ADANIENT, LT, BHEL, APOLLOHOSP etc.

Last week’s profits:        UNITECH – -5%

                                                CANBK – 5%

                                                TATAMOTORS - Fut. Rs. 0.00

                                                ARVIND - Fut. Rs. 14000.00

                                                JPASSOCIAT - (Options) Rs. 8000.00

 

Trading picks for this week:

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3	SL	COMMENTS
Hot picks for this week
UNITECH (15.20)	Must Buy At 15—14.50	16	16.50—17+	14	Low risk pick for short term, Tgt 18—20 soon.
CANBK (277.85)	Buy C/Fut.  At 272-266	285	294—300+	262	Good pick among banking stock for short term.
Derivative- Future (Strategy for this week)
TATAMOTORS (365.70)	Must Buy At 362—354	380	388—396+	Bel 350	Max Profits: Unlimited	Stock can bounce after taking a dip this week.
TATAMOT PE 360 (9.0)	Buy when you Buy Fut.	Hedging Position
					Max Loss: Rs. 4000
ARVIND (145.50)	Sell At 148—151	1760	1720—1680	Abv 152.5	Max Profits: Unlimited	Sell on any upside, go short in Feb-Mar Fut.
ARVIND CE 155 (2.65)	Buy when you Sell Fut.	Hedging Position
					Max Loss: Rs. 6000
Derivative- Option Strategy
JPASSOC CE 55 (1.75)	Must Buy At 1.60—1.0	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	Good strategy for 1—2 weeks, keep spot SL 48.
JPASSOC PE 45 (0.35)	Sell 2 Lot with CE 55
					Max Loss: Rs. 10000

 

Last week’s performance:

Weekly News Letter (Dated 6 – 10 January 2014) Performance Report: Maximum Profit/Loss: Rs. 9600.00

SCRIPT	TRADE PRICE	TGT	PROFIT / LOSS	UNIT	NET Profit / Loss
UNITECH	Must Buy At  15	14.30	-0.70	12000	Loss Rs. 8400.00
CANBK	Buy C/Fut. At 266	278	12	1000	Profit Rs. 12000.0(Super Call)
TATAMOTOR (Fut./Opt)	Must  Buy 0	0	0	1000	Profit Rs. 0.00
ARVIND (Fut./Opt)	Sell At 151 / 5	152.5 / 10	- 1.5 + 5 = 3.5	4000	Profit Rs. 14000.00
JPASSOC (Opt strategy)	Buy-Sell 1.0 / 0.50	0.50 / 0.70	-0.5+(2*0.25)= 1	8000	Loss Rs. 8000.00

 

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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