Weekly News Letter (Dated 17 -- 21 Feb 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: 17 — 21 February 2014

 

Phone: (91) 9899909899; 9968443444; 9311353399

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Support & Resistances

NIFTY:

Last Close: 6048.35 (Down 14.85)

Resistance Levels: 6240, 6330, 6400, 6500, 6550

Support Levels: 6030, 5900, 5800, 5650, 5500

SENSEX:

Last Close:  20366.82 (Down 9.74)

Resistance Levels: 21000, 21250, 21500, 21850, 22000

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

Sensex Range This Week: 20000 - 21000 above which it will touch 21500 & Below Target 19500; Good Support closing below 20000.

 

Market Commentary:

Nifty may rise toward 6150—6200 this week but any sharp rise will be followed by selling pressure. We still maintain our view of Nifty falling toward 5850—5800 very soon. Traders should avoid buying in cash aggressively & wait for market to bottom in next 2—4 months.

Hot sectors this week: Bank & Pharma.

 

Last week’s profits & Hot in street

Hot picks for this week:

ANDHRABANK, IDBI, RELIANCE, IBEALEST, NTPC, RPOWER, ZEEL, CROMPGREAV, BHARATFOR, HCLTECH, TECHM, TATAMTRDVR etc.

Last week’s profits:        SYNDIBANK – 5%

                                                TATAMOTORS – 2.5%

                                                RELCAPITAL - Fut. Rs. 5000.00

                                                HCLTECH - Fut. Rs. 10000.00

                                                IDBI - (Options) Rs. 6000.00

 

Trading picks for this week:

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3	SL	COMMENTS
Hot picks for this week
SYNDIBANK (80.45)	Must Buy At 80—78	84	86.5—89+	76.50	Very good pick among mid-cap banking stocks.
TATAMOTORS (390.40)	Sell Fut. At 392—400	375	367—360	404	Trade with hedge of call option for good gain.
Derivative- Future (Strategy for this week)
RELCAPITAL (316.40)	Must Buy At 314—307	1590	1630—1670+	Bel 300	Max Profits: Unlimited	Go long at any dip with hedge of option this wk
RELCAP PE 310 (5.90)	Buy when you Buy Fut.	Hedging Position
					Max Loss: Rs. 7000
HCLTECH (1502.80)	Sell Around 1510—1540	1450	1420—1390	Abv 1560	Max Profits: Unlimited	Good pick for short sellers for short term.
HCLTEC CE 1540 (14.4)	Buy when you Sell Fut.	Hedging Position
					Max Loss: Rs. 5000
Derivative- Option Strategy
IDBI CE 55 (1.60)	Must Buy At 1.50—1	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	Good strategy for this week, Keep spot SL 51.
IDBI PE 50 (0.35)	Sell 2 Lot with CE 55
					Max Loss: Rs. 5000

 

Last week’s performance:

Weekly News Letter (Dated 17 – 21 February 2014) Performance Report: Maximum Profit/Loss: Rs. 49000.00

SCRIPT	TRADE PRICE	TGT	PROFIT / LOSS	UNIT	NET Profit / Loss
SYNDIBANK	Must Buy At  78.20	82.20	4	4000	Profit Rs. 16000.0(Super Call)
TATAMOTORS	Sell Fut. At 396	386	10	1000	Profit Rs. 10000.00
RELCAP (Fut./Opt)	Must  Buy 310/ 5	320 / 2	10 – 3 = 7	1000	Profit Rs. 7000.00
HCLTECH (Fut./Opt)	Sell At 1520 / 15	1480 / 15	40 – 0 = 40	250	Profit Rs. 10000.00
IDBI (Opt strategy)	Buy-Sell 1.5 / 0.30	2.5 / 0.05	1 + (2*0.25)= 1.5	4000	Profit Rs. 6000.00

 

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Disclaimer

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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