Weekly News Letter (Dated 24 -- 28 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: 24 — 28 February 2014

 

Phone: (91) 9899909899; 9968443444; 9311353399

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Support & Resistances

NIFTY:

Last Close: 6155.45 (Up 107.10)

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

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

SENSEX:

Last Close:  20700.75 (Up 333.93)

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 will find hurdle at 6230 closing basis for two consecutive days. The rollover & FnO expiry this week will show sharp volatility & much confusion in the market. Traders should create short positions for next series keeping Nifty spot stop loss at 6400 closing basis for possible target 5900 & below.

Hot sectors for this week: Bank & IT.

 

Last week’s profits & Hot in street

Hot picks for this week:

DISHTV, SSLT, RCOM, CIPLA, BANKINDIA, IDFC,  HCLTECH, TECHM, TATAMTRDVR, CENTURYTEX, HEXAWARE, APOLLOTYRE  etc.

Last week’s profits:        UNIONBANK – 1.5%

                                                ARVIND – 1.3%

                                                HINDALCO - Fut. Rs. 18600.00

                                                HEXAWARE - Fut. Rs. 6000.00

                                                TATAMOTORS - (Options) Rs. 2000.00

 

Trading picks for this week:

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3	SL	COMMENTS
Hot picks for this week
UNIONBANK (102.85)	Must Buy At 102—100	107	110—112+	98	Time to go long at every dip for good upside.
ARVIND (149.10)	Sell Mar Fut. 151—154	144	141—138	156	Our weekly & monthly chart shows overbought
Derivative- Future (Strategy for this week)
HINDALCO (97.90)	Must Buy At 97—95	102	104—106+	Bel 93	Max Profits: Unlimited	Huge short covering can be seen, Tgt 110+
HINDALC PE 95 (0.35)	Buy when you Buy Fut.	Hedging Position
					Max Loss: Rs. 4000
HEXAWARE (157.70)	Buy Around 159—162	174	177—180+	Abv 164	Max Profits: Unlimited	Sell at higher levels with CE options.
HEXAWAR CE 160 (2.3)	Buy when you Sell Fut.	Hedging Position
					Max Loss: Rs. 4000
Derivative- Option Strategy
TATAMOT PE400 (6.65)	Must Buy At 6—4	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	Good strategy for this week, Keep spot SL 410.
TATAMOT CE410 (1.1)	Sell 2 Lot with CE 400
					Max Loss: Rs. 8000

 

Last week’s performance:

Weekly News Letter (Dated 24 – 28 February 2014) Performance Report: Maximum Profit/Loss: Rs. 23400.00

SCRIPT	TRADE PRICE	TGT	PROFIT / LOSS	UNIT	NET Profit / Loss
UNIONBANK	Must Buy At  102	103.5	2.4	2000	Profit Rs. 4800.00
ARVIND Fut.	Sell Fut. At 154	154	-2	4000	Profit Rs. -8000.00
HINDALCO (Fut./Opt)	Must  Buy 97 / .25	106.5 / 0.05	9.5 – 0.20 = 9.30	2000	Profit Rs. 18600.00
HEXAWARE (Fut./Opt)	Sell At 162 / 2	164 / 6	- 2 + 5 = 3	2000	Profit Rs. 6000.00
TATAMOTORS (Option)	Buy-Sell 4 / 1.05	4 / 0.5	0 + ( 2 * 1 ) = 2	1000	Profit Rs. 2000.00

 

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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