Weekly News Letter (Dated 17 -- 21 March 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 March 2014

 

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Support & Resistances

NIFTY:

Last Close: 6504.20 (Down 22.45)

Resistance Levels: 6550, 6700, 6800, 6900, 7000

Support Levels: 6400, 6250, 6150, 6030, 5900

SENSEX:

Last Close:  21809.80 (Down 109.99)

Resistance Levels: 22000, 22500, 22850, 23100, 23500

Support Levels: 21500, 21000, 20700, 20300, 19800

Sensex Range This Week: 21500 - 22000 above which it will touch 22500 & Below Target 21000; Good Resistance closing above 22000.

 

Market Commentary:

Nifty is finding touch to close above 6600 which seems to be short term hurdle for bulls. If Nifty does not closes above 6600 in next two trading session then we can see some profit booking toward 6400—6350 which will act as good support.

Hot sectors for this week: Metals & Bank.

 

Last week’s profits & Hot in street

Hot picks for this week:

OFSS, SUNPHARMA, JUBLFOOD, INDIACEM, NMDC, IDBI, MARUTI, AXISBK, CENTURYTEX, INDUSINDBK, APOLLOTYRE, HDFC etc.

Last week’s profits:        RCOM – 7%

                                                ICICIBANK – 3%

                                                TATASTEEL - Fut. Rs. 22000.00

                                                LT - Fut. Rs. 22500.00

                                                UNITECH - (Options) Rs. 1200.00

 

Trading picks for this week:

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3	SL	COMMENTS
Hot picks for this week
RCOM (116.70)	Must Buy At 115—112	122	126—130	110	Accumulate at dip for bounce toward 130+ soon
ICICIBANK (1220.80)	Sell Fut. At 1225—1250	1165	1140—1120	1265	Stock can show profit booking hedge with option
Derivative- Future (Strategy for this week)
TATASTEEL (343.70)	Must Buy At 337—330	248	255—263+	Bel 325	Max Profits: Unlimited	Low risk pick for this week, possible bounce.
TATASTL PE 330 (4.75)	Buy when you Buy Fut.	Hedging Position
					Max Loss: Rs. 5000
LT (1262.25)	Sell Around 1270—1295	1210	1185—1160	Abv 1305	Max Profits: Unlimited	Not much upside left, sell & hold, Tgt 1050.
LT CE 1300 (11.20)	Buy when you Sell Fut.	Hedging Position
					Max Loss: Rs. 5000
Derivative- Option Strategy
UNITECH CE 12.5 (0.3)	Must Buy At 0.25—0.15	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	Good strategy for this week, Keep spot SL 10.5
UNITECH PE 10 (0.10)	Sell 2 Lot with PE 12.5
					Max Loss: Rs. 10000

 

Last week’s performance:

Weekly News Letter (Dated 17 – 21 March 2014) Performance Report: Maximum Profit/Loss: Rs. 68050.00

SCRIPT	TRADE PRICE	TGT	PROFIT / LOSS	UNIT	NET Profit / Loss
RCOM	Must Buy At  117	125	8	2000	Profit Rs. 16000.0(Super Call
ICICIBANK Fut.	Sell Fut. At 1235	1200	35	250	Profit Rs. 8750.00
TATASTEEL (Fut./Opt)	Must  Buy 340 / 3.5	365 / 0.5	25 – 3 = 22	1000	Profit Rs. 22000.0(Super Call)
LT (Fut./Opt)	Sell At 1270 / 7	1220 / 2	50 – 5 = 45	500	Profit Rs. 22500.0(Super Call)
UNITECH (Option)	Buy-Sell 0.20 / 0.05	0.10 / 0.05	0.1 +(2 *0)= 0.1	12000	Loss Rs. 1200.00

 

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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