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

 

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Support & Resistances

NIFTY:

Last Close: 6494.90 (Down 9.30)

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

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

SENSEX:

Last Close:  21755.32 (Down 54.48)

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:

High volatility will be seen due to FnO expiry this week & rollover. Mid-cap stocks can show good upside which some sectors can show profit booking. We can see some long unwinding also in this series which can show sector based downside in coming weeks. Nifty has good resistance at 6600 and support at 6400 with uptrend.

Hot sectors for this week: Bank & Auto.

 

Last week’s profits & Hot in street

Hot picks for this week:

JPASSOCIATE, RPOWER, IFCI, IDBI, TATAMOTORS, TATAPOWER,  HINDPETRO, BPCL, PETRONET, HINDALCO, MARUTI etc.

Last week’s profits:        IDBI – 10%

                                                RELIANCE Fut. – Rs. 8750.00

                                                IDFC - Fut. Rs. 56000.00

                                                APOLLOTYRE - Fut. Rs. 10000.00

                                                TATAMOTORS - (Options) Rs. 13000.00

 

Trading picks for this week:

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3	SL	COMMENTS
Hot picks for this week
IDBI (59.25)	Must Buy At Any Dip	62	64—66+	56	Low risk pick for short term traders, Tgt 70+
RELIANCE (889.60)	Sell Fut. At 895—915	850	835—820	925	Not much upside left, soon profit booking seen.
Derivative- Future (Strategy for this week)
IDFC (111.20)	Must Buy At 110—107	116.5	119—122+	Bel 105.5	Max Profits: Unlimited	Some good news can drive the stock this wk.
IDFC PE 110 (1.45)	Buy when you Buy Fut.	Hedging Position
					Max Loss: Rs. 6000
APOLLOTYRE (145.30)	Sell Around 147—150	138	135—132	Abv 151.5	Max Profits: Unlimited	Sell with hedge of option & hold for gain.
APOLLOT CE150 (0.8)	Buy when you Sell Fut.	Hedging Position
					Max Loss: Rs. 6000
Derivative- Option Strategy
TATAMOT CE 390 (5.8)	Must Buy At 5—3	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	Good strategy for this week, Keep spot SL 410
TATAMOT PE 380 (1.9)	Buy 1 Lot with CE 390
					Max Loss: Rs. 8000

 

Last week’s performance:

Weekly News Letter (Dated 21 – 28 March 2014) Performance Report: Maximum Profit/Loss: Rs. 111750.00

SCRIPT	TRADE PRICE	TGT	PROFIT / LOSS	UNIT	NET Profit / Loss
IDBI	Must Buy At  60	66	6	4000	Profit Rs. 24000.0(Super Call
RELIANCE Fut.	Sell Fut. At 915	880	35	250	Profit Rs. 8750.00
IDFC (Fut./Opt)	Must  Buy 112/1.25	127.2/ .05	15.2 – 1.20 = 14	4000	Profit Rs. 56000.0(Super Call)
APOLLOTYR (Fut./Opt)	Sell At 150 / 1.50	151.5 / 6.5	- 2.5 + 5 = 2.5	4000	Profit Rs. 10000.0(Super Call)
TATAMOT (Option)	Buy-Sell 4 / 1.55	14 / 0.05	10 +(2 *1.5)= 13	1000	Profit Rs. 13000.00

 

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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