Weekly News Letter (Dated 3 -- 7 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: 3 — 7 March 2014

 

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Support & Resistances

NIFTY:

Last Close: 6276.95 (Up 121.50)

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

Support Levels: 6150, 6030, 5900, 5800, 5650

SENSEX:

Last Close:  21120.12 (Up 419.17)

Resistance Levels: 21250, 21500, 21850, 22000, 22500

Support Levels: 20700, 20300, 19800, 19500, 19000

Sensex Range This Week: 20500 - 21500 above which it will touch 22000 & Below Target 20000; Good Support closing below 20000.

 

Market Commentary:

The week will be volatile with Nifty having resistance at 6400. Traders can enjoy sea-saw movements in the market. Any weekly close above 6400 will open doors for 6700—7000 in coming days but chances are lesser. A big correction is awaited in our market including global markets this year.

Hot sectors for this week: Bank & Auto.

 

Last week’s profits & Hot in street

Hot picks for this week:

IDBI, SBIN, BANKINDIA, TATASTEEL, HINDALCO,  TATAMTRDVR, MARUTI, LT, BHEL, ARVIND, CENTURYTEX, HCLTECH, TECHM etc.

Last week’s profits:        IDBI – 7%

                                                TECHM – 5.5%

                                                LICHSGFIN - Fut. Rs. 36000.00

                                                TATAMOTORS - Fut. Rs. 13000.00

                                                ARVIND - (Options) Rs. 20000.00

 

Trading picks for this week:

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3	SL	COMMENTS
Hot picks for this week
IDBI (56.00)	Must Buy At 55.5—54	58.50	60—62+	53	Very good pick among mid-cap banking sector.
TECHM (1881.85)	Sell Fut. At 1900—1940	1810	1780—1750	1960	Profit booking can be seen in all IT stock this wk
Derivative- Future (Strategy for this week)
LICHSGFIN (207.50)	Must Buy At 205—200	215	220—225+	Bel 197	Max Profits: Unlimited	Good news expected soon, Tgt 230+ soon.
LICHSG PE 205 (6.75)	Buy when you Buy Fut.	Hedging Position
					Max Loss: Rs. 6000
TATAMOTORS (418.20)	Sell Around 420—427	400	392—385	Abv 432	Max Profits: Unlimited	Stock can show sharp slide this wk, Tgt 400.
TATAMOT CE420(12.9)	Buy when you Sell Fut.	Hedging Position
					Max Loss: Rs. 5000
Derivative- Option Strategy
ARVIND PE 155 (5.20)	Must Buy At 4.5—3.5	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	Good strategy for this week, Keep spot SL 165.
ARVIND CE 170 (2.10)	Sell 2 Lot with PE 155
					Max Loss: Rs. 20000

 

Last week’s performance:

Weekly News Letter (Dated 3 – 7 March 2014) Performance Report: Maximum Profit/Loss: Rs. 110000.00

SCRIPT	TRADE PRICE	TGT	PROFIT / LOSS	UNIT	NET Profit / Loss
IDBI	Must Buy At  56	60	4	4000	Profit Rs. 16000.0(Super Call)
TECHM Fut.	Sell Fut. At 1940	1840	100	250	Profit Rs. 25000.0(Super Call)
LICHSGFIN (Fut./Opt)	Must  Buy 204 / 6	225 / 3	21 – 3 = 18	2000	Profit Rs. 36000.0(Super Call)
TATAMOTOR (Fut./Opt)	Sell At 422 / 10	408 / 9	14 – 1 = 13	1000	Profit Rs. 13000.00
ARVIND (Option)	Buy-Sell 4 / 2.50	6 / 1	2 + ( 2 * 1.5 ) = 5	4000	Profit Rs. 20000.0(Super Call)

 

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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