Weekly News Letter (Dated 7 -- 11 April 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: 7 — 11 April 2014

 

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Support & Resistances

NIFTY:

Last Close: 6694.35 (Down 1.55)

Resistance Levels: 6700, 6800, 6900, 7000, 7300

Support Levels: 6580, 6400, 6250, 6150, 6030

SENSEX:

Last Close:  22339.97 (Up 19.53)

Resistance Levels: 22500, 22850, 23100, 23500, 25000

Support Levels: 22000, 21500, 21000, 20700, 20300

Sensex Range This Week: 21500 - 22500 above which it will touch 23000 & Below Target 21000; Good Resistance closing above 22500.

 

Market Commentary:

Pre-election rally can continue toward 7000 but we can see some profit booking in the beginning of the week. Nifty will find short term support at 6580 below which 6400 can be seen and hurdle at 6800 & 7000. Go long in mid-cap stocks for good gain in this rally.

Hot sectors for this week: Infra & Auto.

 

Last week’s profits & Hot in street

Hot picks for this week:

RPOWER, TATAPOWER, NTPC, IDBI, ANDHRABANK, ALBK, ITC, HDFC, INDIACEM, SAIL, TATAMOTORS, AMBUJACEM, CENTURY etc.

Last week’s profits:        DLF – 6%

                                                TATAMOTORS Fut. – Rs. 5000.00

                                                ALBK - Fut. Rs. 20000.00

                                                CENTURYTEX - Fut. Rs. 0.00

                                                LT - (Options) Rs. 500.00

 

Trading picks for this week:

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3	SL	COMMENTS
Hot picks for this week
DLF (176.05)	Must Buy At 174—170	183	187—191+	168	Go long at any dip with hedge of Put Options.
TATAMOTORS (408.15)	Sell Fut. At 412—420	390	380—370	425	Take a risk to sell on rise keeping strict stop loss.
Derivative- Future (Strategy for this week)
ALBK (93.40)	Must Buy At 92—90	98	100—102+	Bel 88.5	Max Profits: Unlimited	Very good pick among mid-cap banking stock
ALBK PE 90 (0.9)	Buy when you Buy Fut.	Hedging Position
					Max Loss: Rs. 6000
CENTURYTEX (378.00)	Sell Around 380—388	360	350—340	Abv 392	Max Profits: Unlimited	Stock can show some profit booking this wk.
CENTURY CE380 (12.8)	Buy when you Sell Fut.	Hedging Position
					Max Loss: Rs. 4000
Derivative- Option Strategy
LT PE 1240 (19.90)	Must Buy At 18—12	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	Good strategy for this week, Keep spot SL 1350
LT CE 1400 (5.75)	Sell 2 Lot with PE 1240				Max Loss: Rs. 10000

 

Last week’s performance:

Weekly News Letter (Dated 7 – 11 April 2014) Performance Report: Maximum Profit/Loss: Rs. 35000.0

SCRIPT	TRADE PRICE	TGT	PROFIT / LOSS	UNIT	NET Profit / Loss
DLF	Must Buy At  170	185	10	2000	Profit Rs. 20000.0(Super Call
TATAMOTORS Fut.	Sell Fut. At 420	425	- 5	1000	Loss Rs. 5000.00
ALBK (Fut./Opt)	Must  Buy 91.5 / 2	97.5/ 1	6 – 1 = 5	4000	Profit Rs. 20000.0(Super Call)
CENTURYTE (Fut./Opt)	Sell At 380 / 10	380 / 30	0 – 10 = 0	1000	Profit Rs. 0.00
LT (Option)	Buy-Sell 15 / 6	10 / 4	– 5 +(2 * -2)= -1	500	Loss Rs. 500.00

 

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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