Weekly News Letter (Dated 19 -- 23 May 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: 19 — 23 May 2014

 

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Support & Resistances

NIFTY:

Last Close: 7203.00 (Up 345.00)

Resistance Levels: 7300, 7500, 7700, 7850, 8000

Support Levels: 6850, 6650, 6400, 6250, 6150

SENSEX:

Last Close:  24121.74 (Up 1127.51)

Resistance Levels: 25000, 26000, 26700, 27200, 27700

Support Levels: 23000, 22300, 21500, 21000, 20700

Sensex Range This Week: 23500 - 25000 above which it will touch 27000 & Below Target 22000; Good Resistance closing below 25000.

 

Market Commentary:

Nifty has crucial resistance now at 7500 closing above which will open doors for 8000 mark. We can see a narrow range trading this week with possibility of some profit booking. All eyes will be now on the political development of portfolio allotment by the new government..

Hot sectors for this week: Infra & Auto.

 

Last week’s profits & Hot in street

Hot picks for this week:

DISHTV, IDEA, JINDALSTEL, L&TFH, BHARTIARTL, SUNPHARMA,  HEROMOTOCO, TATASTEEL, TITAN, DABUR, ITC, ADANIENT etc.

Last week’s profits:        HINDZINC – 21%

                                                MARUTI Fut. – Rs. 5000.00

                                                DLF - Fut. Rs. 86000.00

                                                RELINFRA - Fut. Rs. 40000.00

                                                TATASTEEL - (Options) Rs. 6000.00

 

Trading picks for this week:

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3	SL	COMMENTS
Hot picks for this week
HINDZINC (135.85)	Must Buy At 134—130	141	145—148+	128	Expected good upside this week & coming days.
MARUTI (2178.00)	Sell Fut. At 2190—2240	2100	2050—2000	2280	Take a risk to sell on rise keeping tight stop loss.
Derivative- Future (Strategy for this week)
DLF (170.75)	Must Buy At 168—164	177	181—185+	Bel 162	Max Profits: Unlimited	Keep an eye for bounce toward 190—200 soon.
DLF PE 165 (6.30)	Buy when you Buy Fut.	Hedging Position
					Max Loss: Rs. 4000
RELINFRA (630.55)	Sell Around 640—655	605	590—575	Abv 665	Max Profits: Unlimited	Trade with hedge of PE option for good gain.
RELINF CE 640 (19.15)	Buy when you Sell Fut.	Hedging Position
					Max Loss: Rs. 5000
Derivative- Option Strategy
TATASTL PE 440 (15.5)	Must Buy At 12—8	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	Good strategy for this week, Keep spot SL 490
TATASTL CE 500 (3.65)	Sell 2 Lots with PE 440				Max Loss: Rs. 20000

 

Last week’s performance:

Weekly News Letter (Dated 19 May – 23 May 2014) Performance Report: Maximum Profit/Loss: Rs. 175000.0

SCRIPT	TRADE PRICE	TGT	PROFIT / LOSS	UNIT	NET Profit / Loss
HINDZINC	Must Buy At  134.5	164.5	30	2000	Profit Rs. 60000.0(Super Call)
MARUTI Fut.	Sell Fut. At 2240	2280	-40	125	Loss Rs. 5000.00
DLF (Fut./Opt)	Must  Buy 175 / 2.3	220 / 0.3	45 – 2 =  43	2000	Profit Rs. 86000.0(Super Call)
RELINFRA (Fut./Opt)	Sell At 655 / 20	665 / 110	– 10 + 90 = 80	500	Profit Rs. 40000.0(Super Call)
TATASTEEL (Option)	Buy-Sell 8 / 4	2 / 4	- 6 - 0 = - 6	1000	Loss Rs. 6000.00

 

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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