Weekly News Letter (Dated 26 -- 30 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: 26 — 30 May 2014

 

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Support & Resistances

NIFTY:

Last Close: 7367.10 (Up 164.10)

Resistance Levels: 7500, 7700, 7850, 8000, 8200

Support Levels: 7100, 6900, 6650, 6400, 6250

SENSEX:

Last Close:  24693.35 (Up 571.61)

Resistance Levels: 25000, 26000, 26500, 27000, 27700

Support Levels: 23700, 23000, 2200, 21500, 21000

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

 

Market Commentary:

Market will show volatility ahead of expiry this week and expected expiry around 7500 levels with support at 7200. Mid-cap stocks have good potential for huge upside in coming days too if Nifty sustains above 7500 mark. Avoid aggressive buying & trade cautiously.

Hot sectors this week: Pharma & Bank.

 

Last week’s profits & Hot in street

Hot picks for this week:

DIVISLAB, SUNPHARMA, IDEA, SAIL, TATAGLOBAL,  DLF, HINDALCO, KOTAKBK, SBIN, TATAPOWER, BANKINDIA, ARVIND etc.

Last week’s profits:        SUNPHARMA – 2.5%

                                                RELCAPITAL Fut. – Rs. 80000.00

                                                ITC - Fut. Rs. 2000.00

                                                CANBK - Fut. Rs. 50000.00

                                                SBIN - (Options) Rs. 11250.00

 

Trading picks for this week:

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3	SL	COMMENTS
Hot picks for this week
SUNPHARMA (584.30)	Must Buy At 580—565	610	625—640+	555	Good news can lift the stock above 620 mark.
RELCAPITAL (558.30)	Sell Fut. At 565—580	535	522—510	586	Limited upside left, sell with hedge of options.
Derivative- Future (Strategy for this week)
ITC (343.60)	Must Buy At 340—332	357	365—373+	Bel 328	Max Profits: Unlimited	Stock is near 200dma, buy with strict SL.
ITC PE 340 (4.15)	Buy when you Buy Fut.	Hedging Position
					Max Loss: Rs. 4000
CANBK (469.75)	Sell Around 475—490	450	440—430	Abv 500	Max Profits: Unlimited	Profit booking can be seen ahead of expiry.
CANBK CE 480 (17.00)	Buy when you Sell Fut.	Hedging Position
					Max Loss: Rs. 10000
Derivative- Option Strategy
SBIN PE 2700 (37.55)	Must Buy At 30—20	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	Good strategy for this week, Keep spot SL 2950
SBIN CE 3000 (0.00)	Sell 2 Lot with PE 2700				Max Loss: Rs. 10000

 

Last week’s performance:

Weekly News Letter (Dated 26 May – 30 May 2014) Performance Report: Maximum Profit/Loss: Rs. 146750.0

SCRIPT	TRADE PRICE	TGT	PROFIT / LOSS	UNIT	NET Profit / Loss
SUNPHARMA	Must Buy At  585	600	15	500	Profit Rs. 7500.00
RELCAPITAL Fut.	Sell Fut. At 590	510	80	1000	Profit Rs. 80000.0(Super Call)
ITC (Fut./Opt)	Must  Buy 342 / 2.5	342 / 0.50	0 – 2 =  - 2	1000	Loss Rs. 2000.00
CANBK (Fut./Opt)	Sell At 490 / 21	420 / 1	70 – 20 = 50	1000	Profit Rs. 50000.0(Super Call)
SBIN (Option)	Buy-Sell 20 / 0	110 / 0	90 – 0 = 90	125	Profit Rs. 11250.00

 

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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