Weekly News Letter (Dated 28 Apr -- 2 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: 28 April — 2 May 2014

 

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Support & Resistances

NIFTY:

Last Close: 6782.75 (Up 3.35)

Resistance Levels: 6800, 6900, 7000, 7300, 7500

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

SENSEX:

Last Close:  22688.07 (Up 59.23)

Resistance Levels: 22850, 23100, 23500, 25000, 26000

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

Sensex Range This Week: 22000 - 23000 above which it will touch 23500 & Below Target 21500; Good Support closing below 22000.

 

Market Commentary:

Market showing profit booking ahead of election results but any +ve or -ve news can trigger sharp movements either side. All situation shows Nifty upside toward 7000+ mark in coming days but if any –ve news falls then we can see sharp wipe-off.

Hot sectors for this week: Tele & Auto.

 

Last week’s profits & Hot in street

Hot picks for this week:

JUBLFOOD, IDEA, DLF, JUSDIAL, UNITECH, SUNTV, COALINDIA, TATASTEEL, MARUTI, AMBUJACEM, BANKBARODA, ONGC etc.

Last week’s profits:        DLF – -2%

                                                HINDALCO Fut. – Rs. 28000.00

                                                COLPAL - Fut. Rs. 15000.00

                                                LT- Fut. Rs. 20000.00

                                                MARUTI - (Options) Rs. 1625.00

 

Trading picks for this week:

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3	SL	COMMENTS
Hot picks for this week
DLF (153.60)	Must Buy At 152—148	159	163—167+	145	Stock is near its 200 DMA expected good bounce
HINDALCO (144.90)	Sell Fut. At 146—150	138	135—132	152	Low risk pick for short seller, hedge with option.
Derivative- Future (Strategy for this week)
COLPAL (1494.30)	Must Sell At 1500-1530	1430	1400--1370	Bel 1550	Max Profits: Unlimited	Just go short at any rise hedging CE option
COLPAL CE 1500 (45.4)	Buy when you Buy Fut.	Hedging Position
					Max Loss: Rs. 5000
LT (1356.90)	Sell Around 1360—1385	1300	1275—1250	Abv 1405	Max Profits: Unlimited	Limited upside left but downside can be sharp.
LT CE 1400 (49.70)	Buy when you Sell Fut.	Hedging Position
					Max Loss: Rs. 5000
Derivative- Option Strategy
MARUTI PE 1900 (54.0)	Must Buy At 50—40	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	Good strategy for this week, Keep spot SL 2080
MARUTI CE2100 (35.5)	Buy 1 Lot with PE 1900				Max Loss: Rs. 20000

 

Last week’s performance:

Weekly News Letter (Dated 28 Apr – 2 May 2014) Performance Report: Maximum Profit/Loss: Rs. 58625.00

SCRIPT	TRADE PRICE	TGT	PROFIT / LOSS	UNIT	NET Profit / Loss
DLF	Must Buy At  148	145	-3	2000	Loss Rs. 6000.00
HINDALCO Fut.	Sell Fut. At 146	132	14	2000	Profit Rs. 28000.0(Super Call)
COLPAL (Fut./Opt)	Must  Buy 1494 / 0	1434 / 0	60 – 0 = 60	250	Profit Rs. 15000.00
LT (Fut./Opt)	Sell At 1365 / 45	1275 / 35	90 – 10 = 80	250	Profit Rs. 20000.0(Super Call)
MARUTI (Option)	Buy-Sell 50 / 30	75 / 18	25 - 12 = 13	125	Profit Rs. 1625.00

 

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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