Weekly News Letter (Dated 16 -- 20 June 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: 16 — 20 June 2014

 

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Support & Resistances

NIFTY:

Last Close: 7542.10 (Down 41.30)

Resistance Levels: 7700, 7850, 8000, 8200, 8350

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

SENSEX:

Last Close:  25228.17 (Down 168.29)

Resistance Levels: 26000, 26500, 27000, 27700, 28500

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

Sensex Range This Week: 24000 - 26000 above which it will touch 27500 & Below Target 22000; Good Support closing below 24000.

 

Market Commentary:

Market has given –ve closing on weekly basis and the coming week will show further trend for the market. Do not jump & buy as of now and wait for few days for the clarity to emerge. The budget session & govt. policies can be a good boost for the market for next upside.

Hot sectors this week: Pharma & Bank.

 

Last week’s profits & Hot in street

Hot picks for this week:

MCDOWELL, BHARATFORGE, CENTURYTEX, IDBI, INDIACEM, JSWSTEEL, MARUTI, RELINFRA, TATASTEEL, WIPRO etc.

Last week’s profits:        ITC – 0%

                                                TATASTEEL Fut. – Rs. 50000.00

                                                DIVISLAB - Fut. Rs. 15000.00

                                                ACC - Fut. Rs. 11250.00

                                                LT - (Options) Rs. 20000.00

 

Trading picks for this week:

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3	SL	COMMENTS
Hot picks for this week
BHARTIARTL (334.00)	Must Buy At 332—328	348	355—362+	324	Telecom stocks can perform well even if mkt fall
CANBK (450.25)	Sell Fut. At 455—465	425	415—405	470	Profit booking can be seen in all banking stocks.
Derivative- Future (Strategy for this week)
DRREDDY (2445.35)	Must Buy At 2430-2380	2550	2600—2650+	Bel 2350	Max Profits: Unlimited	One can buy at dips for good gain this week.
DRRED PE2400 (29.9)	Buy when you Buy Fut.	Hedging Position
					Max Loss: Rs. 3750
AXISBANK (1824.30)	Sell Around 1840—1880	1750	1715—1680	Abv 1900	Max Profits: Unlimited	Take a risk to sell on rise with hedge of CE.
AXISB CE 1860 (29.10)	Buy when you Sell Fut.	Hedging Position
					Max Loss: Rs. 5000
Derivative- Option Strategy
HEROMO PE2550 (43)	Must Buy At 40—20	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	Good strategy for this week, Keep spot SL 2750
HEROM CE2800 (11.9)	Sell 2 Lot with PE 2600				Max Loss: Rs. 5000

 

Last week’s performance:

Weekly News Letter (Dated 9 – 13 June 2014) Performance Report: Maximum Profit/Loss: Rs. 96250.00

SCRIPT	TRADE PRICE	TGT	PROFIT / LOSS	UNIT	NET Profit / Loss
ITC	Must Buy At  333	333	0	1000	Profit Rs. 0.00
TATASTEEL Fut.	Sell Fut. At 580	530	50	1000	Profit Rs. 50000.0(Super Call)
DIVISLAB (Fut./Opt)	Must  Buy 1290	1350	60	250	Profit Rs. 15000.0(Super Call)
ACC (Fut./Opt)	Sell At 1520 / 60	1470 / 55	50 – 5 = 45	250	Profit Rs. 11250.00
LT (Option)	Buy-Sell 30 / 50	30 / 10	220+(2*40)=80	250	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/ non-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