Weekly News Letter (Dated 2 -- 6 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: 2 — 6 June 2014

 

Phone: (91) 9899909899; 9968443444; 9311353399

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Support & Resistances

NIFTY:

Last Close: 7229.95 (Down 137.15)

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

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

SENSEX:

Last Close:  24217.34 (Down 476.01)

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:

Nifty will face hurdle around 7500 this week and possibility of profit booking toward 7200—7100 but the overall trend is up. The govt. policies can give further boost to the market, but we advice to trade with strict stop loss or buy options as hedging to avoid major losses.

Hot sectors this week: Telecom & Infra.

 

Last week’s profits & Hot in street

Hot picks for this week:

RCOM, ITC, CIPLA, SUNPHARMA, SAIL, UNITECH, DLF, INFY, TATASTEEL, RELINFRA, RELCAPITAL, PNB, WIPRO, BHARTI etc.

Last week’s profits:        INFY – 2%

                                                RELINFRA Fut. – Rs. 7500.00

                                                RCOM - Fut. 25000.00

                                                LT - Fut. Rs. 0.00

                                                NIFTY - (Options) Rs. 14500.00

 

Trading picks for this week:

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3	SL	COMMENTS
Hot picks for this week
INFY (2939.40)	Must Buy At 2920-2860	3060	3120—3180+	2800	Take a risk to buy at any dip for good bounce.
RELINFRA (691.55)	Sell Fut. At 710—725	675	660—645	740	News based selling pressure can be seen this wk.
Derivative- Future (Strategy for this week)
RCOM (137.30)	Must Buy At 137—134	144	147—150+	Bel 132	Max Profits: Unlimited	Good pick for the week but keep option hedge.
RCOM PE 130 (4.45)	Buy when you Buy Fut.	Hedging Position
					Max Loss: Rs. 4000
LT (1555.75)	Sell Around 1620—1650	1550	1520—1490	Abv 1680	Max Profits: Unlimited	News based upside will b good time to sell now
LT CE 1640 (28.95)	Buy when you Sell Fut.	Hedging Position
					Max Loss: Rs. 3750
Derivative- Option Strategy
NIFTY CE 7300 (87.45)	Must Buy At 80—60	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	Good strategy for this week, Keep spot SL 7100
NIFTY PE 7000 (41.35)	Sell 2 Lot with CE 7300				Max Loss: Rs. 5000

 

Last week’s performance:

Weekly News Letter (Dated 2 – 6 June 2014) Performance Report: Maximum Profit/Loss: Rs. 38250.00

SCRIPT	TRADE PRICE	TGT	PROFIT / LOSS	UNIT	NET Profit / Loss
INFY	Must Buy At  2950	3000	50	125	Profit Rs. 6250.00
RELINFRA Fut.	Sell Fut. At 725	740	- 15	500	Loss Rs. 7500.00
RCOM (Fut./Opt)	Must  Buy 138 / 3	152 / 1.50	14 – 1.50 =  12.5	2000	Profit Rs. 25000.0(Super Call)
LT (Fut./Opt)	Sell At 1650 / 50	1680 / 80	– 30 + 30  = 0	250	Profit Rs. 0.00
NIFTY (Option)	Buy-Sell 90 / 39.5	310 / 4.5	220+(2*35)=290	50	Profit Rs. 14500.0(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