Weekly News Letter (Dated 23 -- 27 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: 23 — 27 June 2014

 

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Support & Resistances

NIFTY:

Last Close: 7511.45 (Down 30.65)

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

Support Levels: 7400, 7200, 6900, 6650, 6400

SENSEX:

Last Close:  25105.51 (Down 122.66)

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

Support Levels: 24700, 24000, 23000, 2200, 21500

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

 

Market Commentary:

F&O expiry this week can show high volatility and a possibility of profit booking ahead of budget. The street is highly bullish with the current govt. but market follows it’s own rule. Nifty has good support at 7400 & then 7100 and resistance around 7750—7800 levels.

Hot sectors this week: Infra & Textile.

 

Last week’s profits & Hot in street

Hot picks for this week:

DLF, BHEL, ITC, SRTRANSFIN, HDFCBANK, IDFC, TATASTEEL, APOLLOTYRE, COLPAL, MARUTI, ONGC, LUPIN, DIVISLAB etc.

Last week’s profits:        DLF – 6%

                                                CENTURYTEX Fut. – Rs. -5000.00

                                                IDFC - Fut. Rs. 0.00

                                                ARVIND - Fut. Rs. 0.00

                                                IFCI - (Options) Rs. 16000.00

 

Trading picks for this week:

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3	SL	COMMENTS
Hot picks for this week
DLF (208.35)	Must Buy At 208—205	218	223—228+	202	Infra stocks can show further upside till expiry.
CENTURYTEX (526.60)	Sell Fut. At 528—540	500	490—480	545	Low risk trading strategy for this week, keep SL
Derivative- Future (Strategy for this week)
IDFC (128.70)	Must Buy At 128—124	135	138—141+	Bel 122	Max Profits: Unlimited	Stock has very good potential to rise to 160.
IDFC PE 125 (0.90)	Buy when you Buy Fut.	Hedging Position
					Max Loss: Rs. 4000
ARVIND (214.25)	Sell Around 216—221	205	201—196	Abv 223	Max Profits: Unlimited	High risk High gain strategy till F&O exp.
ARVIND CE 220 (3.10)	Buy when you Sell Fut.	Hedging Position
					Max Loss: Rs. 4000
Derivative- Option Strategy
IFCI CE 40 (1.05)	Must Buy At 1—0.60	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	Good strategy for this week, Keep spot SL 38
IFCI PE 37.50 (0.35)	Sell 2 Lot with CE 40				Max Loss: Rs. 10000

 

Last week’s performance:

Weekly News Letter (Dated 23 – 27 June 2014) Performance Report: Maximum Profit/Loss: Rs. 37000.00

SCRIPT	TRADE PRICE	TGT	PROFIT / LOSS	UNIT	NET Profit / Loss
DLF	Must Buy 208	221	13	2000	Profit Rs. 26000.0(Super Call)
CENTURYTEX Fut.	Sell Fut. At 540	545	-5	1000	Loss Rs. 5000.00
IDFC (Fut./Opt)	Must  Buy 126/ 0.7	126.5 / 0.2	0.50 – 0.50 = 70	2000	Profit Rs. 0.00
ARVIND (Fut./Opt)	Sell At 221 / 4	223 / 6	- 2 + 2 = 0	2000	Profit Rs. 0.00
IFCI (Option)	Buy-Sell 0.6 / 0.35	1.60 / 0.05	1 + (2*0.30)= 1.6	10000	Profit Rs. 16000.0(Super Call)

 

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