Weekly News Letter (Dated 9 -- 13 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: 9 — 13 June 2014

 

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Support & Resistances

NIFTY:

Last Close: 7583.40 (Up 353.45)

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

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

SENSEX:

Last Close:  25396.46 (Up 1179.12)

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:

Nifty has closes above 7500 and if manages to sustain above this level then 8000 mark can be seen. All broking houses are giving Nifty target of 10000 in coming days but be cautious and do not trade blindly. Many stocks are looking over bought on weekly charts & show some profit booking in coming days.

Hot sectors this week: Telecom & Infra.

 

Last week’s profits & Hot in street

Hot picks for this week:

DIVISLAB, DISHTV, ASIANPAINT, DRREDDY, TATAGLOBAL, HAVELLS, INDIACEM, EXIDE, ASHOKLEY, HINDALCO, NMDC 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
ITC (336.70)	Must Buy At 335—327	352	360—370	323	Low risk pick for short term upside toward 380.
TATASTEEL (562.10)	Sell Fut. At 570—583	545	535—525	590	Sell with hedging of CE options for good gain.
Derivative- Future (Strategy for this week)
DIVISLAB (1279.55)	Must Buy At 1270-1240	1340	1370—1400	Bel 1225	Max Profits: Unlimited	All pharma stocks can bounce anytime now.
………………. (….)	………………….	Hedging Position
					Max Loss: Rs. 3750
ACC (1449.10)	Sell Around 1460—1490	1390	1360—1330	Abv 1510	Max Profits: Unlimited	Cement stock can show profit booking anytime.
ACC CE 1440 (45.80)	Buy when you Sell Fut.	Hedging Position
					Max Loss: Rs. 5000
Derivative- Option Strategy
LT PE 1660 (39.00)	Must Buy At 36—30	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	Good strategy for this week, Keep spot SL 1780
LT CE 1800 (19.00)	Sell 2 Lot with PE 1660				Max Loss: Rs. 10000

 

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