Weekly News Letter (Dated 30 June -- 4 July 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: 30 June — 4 July 2014

 

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Support & Resistances

NIFTY:

Last Close: 7508.80 (Down 2.65)

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

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

SENSEX:

Last Close:  25099.92 (Down 5.59)

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:

Nifty has been moving in very narrow range for last 2 weeks and waiting for the budget & monsoon updates for further one side movement. Traders can remain long keeping Nifty spot stop loss at 7400 closing basis for two consecutive days.

Hot sectors this week: Telecom & Auto.

 

Last week’s profits & Hot in street

Hot picks for this week:

JPPOWER, PNB, IDFC, ITC, DABUR, DLF, IDEA, LICHSG, IBREALEST, ASHOKLEY, IRB, BAJAJ-AUTO, ASIANPAINTS, CENTURYTEX etc.

Last week’s profits:        IDEA – 5%

                                                PETRONET Fut. – Rs. 16000.00

                                                BHARTIARTL - Fut. Rs. 10000.00

                                                ASHOKLEY - Fut. Rs. 19250.00

                                                ITC - (Options) Rs. 10000.00

 

Trading picks for this week:

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3	SL	COMMENTS
Hot picks for this week
IDEA (130.50)	Must Buy At 129—126	135	138—141+	124	Some bounce can be seen after last week fall.
PETRONET (174.75)	Sell Fut. At 176—180	167	163—160	182	Sell on any rise this week keeping tight stop loss.
Derivative- Future (Strategy for this week)
BHARTIARTL (333.25)	Must Buy At 331—324	347	354—360+	Bel 320	Max Profits: Unlimited	All telecom stock can be bought at dips.
BHARTI  PE 330 (10.30)	Buy when you Buy Fut.	Hedging Position
					Max Loss: Rs. 4000
ASHOKLEY (36.45)	Sell Around 37—38	205	201—196	Abv 38.50	Max Profits: Unlimited	High risk High gain strategy for this week.
ASHOKL CE 37.5 (2.10)	Buy when you Sell Fut.	Hedging Position
					Max Loss: Rs. 6000
Derivative- Option Strategy
ITC CE 320 (11.80)	Must Buy At 11—8	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	Good strategy for 1—2 week, Keep spot SL 305
ITC PE 300 (3.20)	Sell 2 Lot with CE 320				Max Loss: Rs. 10000

 

Last week’s performance:

Weekly News Letter (Dated 30 June – 4 July 2014) Performance Report: Maximum Profit/Loss: Rs. 69150.00

SCRIPT	TRADE PRICE	TGT	PROFIT / LOSS	UNIT	NET Profit / Loss
IDEA	Must Buy 131	137.95	6.95	2000	Profit Rs. 13900.0(Super Call)
PETRONET Fut.	Sell Fut. At 180	172	8	2000	Profit Rs. 16000.0(Super Call)
BHARTIART (Fut./Opt)	Must  Buy 335 / 7	345 / 7	10 – 0 = 10	1000	Profit Rs. 10000.00
ASHOKLEY (Fut./Opt)	Sell At 37.5 / 2.25	35.5 / 2	2 – 0.25 = 1.75	11000	Profit Rs. 19250.0(Super Call)
ITC (Option)	Buy-Sell 13 / 3	21 / 2	8 + (2*1)= 10	1000	Profit Rs. 10000.00

 

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