Weekly News Letter (Dated 28 Jul -- 1 Aug 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: 28 July — 1 August 2014

 

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Support & Resistance

NIFTY:

Last Close: 7790.45 (Up 126.55)

Resistance Levels: 7850, 8000, 8200, 8350, 8500

Support Levels: 7400, 7100, 6900, 6650, 6500

SENSEX:

Last Close:  26126.75 (Up 485.19)

Resistance Levels: 26500, 27000, 27700, 28500, 30000

Support Levels: 24800, 23700, 23000, 22000, 21500

Sensex Range This Week: 25000 - 26500 above which it will touch 27500 & Below Target 24000; Good Support Closing Below 25000.

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Market Commentary:

The market will remain highly volatile with possibility of profit booking this week due to F&O expiry. Nifty has stiff resistance at 7800 closing basis and sustaining above which bulls will be aggressive. Enjoy the swings on both side on intra-day basis & strict follow stoploss.

Hot sectors for this week: IT & Textile.

 

Last week’s profits & Hot in street

Hot picks for this week:

L&TFH, RELPOWER, JPPOWER, BAJAJ-AUTO, WIPRO, DISHTV, AXISBANK, M&M, ARVIND, BANKINDIA, CENTURYTEX, HAVELL etc.

Last week’s profits:        JPASSOCIATE – 4%

                                                CENTURYTEX Fut. – Rs. 20000.00

                                                HEXAWARE - Fut. Rs. 11000.00

                                                IRB - Fut. Rs. 92000.00

                                                DLF- (Options) Rs. 3200.00

 

Trading picks for this week:

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3	SL	COMMENTS
Hot picks for this week
JPASSOCIATE (59.20)	Must Buy At 58.5—57	62	63.50—65+	56	Start buying at every dip for good bounce soon.
CENTURYTEX (601.75)	Sell Fut. At 605—618	575	562—550	625	Take a risk to sell with tight SL for good gain.
Derivative- Future (Strategy for this week)
HEXAWARE (142.15)	Must Buy At 142—138	150	153—156+	Bel 135	Max Profits: Unlimited	Short covering can be seen, soon Tgt 160+.
HEXAWAR PE 140 (1.3)	Buy when you Buy Fut.	Hedging Position
					Max Loss: Rs. 6000
IRB (249.45)	Sell Around 252—258	238	232—226	Abv 260	Max Profits: Unlimited	Short term bearish sentiment seen, Tgt 200
IRB CE 260 (2.15)	Buy when you Sell Fut.	Hedging Position
					Max Loss: Rs. 8000
Derivative- Option Strategy
DLF CALL 210 (2.20)	Must Buy At 2—1.50	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	Good strategy for this week, Keep spot SL 195
DLF PUT 190 (0.75)	Sell 2 Lot with CE 210				Max Loss: Rs. 5000

 

Last week’s performance:

Weekly News Letter (Dated 28 July– 1 Aug 2014) Performance Report: Maximum Profit/Loss: Rs. 146200.00

SCRIPT	TRADE PRICE	TGT	PROFIT / LOSS	UNIT	NET Profit / Loss
JPASSOCIATE	Must Buy 60	62.50	2.50	8000	Profit Rs. 20000.0(Super Call)
CENTURYTEX Fut.	Sell Fut. At 610	590	20	1000	Profit Rs. 20000.00
HEXWARE (Fut./Opt)	Must  Buy 139 / 1.6	146 / 0.10	7 – 1.50 = 5.50	2000	Profit Rs. 11000.00
IRB (Fut./Opt)	Sell At 250 / 1.0	227 / 1.0	23  – 0 = 23	4000	Profit Rs. 92000.0(Super Call)
DLF (Option)	Buy-Sell 0.5 / 2.10	0.1 / 0.10	-0.4 +(2 * 2)= 1.6	2000	Profit Rs. 3200.00

 

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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.com Visit: http://ibnservices.blogspot.in/ OR http://www.ibnservices.in/ Call: (91) 9899909899