Weekly News Letter (Dated 4 -- 8 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: 4 — 8 August 2014

 

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Support & Resistance

NIFTY:

Last Close: 7602.60 (Down 187.85)

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

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

SENSEX:

Last Close:  25480.84 (Down 645.91)

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:

Finally the bears has upper hand this week with deep cut. Market may further slide toward 7450—7400 this week which can act as a support levels. Traders can buy at dip this week but protect your positions with nearest put options else it can prove fatal as some bad news can surface across the globe.

Hot sectors for this week: Power & Auto.

 

Last week’s profits & Hot in street

Hot picks for this week:

M&MFIN, L&TFH, IDBI, LICHSGFIN, RANBAXY, CIPLA, HDFC, KOTAKBK, ITC, DRREDDY, CNXIT, TCS, GLENMARK, HINDUNIL etc.

Last week’s profits:        HEXAWARE – 5.5%

                                                SUNPHARMA Fut. – Rs. 17500.00

                                                PTC - Fut. Rs. 10000.00

                                                MARUTI - Fut. Rs. 5000.00

                                                TCS - (Options) Rs. 5125.00

 

Trading picks for this week:

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3	SL	COMMENTS
Hot picks for this week
HEXAWARE (138.45)	Must Buy At 137—133	145	149—153+	131	Very good pick among mid-cap IT stocks to buy.
SUNPHARMA (769.95)	Sell Fut. At 775—792	740	720—700	800	Limited upside left but can show profit booking.
Derivative- Future (Strategy for this week)
PTC (82.40)	Must Buy At Opening	87	89—92+	Bel 79	Max Profits: Unlimited	Good news can drive the stock toward 90+
PTC PE 80 (2.65	Buy when you Buy Fut.	Hedging Position
					Max Loss: Rs. 6000
MARUTI (2582.00)	Sell Around 2600—2660	2470	2420—2350	Abv 2700	Max Profits: Unlimited	Not much upside can be seen, sell with hedge
MARUTI CE2600 (63.2)	Buy when you Sell Fut.	Hedging Position
					Max Loss: Rs. 5000
Derivative- Option Strategy
TCS PUT 2500 (48.10)	Must Buy At 45—30	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	Good strategy for this week, Keep spot SL 2650
TCS CALL 2700 (13.60)	Sell 2 Lot with PE 2500				Max Loss: Rs. 8000

 

Last week’s performance:

Weekly News Letter (Dated 4 – 8 Aug 2014) Performance Report: Maximum Profit/Loss: Rs. 53625.00

SCRIPT	TRADE PRICE	TGT	PROFIT / LOSS	UNIT	NET Profit / Loss
HEXAWARE	Must Buy 138	146	8	2000	Profit Rs. 16000.0(Super Call)
SUNPHARMA Fut.	Sell Fut. At 780	745	35	500	Profit Rs. 17500.0(Super Call)
PTC (Fut./Opt)	Must  Buy 83.5 / 2	86 / 2	2.50 – 0 = 2.50	4000	Profit Rs. 10000.00
MARUTI (Fut./Opt)	Sell At 2660 / 80	2620 / 80	40  – 0 = 40	125	Profit Rs. 5000.00
TCS (Option)	Buy-Sell 45 / 15	70 / 7	25 +(2 * 8)= 41	125	Profit Rs. 5125.00

 

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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