Daily News Letter Dated 11th July 2012-Gain from us. Visit: http://www.ibnservice.com/ OR http://ibnservices.blogspot.com/ OR http://nse-bse.blogspot.com/ OR http://mcx-ncdex.blogspot.com/

Daily News Letter

Date: 11 July 2012

 

Support & Resistance

NIFTY:

Last Close: 5345.35 (Up 70.20)

Resistance Levels:  5330, 5450, 5630, 5750, 5900

Support Levels: 5050, 4910, 4800, 4650, 4550

SENSEX:

Last Close: 17618.35 (Up 226.37)

Resistance Levels:  17700, 18000, 18500, 19000, 19500

Support Levels: 16500, 16150, 15800, 15300, 15000

Sensex Range This Week: 16800 - 17500 above which it will touch 18000 & Below Target 15300; Good Support closing below 16300.

 

Market Commentary:

One can sell on rise toward 5360—5380 keeping stop loss 5420 for downside in coming days. Most of the stocks are near to top on daily charts & we expect profit booking or correction in coming days. One should trade with hedge as coming days will be highly volatile.

Hot Sectors For Today: IT & R-Group.

 

Btst/Stbt, Hot in street & Results today

BTST/ STBT in last trade (Fut.):

Relcapital (Sell– 385; SL- 391; Tgt Later)

Hot in Street:

Onmobile, Punjlloyd, Unitech, Sintex, Voltas, Relcapital, Rcom, Aban, Abb, Relinfra, Hindoilexp, Dcb, Ktkbank, Educomp etc.

 

Trading picks for today:

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3	SL	COMMENTS
Hot Today
PETRONET (146.25)	Must Buy 146—143	149	150.5—152	140	Stock can show good rise, buy at dips today.
RELINFRA (569.25)	Sell At 570—580	560	555—550	590	All Adag grp stocks will show profit booking
Derivative- Future (Strategy for today)
JSWSTEEL (709.50)	Must Buy At 709—695	725	732—740+	Bel 685	Max Profits: Unlimited	Trade with the trend keeping hedge.
JSWSTL PE700 (18.00)	Buy when you buy Fut.	Hedging Position			Max Loss: Rs 5000
AXISBANK (1076.00)	Sell At  1080—1100	1060	1050—1040	Abv 1120	Max Profits: Unlimited	Banking stocks can show good fall soon.
AXISBN PE1060 (26.25)	Buy when you sell Fut.	Hedging Position			Max Loss: Rs. 5000
Derivative- Option Strategy
NIFTY PE 5300 (45.60)	Must Buy At 40—25	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	One must trade & hold for 2—4 days for gain.
NIFTY CE 5400 (48.60)	Sell 1 Lots with PE 5300
					Max Loss: Rs. 5000
Investment Pick (Long Term)
ANULAB (532981) (1.14)	Must Buy At 1.10—0.8	3	4—5+	One should buy in truck load for long term Tgt 7+.

 

Monthly trading picks:

Monthly trading picks for July (in Future)
RELINFRA  (577.95)	Must Sell  At 590—610	540	520—500	Above 630	Stk can show downside, sell on rise only
LT (1426.85)	Must Sell At 1450—1490	1310	1250—1200	Above 1530	One can sell on rise by hedge with option
ASHOKLEY (24.40)	Must Buy At 24—23	26.50	27.50—29+	Below 22	Low risk scrip for medium tern traders.
BHUSANSTL  (475.20)	Must Sell At 480—500	440	420—400	Above 520	Scrip is highly overbought on charts.

 

Past performances

Last Trade (10^th July 2012) Performance in all type of equity segment calls: Maximum Profit/Loss: Rs 39200.00Approx.

Weekly Performance Report (2^nd – 6^th July):

http://nse-bse.blogspot.in/2012/07/weekly-performance-report-equity-calls.html

Monthly Performance Equity Calls (June):

http://nse-bse.blogspot.in/2012/06/monthly-performance-report-all-types-of.html

Monthly Performance All Nifty Calls (June):

http://nse-bse.blogspot.in/2012/06/monthly-performance-report-nifty.html

Monthly Performance Commodity Calls (June):

http://nse-bse.blogspot.in/2012/06/monthly-performance-report-commodity.html

 

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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. Information has been obtained by the company from sources which it considers reliable. 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.com/ OR http://www.ibnservice.com/ Call: (91) 9899909899