Daily News Letter Dated 12th 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: 12 July 2012

 

Support & Resistance

NIFTY:

Last Close: 5306.30 (Down 39.05)

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

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

SENSEX:

Last Close: 17489.14 (Down 129.21)

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:

All eyes will be on Infosys & Tcs results and IIP numbers which will guide the market. We expect some good news but any rise will be a selling opportunity. Nifty is finding tough resistance to close above 5350. We still remain seller on rise as any bad news can show panic selling.

Hot Sectors For Today: Metals & IT.

 

Btst/Stbt, Hot in street & Results today

BTST/ STBT in last trade (Fut.):

Tatasteel(Buy– 425; SL- 420; Tgt Later)

Infy (Sell– 2510; Book 50% At 2455 Same Day)

Infy ce 2600 (Buy– 60 as hedge with Infy Fut)

 Hot in Street:

Geship, Finantech, Chamblfert, Tvsmotors, Lt, Suzlon, Ioc, Zeel, Ntpc, Mrpl, Bpcl, Essaroil, Powergrid, Unitech etc.

 

Trading picks for today:

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3	SL	COMMENTS
Hot Today
IDFC (140.00)	Must Buy 140—137	143	144.5—146	135	Buying can emerge from lower level, keep SL.
ICICIBANK(936.65)	Sell At 940—960	920	910—900	975	One can sell on rise for downside to 900 soon.
Derivative- Future (Strategy for today)
TCS (1263.00)	Must Buy At 1260-1235	1285	1297—1310+	Bel 1220	Max Profits: Unlimited	Trade with the trend keeping hedge.
TCS PE 1200 (28.00)	Buy when you buy Fut.	Hedging Position			Max Loss: Rs 3750
ULTRACEM (1570.00)	Sell At  1570—1600	1540	1525—1510	Abv 1620	Max Profits: Unlimited	Anytime selling can be seen tgt 1400 soon
…………….(…..)	Buy when you sell Fut.	Hedging Position			Max Loss: Rs. 5000
Derivative- Option Strategy
LT PE 1400 (22.00)	Must Buy At 20—12	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	One must trade & hold for 2—4 days for gain.
LT CE 1500 (15.00)	Sell 2 Lots with PE 1400
					Max Loss: Rs. 4000
Investment Pick (Long Term)
MOSERBAER(617140) (8.9)	Must Buy At 8.5—7	15	20—25+	Very low risk investment pick for long term gain.

 

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 (11^th July 2012) Performance in all type of equity segment calls: Maximum Profit/Loss: Rs 38150.00Approx.

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