Daily News Letter Dated 16th 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: 16 July 2012

 

Support & Resistance

NIFTY:

Last Close: 5227.25 (Down 8.00)

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

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

SENSEX:

Last Close: 17213.70 (Down 18.85)

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:

Market will show gap up opening & profit booking can be seen in later hours. Nifty will find hurdle at 5300 for time being above which we can expect further rally. Stock specific good buying may emerge but most of the stocks look tired for a correction, trade with hedging.

Hot Sectors For Today: Bank & Auto.

 

Btst/Stbt, Hot in street & Results today

BTST/ STBT in last trade (Fut.):

Tatasteel (Buy– 415.6; SL – 410; Tgt Later)

Hdfcbank (Sell– 488; No SL; Tgt Later)

Hdfcbank Ce600 (Buy– 5.50; No SL; Hold as hedging)

Hot in Street:

Mrpl, Essaroil, Suntv, Onmobile, Balramchin, Gujfluoro, Titan, Sci, Hindpetro, Idea etc.

 

 

Trading picks for today:

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3	SL	COMMENTS
Hot Today
WIPRO (359.20)	Must Buy 358—351	365	369—373	348	One can start accumulating IT stocks for gain
TATAMOTORS (235.50)	Buy At 235—230	240	242.50—245	227	Low risk for day-trader, some good news soon
Derivative- Future (Strategy for today)
SBIN (2176.90)	Must Buy At 2170-2130	2210	2230—2250+	Bel 2110	Max Profits: Unlimited	One can buy at dip for bounce back.
SBIN PE 2150 (34.00)	Buy when you buy Fut.	Hedging Position			Max Loss: Rs 2500
BALRAMCHIN (58.10)	Sell At  58.50—59.50	57	56—55	Abv 61	Max Profits: Unlimited	Low risk high gain strategy till expiry.
BALRAMC CE60 (0.80)	Buy when you sell Fut.	Hedging Position			Max Loss: Rs. 6000
Derivative- Option Strategy
TATASTL CE 420 (6.75)	Must Buy At Opening	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	One must trade & hold for 4—7 days for gain.
TATASTL PE 400 (3.30)	Buy 1 Lot with CE 420
					Max Loss: Rs. 5000
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	Booked partial profit at 545 on 12th July
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 (13^th July 2012) Performance in all type of equity segment calls: Maximum Profit/Loss: Rs 6650.00 Approx.

Weekly Performance Report (9^th – 13^th July):

http://nse-bse.blogspot.in/2012/07/weekly-performance-report-equity-calls_13.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