Daily News Letter Dated 17th 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: 17 July 2012

 

Support & Resistance

NIFTY:

Last Close: 5197.25 (Down 30.00)

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

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

SENSEX:

Last Close: 17103.31 (Down 110.39)

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 buy at dip around 5180—5150 for a good bounce in next 24 hours. We may see downside for next few days due to rollover. We have warned for this downside when Nifty was trading at 5350 for target 5100—5050. Most of the traders have made good profit with time.

Hot Sectors For Today: IT & Sugar.

 

Btst/Stbt, Hot in street & Results today

BTST/ STBT in last trade (Fut.):

Tcs (Buy– 1212; SL – 12; Tgt Later)

Hot in Street:

Bhartiartl, Lupin, Idea, Titan, Maruti, Axisbank, Uniphoas, Educomp, Ranabaxy, Sunpharma etc.

 

Trading picks for today:

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3	SL	COMMENTS
Hot Today
PANTALOONR (176.20)	Must Buy 175—172	179	181—183	170	News based buying can emerge after a dip.
POLARIS (116.20)	Buy At 115—112	118	119.50—121	110	Most of the IT stocks are near to bottom.
Derivative- Future (Strategy for today)
WIPRO (355.70)	Must Buy At 355—348	361	364—367+	Bel 340	Max Profits: Unlimited	Low risk scrip for short term gain.
…………..(….)	Buy when you buy Fut.	Hedging Position			Max Loss: Rs 4000
TATAMOTORS (225.50)	Buy At  225—221	229	231—233	Bel 217	Max Profits: Unlimited	Buy with hedge for good gain in 2-3 day
TATAMOT PE 220 (3.0)	Buy when you buy Fut.	Hedging Position			Max Loss: Rs. 4000
Derivative- Option Strategy
TCS CE 1200 (23.50)	Must Buy At 20--14	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	One must trade & hold for 4—7 days for gain.
TCS PE 1200 (17.80)	Sell 1 Lot with CE 1200
					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 50% profit at 530 on 16th July
LT (1426.85)	Must Sell At 1450—1490	1310	1250—1200	Above 1530	Booked small profit at 1380 on 16th July
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 (16^th July 2012) Performance in all type of equity segment calls: Maximum Profit/Loss: Rs 21800.00 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