Daily News Letter Dated 16th August 2012-Gain from us. Visit: http://www.ibnservice.com/ OR http://ibnservices.blogspot.in OR http://nse-bse.blogspot.in OR http://mcx-ncdex.blogspot.in

Daily News Letter

Date: 16 Aug 2012

Happy Independence Day

 

Support & Resistance

NIFTY:

Last Close: 5380.35 (Up 32.45)

Resistance Levels: 5450, 5630, 5750, 5900, 6050

Support Levels: 5200, 5050, 4910, 4800, 4650

SENSEX:

Last Close:  17728.20 (Up 94.75)

Resistance Levels: 18000, 18500, 19000, 19500, 20000

Support Levels: 17100, 16600, 16300, 15800, 15300

Sensex Range This Week: 17100 - 18000 above which it will touch 18500 & Below Target 16300; Good Support closing below 17100.

 

Market Commentary:

Nifty is near it’s resistance at 5400 above which 5450 can be seen, but any two consecutive close above 5450 will show further upside in coming days. Nifty has good support at 5200 below which panic can be seen, trade cautiously at rise.

Hot Sectors For Today: Banking & IT.

 

Btst/Stbt, Hot in street & Results today

BTST/ STBT in last trade (Fut.):

Ongc (Sell– 288;  SL-291; Tgt  Later)

Hot in Street:

Tatamtrdvr, Tatasteel, Axisbank, Denabank, Igl, Ucobank, Tatamotors, Ranbaxy, Voltas, Idfc, Ongc, Pnb etc.

 

Trading picks for today:

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3	SL	COMMENTS
Hot Today
IDBI (86.15)	Must Buy 86—84	88	89—90	82.5	Stock can show bounce toward 90—92 v. soon
GRASIM (3013.40)	Sell  At 3015—3065	2960	2930—2900	3100	Not much room for upside left sell on any rise.
Derivative- Future (Strategy for today)
BHARTIARTL  (261.50)	Buy At  261—256	266	268—270+	Bel 252	Max Profits: Unlimited	Highly oversold on daily & weekly chart
BHARTI PE 260 (5.50)	Buy when you buy Fut.	Hedging Position			Max Loss: Rs 4000
RELIANCE (804.80)	Sell At  805—820	790	783—775	Abv 830	Max Profits: Unlimited	Profit booking can be seen, sell now.
RIL CE 820 (7.25)	Buy when you sell Fut.	Hedging Position			Max Loss: Rs. 5000
Derivative- Option Strategy
CHAMBL CE 70 (1.45)	Must Buy At 1.4—1	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	One must trade & hold for 3—7 days for gain.
CHAMBL PE  65 (0.45)	Sell 2 Lots with CE 70
					Max Loss: Rs. 3000
Investment Pick (Long Term)
ANU LABS (532981) (1.15)	Must Buy At 1.10—0.8	2	2.50—3+	Buy in truck load for medium—long term Tgt 3—5+

 

Monthly trading picks:

Monthly trading picks for August
RCOM  (56.00)	Must Buy At 55—53	60	63—67+	Below 50	Booked 50% around 59 on 7th Aug.
INFY (2227.40)	Must Buy At 2180—2125	2300	2400—2500	Below 2050	Booked 50% around 2320 on 10th Aug.
RELINFRA (493.45)	Must Buy At 480—460	540	565—590+	Below 450	Booked partial around 520 on 6th Aug.
UNITECH  (21.65)	Must Sell At 20.50—19	23.50	25—26.50	Below 18	Anytime big blast can be seen, Tgt 25+.

 

Past performances

Last Trade (14^th Aug 2012) Performance in all type of equity segment calls: Maximum Profit/Loss: Rs 36100.00 Approx.

Weekly Performance Report (6^th – 10^th August):

http://nse-bse.blogspot.in/2012/08/weekly-performance-report-equity-calls_10.html

Monthly Performance Equity Calls (July):

http://nse-bse.blogspot.in/2012/07/monthly-performance-report-all-types-of.html

Monthly Performance All Nifty Calls (July):

http://nse-bse.blogspot.in/2012/07/monthly-performance-report-nifty.html

Monthly Performance Commodity Calls (July):

http://nse-bse.blogspot.in/2012/07/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.com Visit: http://ibnservices.blogspot.in OR http://www.ibnservice.com/ Call: (91) 9899909899