Daily News Letter Dated 29th 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: 29 Aug 2012
Support & Resistance
NIFTY:
Last Close: 5334.60 (Down 15.65)
Resistance Levels: 5450, 5630, 5750, 5900, 6000
Support Levels: 5200, 5050, 4910, 4800, 4650
SENSEX:
Last Close: 17631.71 (Down 47.10)
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 can show a bounce toward 5370—5390 today but the recovery will be not sustainable. We still see downside toward 5250—5200 this week. Most of the stocks still need a correction of 5—10% soon. Few mid-cap stocks can show good rise.
Hot Sectors For Today: Metals & IT.
Btst/Stbt, Hot in street & Results today
BTST/ STBT in last trade (Fut.):
Bankbaroda (Sell– 627; SL- 635; Tgt Later)
Hot in Street:
Mtnl, Gspl, Rolta, Nmdc, Gmrinfra, Tcs, Petronet, Sunpharma, Itc, Oil, Tatapower, Uniphos, Wipro etc.
Trading picks for today:
SCRIP NAME (CMP) | ENTRY LEVEL | TGT1 | TGT2—3 | SL | COMMENTS | ||
Hot Today | |||||||
IOC (247.15) | Must Buy 247—242 | 252 | 254.5—257 | 239 | News based rally can be seen in Oil Mktg stk. | ||
KOTAKBANK (576.45) | Sell At 578—588 | 568 | 563—558 | 596 | Private sector banks look weak for downside. | ||
Derivative- Future (Strategy for today) | |||||||
TATASTEEL (378.85) | Buy At 378—372 | 385 | 389—393 | Bel 365 | Max Profits: Unlimited | Short covering can be seen, buy at dips. | |
TATASTL PE 380 (4.95) | Buy when you buy Fut. | Hedging Position | Max Loss: Rs 3500 | ||||
IDFC (137.65) | Sell Around 138—141 | 135 | 133.5—132 | Abv 143 | Max Profits: Unlimited | Profit booking can be seen, keep hedge. | |
IDFC CE 140 (0.80) | Buy when you sell Fut. | Hedging Position | Max Loss: Rs. 4000 | ||||
Derivative- Option Strategy | |||||||
TCS PE 1350 (9.65) | Must Buy At 9—5 | Options Trading strategy with High Risk- High Gain. | Max Profits: Unlimited | One must trade & hold for 1—2 days for gain. | |||
TCS CE 1350 (11.05) | Buy 1 Lot with PE 1350 | ||||||
Max Loss: Rs. 5000 | |||||||
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 75% around 2480 on 23rd Aug. |
RELINFRA (493.45) | Must Buy At 480—460 | 540 | 565—590+ | Below 450 | Booked 50% around 535 on 14th Aug. |
UNITECH (21.65) | Must Buy At 20.50—19 | 23.50 | 25—26.50 | Below 18 | Anytime big blast can be seen, Tgt 25+. |
Past performances
Last Trade (28th Aug 2012) Performance in all type of equity segment calls: Maximum Profit/Loss: Rs 94358.00 Approx.
Weekly Performance Report (20th – 24th August):
http://nse-bse.blogspot.in/2012/08/weekly-performance-report-equity-calls_25.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
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