Daily News Letter Dated 30th 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: 30 Aug 2012

 

Support & Resistance

NIFTY:

Last Close: 5287.80  (Down 46.80)

Resistance Levels: 5450, 5630, 5750, 5900, 6000

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

SENSEX:

Last Close:  17490.81 (Down 140.90)

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:

We expect market to bottom today for a bounce back of 80—100 points in Nifty. Traders can buy at dips around 5270—5250 keeping stop loss 5200 for technical bounce back toward 5350—5380 in next 2—3 days, but the daily trend is down.

Hot Sectors For Today: Infra & Auto.

 

Btst/Stbt, Hot in street & Results today

Hot in Street:

Mcdowell, Welcorp, Lupin, Kotakbank, Tatapower, Ranbaxy, Mtnl, Onmobile, Tatachem, Hexaware, Nhpc etc.

Trading picks for today:

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3	SL	COMMENTS
Hot Today
DLF  (190.85)	Must Buy 190.50—187	194	196—198+	185	Trade with the trend & buy at dip only 4 gain.
MCDOWELL  (978.50)	Sell  At 980—1000	960	950—960	1010	One should sell on rise for short term Tgt 920.
Derivative- Future (Strategy for today)
LT  (1353.25)	Buy At  1352—1325	1377	1390—1404	Bel 1310	Max Profits: Unlimited	Stock can show a bounce toward 1400.
LT PE 1350 (9.85)	Buy when you buy Fut.	Hedging Position			Max Loss: Rs 3750
MARUTI  (1167.00)	Sell Around  1167-1190	1145	1135—1125	Abv 1200	Max Profits: Unlimited	Trade with tight SL for intra-day profits.
…………… (……)	Buy when you sell Fut.	Hedging Position			Max Loss: Rs. 2500
Derivative- Option Strategy
BHARTI CE 240 (3.5)	Must Buy At 3.5—2	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	One must trade & hold for today for gain.
BHARTI PE 240 (1.4)	Buy 1 Lot with CE 240
					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 BuyAt 20.50—19	23.50	25—26.50	Below 18	Anytime big blast can be seen, Tgt 25+.

 

Past performances

Last Trade (29^th Aug 2012) Performance in all type of equity segment calls: Maximum Profit/Loss: Rs 6900.00 Approx.

Weekly Performance Report (20^th – 24^th 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