Daily News Letter Dated 9th 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: 9 Aug 2012

 

Support & Resistance

NIFTY:

Last Close: 5338.00 (Up 1.30)

Resistance Levels:  5350, 5450, 5630, 5750, 5900

Support Levels: 5200, 5050, 4910, 4800, 4650, 4550

SENSEX:

Last Close: 17600.56 (Down 1.22)

Resistance Levels:  17700, 18000, 18500, 19000, 19500

Support Levels: 17100, 16500, 16150, 15800, 15300, 15000

Sensex Range This Week: 16500 - 17500 above which it will touch 18000 & Below Target 16100; Good Support closing below 16300.

 

Market Commentary:

Market is in sell mode on every rise now onwards. Nifty may show 5400—5450 but the rally will be short lived. Most of the stocks look tired & need profit booking. Nifty can show 52000-5150 in coming days, one should keep stop loss at 5450.

Hot Sectors For Today: Pharma & Metal.

 

Btst/Stbt, Hot in street & Results today

BTST/ STBT in last trade (Fut.):

Icicibank  (Buy– 968;  Exit Same Day Cost2cost)

Ttkprestig (Sell– 3780;  Book  50% At 3731 Same Day)

Bhartiartl(avg) (Buy– 275;  SL-270; Tgt Later)

Hot in Street:

Hexaware, Jublfood, Bpcl, Hindalco, Indiacem, Ranbaxy, Suntv, Mrf, Infy, Hcltech, Abb, Ster, Sesagoa etc.

 

Trading picks for today:

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3	SL	COMMENTS
Hot Today
ORCHIDCHEM (108.9)	Must Buy 108.5—106	111	112.50—114	104	Technical bounce can be seen, buy at any dip.
BOMDYEING (506.75)	Buy At 505—495	515	520—525	490	Keep an eye for bounce back toward 520--530.
Derivative- Future (Strategy for today)
FORTIS  (100.00)	Buy At  100—98	102	103.50—105	Bel 96.5	Max Profits: Unlimited	Low risk for day traders, buy at dip.
…………..  (……)	………………..	Hedging Position			Max Loss: Rs 3000
GRASIM  (2970.50)	Sell At  2970—3020	2910	2880—2850	Abv 3050	Max Profits: Unlimited	Just go short for Tgt 2800-2700 very soon.
GRASIM CE 3000 (43.8)	Buy when you sell Fut.	Hedging Position			Max Loss: Rs. 3750
Derivative- Option Strategy
RIL PE 780  (11.55)	Must Buy At 11—8	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	One must trade & hold for 1—3 days for gain.
RIL CE 820  (6.95)	Sell 2 Lot with PE 780
					Max Loss: Rs. 3500
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 partial around 58 on 6th Aug.
INFY (2227.40)	Must Buy At 2180—2125	2300	2400—2500	Below 2050	Booked partial around 2290 on 8th 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 (8^th Aug 2012) Performance in all type of equity segment calls: Maximum Profit/Loss: Rs 79100.00 Approx.

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

http://nse-bse.blogspot.in/2012/08/weekly-performance-report-equity-calls_3.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