Daily News Letter Dated 20th September 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: 20 Sep 2012

 

Support & Resistance

NIFTY:

Last Close: 5600.05  (Down 9.95)

Resistance Levels: 5630, 5750, 5900, 6000, 6150

Support Levels: 5330, 5200, 5050, 4910, 4800

SENSEX:

Last Close:  18496.01 (Down 46.30)

Resistance Levels: 18500, 19000, 19500, 20000, 20500

Support Levels: 17700, 17100, 16600, 16300, 15800

Sensex Range This Week: 17500 - 18500 above which it will touch 19100 & Below Target 17000; Good Resistance closing above 19100.

 

Market Commentary:

We do not expect much upside but a profit booking soon. Nifty has crucial hurdle at 5650 closing basis above which it will open for 5850+ levels but before that we foresee a downside of 100+ point. Traders should sell on rise with hedging.

Hot Sectors For Today: Auto & Telecom.

 

Btst/Stbt, Hot in street & Results today

BTST/ STBT in last trade (Fut.):

Relinfra (Sell– 513;  SL- No SL; Tgt  Later)

Hot in Street:

Ifci, Litl, Canbk, Pfc, Pnb, Irb, Andhrabank, bankindia, Renuka, Iob, Zeel, Bhel, Ptc, Ucobank etc.

 

Trading picks for today:

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3	SL	COMMENTS
Hot Today
CHAMBLFERT  (71.65)	Must Buy 71—69.5	73	73.75—74.50	68	Fertilizer stocks can show a good bounce now.
HCLTECH (573.65)	Sell  At 575—585	565	560--555	592	All IT stocks can show 5—8% downside soon.
Derivative- Future (Strategy for today)
RELCAPITAL (375.45)	Sell At  376—383	370	367—364	Abv 390	Max Profits: Unlimited	Profit booking can be seen, sell on rise.
RELCAP CE 380 (10.10)	Buy when you sell Fut.	Hedging Position			Max Loss: Rs. 3500
GRASIM (3125.30)	Sell Around  3130-3190	3070	3040—3010	Abv 3220	Max Profits: Unlimited	One can short n hold for Tgt 2900 soon.
GRASIM CE 3150 (38.5)	Buy when you sell Fut.	Hedging Position			Max Loss: Rs. 3750
Derivative- Option Strategy
BHARTI CE 270 (5.6)	Must Buy At 5—3	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	One must trade & hold for 3—5 days for gain.
BHARTI PE 250 (1.05)	Sell 2 Lot with CE 270
					Max Loss: Rs. 5000
Investment Pick (Long Term)
SUZLON (532667) (17.15)	Must Buy At 17—16	22	25—30+	Worst is over, one should buy at every dip for Tgt 50+

 

Monthly trading picks:

Monthly trading picks for September (Rates as on 4th September)
SKUMARSYN  (18.30)	Must Buy At 17.70—17	20	21—22+	16	Booked 50%l profit at 20.25 on 18 Sep
BANKINDIA  (262.35)	Buy Around 258—250	285	295—305+	242	Booked 50% profit at 298 on 18 Sep
RCOM  (50.15)	Grab Around 49—47	55	58—61+	45	Booked 50% profit at 58 on 18 Sep
HINDALCO  (103.75)	Must Buy At 102—99	112	117—122+	95	Booked 50% profit near 118.5 on 14 Sep

 

Past performances

Last Trade (18^th Sep 2012) Performance in all type of equity segment calls: Maximum Profit/Loss: Rs 58150.00 Approx.

Weekly Performance Report (10^th – 14^th September):

http://nse-bse.blogspot.in/2012/09/weekly-performance-report-equity-calls_14.html

Monthly Performance Equity Calls (Aug):

http://nse-bse.blogspot.in/2012/08/monthly-performance-report-all-types-of_31.html

Monthly Performance All Nifty Calls (Aug):

http://nse-bse.blogspot.in/2012/08/monthly-performance-report-nifty.html

Monthly Performance Commodity Calls (Aug):

http://nse-bse.blogspot.in/2012/08/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