Daily News Letter Dated 5th 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: 5 Sep 2012

 

Support & Resistance

NIFTY:

Last Close: 5274.00  (Up 20.25)

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

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

SENSEX:

Last Close:  17440.87 (Up 56.47)

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:

Traders should sell on rise toward 5300—5320 keeping stop loss 5350 for profit booking till mid-session. We are almost bottoming out & may be from next week onward we can see sharp upside toward 5450—5500+ levels, support lies at 5130.

Hot Sectors For Today: Textile & IT.

 

Btst/Stbt, Hot in street & Results today

BTST/ STBT in last trade (Fut.):

Hcltech (Sell– 565;  SL- 570; Tgt Later)

Hot in Street:

Aban, Hdil. Sintex, Polaris, Rolta, Pfc, Gmrinfra, Rcom, Educomp, Ktkbank, Essaroil, Relcapital, Litl etc.

 

Trading picks for today:

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3	SL	COMMENTS
Hot Today
ASHOKLEY  (21.00)	Must Buy 20.80—20.20	21.5	21.75—22+	19.90	One can go long at every dip for good upside.
SKUMARSYNF  (18.30)	Buy  At 18.10—17.70	18.5	18.75—19+	17.20	Highly oversold on charts, buy at dip Tgt 22+.
Derivative- Future (Strategy for today)
JPASSOCIAT (65.25)	Buy At  65—63.5	66.5	67.30—68	Bel 62.5	Max Profits: Unlimited	News based buying can emerge, keep SL.
JPASS PE 65  (3.10)	Buy when you buy Fut.	Hedging Position			Max Loss: Rs. 4000
PANTALOONR  (137.7)	Buy Around  137.5-135	140	141.5—143	Bel 133	Max Profits: Unlimited	News based buying will emerge, go long.
……………….(……)	Buy when you buy Fut.	Hedging Position			Max Loss: Rs. 4000
Derivative- Option Strategy
IDFC CE 130 (4.75)	Must Buy At 4.5—3.50	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	One must trade & hold for 4—7 days for gain.
IDFC PE 120  (1.20)	Sell 2 Lots with CE 130
					Max Loss: Rs. 7000
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 September (Rates as on 4th September)
SKUMARSYN  (18.30)	Must Buy At 17.70—17	20	21—22+	16	One should accumulate for good upside.
BANKINDIA  (262.35)	Buy Around 258—250	285	295—305+	242	One of the best pick among banking stk.
RCOM  (50.15)	Grab Around 49—47	55	58—61+	45	All telecom stocks should be bought now.
HINDALCO  (103.75)	Must Buy At 102—99	112	117—122+	95	Metal stocks can show a good upside.

 

Past performances

Last Trade (4^th Sep 2012) Performance in all type of equity segment calls: Maximum Profit/Loss: Rs 69050.00 Approx.

Weekly Performance Report (27^th – 31^st August):

http://nse-bse.blogspot.in/2012/08/weekly-performance-report-equity-calls_31.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