Daily News Letter Dated 7th 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: 7 Sep 2012

 

Support & Resistance

NIFTY:

Last Close: 5238.40  (Up 12.70)

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

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

SENSEX:

Last Close:  17346.27 (Up 32.93)

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:

It will another volatile day & traders can buy at dips around 5220—5200 keeping stop loss at 5180 for upside toward 5270-5300. We expect the market to rise in coming days and it can be fireworks on street for next 1—2 months, trade with proper hedging & keeping tight stop loss.

Hot Sectors For Today: Oil-Gas & Fmcg.

 

Btst/Stbt, Hot in street & Results today

BTST/ STBT in last trade (Fut.):

Infy (Sell– 2435;  SL- 2450; Tgt Later)

Hot in Street:

Onmobile, Wipro, Hexaware, Lupin, Aban, Polaris, Acc, Mtnl, Hindoilexp, Hindpetro, Infy, Auropharma etc.

 

Trading picks for today:

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3	SL	COMMENTS
Hot Today
ONGC  (274.60)	Must Buy 274—269	279	281.5—284	265	Closely watch all Oil-Gas stocks today for rise.
INDIACEM  (81.00)	Buy  At 81—79	83	84—85+	78	Cement stocks are looking hot, buy at any dip.
Derivative- Future (Strategy for today)
STER (94.30)	Buy At  94—92	96	97—98	Bel 90	Max Profits: Unlimited	Low risk pick for day trader, Tgt 97+.
STER PE 90 (2.00)	Buy when you buy Fut.	Hedging Position			Max Loss: Rs. 4000
WIPRO  (378.60)	Sell Around  380—387	373	370—366	Abv 393	Max Profits: Unlimited	IT stocks should be sold on rise today.
WIPRO CE 380 (8.5)	Buy when you sell Fut.	Hedging Position			Max Loss: Rs. 3000
Derivative- Option Strategy
TCS PE 1350 (20.00)	Must Buy At 20—15	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	One must trade & hold for 4—7 days for gain.
TCS CE 1450 (7.85)	Sell 2 Lots with PE 1350
					Max Loss: Rs. 5000
Investment Pick (Long Term)
SKUMARS (514304) (17.70)	Must Buy At 17.50—16	25	28—32+	Accumulate in bulk quantity for long term Tgt 30--40

 

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 (6^th Sep 2012) Performance in all type of equity segment calls: Maximum Profit/Loss: Rs 43650.00 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