Daily News Letter Dated 11th October 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: 11 October 2012

 

Support & Resistance

NIFTY:

Last Close: 5652.15 (Down 52.45)

Resistance Levels:  5750, 5900, 6000, 6150, 6300

Support Levels: 5420, 5330, 5200, 5050, 4910

SENSEX:

Last Close:  18631.10 (Down 162.26)

Resistance Levels:  19000, 19500, 20000, 20500,  21000

Support Levels: 18000, 17700, 17100, 16600, 16300

Sensex Range This Week: 18000 - 19300 above which it will touch 20000 & Below Target 17500; Good Resistance closing above 19100.

 

Market Commentary:

We have been alerting all to sell on rise & same is reflecting in the market. Nifty will find intra-day support at 5630 below which can open toward 5450 which will act as a good support for current rally. Traders should remain short for time-being revising stop loss to 5750 closing.

Hot Sectors For Today: Telecom & Metal

 

Btst/Stbt, Hot in street & Results today

BTST/ STBT in last trade (Fut.):

Cairn (Buy– 328.35;  SL- No SL; Tgt  Later)

Hot in Street:

Jpassociat, Titan, Ktkbank, Gspl, Hcltech, Itc, Abb, Techm, Jswsteel, Indiacem, Tatasteel, Pnb, Auropharma   etc.

 

Trading picks for today:

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3	SL	COMMENTS
Hot Today
RELINFRA (504.70)	Must Buy 503—493	514	519—524	485	All Adag stocks can bounce today after a dip.
FINANTECH (1011.30)	Sell At 1010—1030	990	980--970	1040	Anytime panic selling can be seen, Sell & hold.
Derivative- Future (Strategy for today)
TATASTEEL  (413.55)	Sell At  414—422	406	402--398	Abv 428	Max Profits: Unlimited	Trade with hedging for good gain today.
TATASTL CE 420  (10.6)	Buy when you sell Fut.	Hedging Position			Max Loss: Rs. 3000
JPASSOCIAT  (86.50)	Sell Around  87--89	85	84—83	Abv 90	Max Profits: Unlimited	Stock can show down side toward 80 soon.
JPASS CE 90 (2.5)	Buy when you sell Fut.	Hedging Position			Max Loss: Rs. 4000
Derivative- Option Strategy
BHARTI CE 260  (8.95)	Must Buy At 8.5—7	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	One must trade & hold for 3—5 days for gain.
BHARTI PE 250 (3.00)	Sell 2 Lot with CE 260
					Max Loss: Rs. 7000
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 October (Rates as on 28th September)
GRASIM  Fut. (3342.2)	Must Sell At 3370—3450	3050	2900—2750	3500	Booked 50% at 2850 on 5th October.
IDFC Fut. (155.35)	Sell Around  158—163	142	137—132	167	Booked 50% at 135 on 5th October.
MCDOWELL  (1238.0)	Sell Around 1260—1300	1130	1090—1050	1330	Booked partial at 1170 on 8th October.
OPTOCIRCUI  (130.7)	Must Buy At 130—125	142	147—152	122	Booked partial at 141.50 on 8th October.

 

Past performances

Last Trade (10^th Oct 2012) Performance in all type of equity segment calls: Maximum Profit/Loss: Rs 46200.00 Approx.

Weekly Performance Report (24^th – 28^th September):

http://nse-bse.blogspot.in/2012/09/weekly-performance-report-equity-calls_28.html

Monthly Performance Equity Calls (Sept):

http://nse-bse.blogspot.in/2012/09/monthly-performance-report-all-types-of.html

Monthly Performance All Nifty Calls (Sept):

http://nse-bse.blogspot.in/2012/09/monthly-performance-report-nifty.html

Monthly Performance Commodity Calls (Sept):

http://nse-bse.blogspot.in/2012/09/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