Daily News Letter Dated 12th 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: 12 October 2012

 

Support & Resistance

NIFTY:

Last Close: 5708.05 (Up 55.90)

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

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

SENSEX:

Last Close:  1880.75 (Up 173.65)

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:

Nifty can show a downward movement today after Infosys result. Any spike in the market will be a good opportunity to sell for short term target 5450—5300. Nifty still has good resistance closing above 5850. Most of the stocks looking tired & anytime panic will be seen.

Hot Sectors For Today: IT & Banking

 

Btst/Stbt, Hot in street & Results today

BTST/ STBT in last trade (Fut.):

Grasim (Sell– 3375;  Book Partial At 3355 Same Day)

Infy  (Sell– 2560;  Book 50% At 2507.50 Same Day)

Infy Ce 2600 (hedge) (Buy – 78)

Hot in Street:

Auropharma, Denabank, Pantaloonr, Voltas, Ucobank, Relcapital, Bajajhind, Suntv, Bhel, Relinfra, Bankbaroda etc.

 

Trading picks for today:

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3	SL	COMMENTS
Hot Today
HINDPETRO  (310.75)	Must Buy 310—304	316	319—322	300	Keep an eye for bounce from lower level today
RPOWER  (101.85)	Sell At 102—104	100	99--98	105	Adag stocks can show profit booking today.
Derivative- Future (Strategy for today)
SBIN   (2278.2)	Sell At  2280—2320	2240	2220--2200	Abv 2350	Max Profits: Unlimited	Panic selling can be seen with the market.
SBIN CE 2300 (46.90)	Buy when you sell Fut.	Hedging Position			Max Loss: Rs. 3750
GRASIM  (3372.45)	Sell Around  3370--3430	3310	3280—3250	Abv 3460	Max Profits: Unlimited	One should sell & hold for Tgt 3000.
…………… (….)	Buy when you sell Fut.	Hedging Position			Max Loss: Rs. 3750
Derivative- Option Strategy
NIFTY PE 5700  (50.4)	Must Buy At 50—40	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	One must trade & hold for 3—5 days for gain.
NIFTY CE 5900 (16.5)	Sell 2 Lot with PE 5700
					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 (11^th Oct 2012) Performance in all type of equity segment calls: Maximum Profit/Loss: Rs 44480.00 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