Daily News Letter Dated 16th 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: 16 October 2012

 

Support & Resistance

NIFTY:

Last Close: 5687.25 (Up 11.20)

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

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

SENSEX:

Last Close:  18713.55 (Up 38.37)

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:

The sea-saw movements will continue in the market but bears will have upper hand at every rise. Nifty will find resis at 5760 for time being & close above can show a reversal toward crucial resistance of 5850. We expect the Nifty to touch 5600 & below in 1—2 trading sessions.

Hot Sectors For Today: IT & Banking.

 

Btst/Stbt, Hot in street & Results today

BTST/ STBT in last trade (Fut.):

Icicibank  (Sell– 1055; SL- 1065; Tgt  Later)

Reliance  (Sell– 832; SL- No SL; Tgt  Later)

Reliance  Ce  840  (Hedge)  (Buy– 13.80)

Hot in Street:

Suzlon, Syndibank, Suntv, Denabank, Bhel, Cipla. Ranbaxy, Hdil, Ucobank, Uniphos, Ktkbank, Itc, Ongc etc.

 

Trading picks for today:

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3	SL	COMMENTS
Hot Today
CHAMBLFERT  (70.95)	Must Buy 70.50—69	72	72.8—73.5	68	Technical bounce can be seen from lower level.
CENTURYTEX  (392.4)	Sell At 393—400	386	383--380	405	Any rise is a good selling opportunity, Tgt 360.
Derivative- Future (Strategy for today)
GRASIM   (3439.10)	Sell At  3440—3500	3380	3350--3320	Abv 3530	Max Profits: Unlimited	We r highly bearish for next 2—3 month.
…………..  (……)	Buy when you sell Fut.	Hedging Position			Max Loss: Rs. 3750
BHEL (249.25)	Sell Around  250--255	245	242.5—240	Abv 260	Max Profits: Unlimited	Profit booking will emerge at every rise.
BHEL CE 260 (3.20)	Buy when you sell Fut.	Hedging Position			Max Loss: Rs. 5000
Derivative- Option Strategy
ICICIB PE 1050 (19.20)	Must Buy At 19—15	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	One must trade & hold for 4—7 days for gain.
ICICIB CE 1100  (8.05)	Sell 2 Lot with PE 1050
					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 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 (15^th Oct 2012) Performance in all type of equity segment calls: Maximum Profit/Loss: Rs 57600.00 Approx.

Weekly Performance Report (8^th – 12^th October):

http://nse-bse.blogspot.in/2012/10/weekly-performance-report-equity-calls_12.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