Wednesday, October 17, 2012

Daily News Letter Dated 17th 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: 17 October 2012

 

Support & Resistance

NIFTY:

Last Close: 5648.00 (Down 39.25)

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

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

SENSEX:

Last Close:  18577.70 (Down 135.85)

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:

As alerted again & again market moving the same way. Nifty can find intra-day support around 5600 and a bounce can be seen but major support is around 5450 for time being. We do not see major upside as of now but selling will be seen in coming days too, remain cautious now.

Hot Sectors For Today: IT & Auto.

 

Btst/Stbt, Hot in street & Results today

BTST/ STBT in last trade (Fut.):

Grasim (Sell– 3480; SL- No SL; Tgt  Later)

Hot in Street:

Mcdowell, Exideind, Axisbank, Bhartiartl, Maruti, Cairn, Titan, Hcltech, Techm, Dishtv, Pantaloonr, Hdfc  etc.

 

Trading picks for today:

SCRIP NAME (CMP)

ENTRY LEVEL

TGT1

TGT2—3

SL

COMMENTS

Hot Today

INFY  (2355.70)

Must Buy 2350—2310

2390

2410—2430

2280

We recommend to buy IT stocks at every dip.

AUROPHARM  (154.6)                                                                                                                                                                                                            

Sell At 155—158

152

150.5--149

160

The stock can show free fall, but sell on rise.

Derivative- Future (Strategy for today)

AXISBANK   (1147.90)

Sell At  1150—1170

1130

1120--1110

Abv 1185

Max Profits: Unlimited

One can sell banking stock with hedging.

AXISBK  CE1150  (21.9)

Buy when you sell Fut.

Hedging Position

  Max Loss: Rs. 3750

MARUTI  (1368.40)

Sell Around  1370--1395

1345

1332—1320

Abv 1410

Max Profits: Unlimited

Anytime panic can be seen, sell on rise.

MARUTI CE 1400 (11.1)

Buy when you sell Fut.

Hedging Position

 Max Loss: Rs. 3750

Derivative- Option Strategy

JPASSOC PE 90 (3.50)

Must Buy At 3.5—2.5

Options Trading strategy with High Risk- High Gain.

Max Profits: Unlimited

One must trade & hold for 4—7 days for gain.

JPASSOC CE 95  (1.05)

Sell 2 Lot with PE 90

Max Loss: Rs. 6000

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 (16th Oct 2012) Performance in all type of equity segment calls: Maximum Profit/Loss: Rs 55975.00 Approx.

Weekly Performance Report (8th – 12th 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

 

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