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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