Daily News Letter Dated 19th 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: 19 October 2012

 

Support & Resistance

NIFTY:

Last Close: 5718.70 (Up 58.45)

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

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

SENSEX:

Last Close:  18791.93 (Up 181.16)

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:

Time to go short at any rise today for downside to 5650—5600 in next 2—3 days. We expect F&O expiry to happen around 5600—5550. Nifty has good resistance at 5750 closing basis for two consecutive days, Trade with stop loss.

Hot Sectors For Today: Infra & Bank.

 

Btst/Stbt, Hot in street & Results today

BTST/ STBT in last trade (Fut.):

Sbin (Sell– 2268; SL- No SL; Tgt  Later)

Hot in Street:

Ibreaest, Ktkbank, Axisbank, Tatasteel, Relinfra, Indiacem, Denabank, Hdil, Idfc, Bankindia, Albk etc.

 

Trading picks for today:

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3	SL	COMMENTS
Hot Today
ONGC  (278.80)	Must Buy 278—273	283	286—289	270	Oil-gas stocks can show a rally now onwards.
GRASIM (3479.75)	Sell At 3480—3540	3410	3380--3350	3570	We do not sell much upside in cement stocks.
Derivative- Future (Strategy for today)
AXISBANK  (1204.90)	Sell At  Opening Bell	1180	1168--1155	Abv 1250	Max Profits: Unlimited	Banking stocks can show good fall today.
AXIS CE 1200(24.20)	Buy when you sell Fut.	Hedging Position			Max Loss: Rs. 5000
RELCAPITAL (457.15)	Sell Around  458--468	448	444—440	Abv 474	Max Profits: Unlimited	Profit booking can be seen, Tgt 430 soon
RELCAP CE 460 (9.20)	Buy when you sell Fut.	Hedging Position			Max Loss: Rs. 3000
Derivative- Option Strategy
LT PE 1650 (18.95)	Must Buy At 18—12	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	One must trade & hold for 2—5 days for gain.
LT CE 1700  (7.85)	Sel1 Lot with PE 1650
					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 1180 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 (18^th Oct 2012) Performance in all type of equity segment calls: Maximum Profit/Loss: Rs 47700.00 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