Daily News Letter Dated 31st 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: 31 October 2012
Support & Resistance
NIFTY:
Last Close: 5597.90 (Down 67.70)
Resistance Levels: 5750, 5900, 6000, 6150, 6300
Support Levels: 5600, 5420, 5330, 5200, 5050
SENSEX:
Last Close: 18430.85 (Down 204.97)
Resistance Levels: 19000, 19500, 20000, 20500, 21000
Support Levels: 18300, 18000, 17700, 17100, 16600
Sensex Range This Week: 18500 - 19300 above which it will touch 20000 & Below Target 17500; Good Resistance closing above 19100.
Market Commentary:
Nifty can show further downside in the opening trade but a bounce back can be seen. Nifty can show 5550—5520 & will find support here. Market was waiting for the news to correct finally it tanked heavily. Traders can buy at dips around 5550 for bounce back to 5680—5710 in next 2—4 trading sessions.
Hot Sectors For Today: Bank & Auto.
Btst/Stbt, Hot in street & Results today
BTST/ STBT in last trade (Fut.):
Lichsgfin (Buy – 243; Book Partial At 245.20 Same Day)
Hot in Street:
Mcdowell, Irb, Ktkbank, Dishtv, Bhel, Maruti, Auropharma, Idfc, Suzlon, Renuka, Ioc, Lupin etc.
Trading picks for today:
| SCRIP NAME (CMP) | ENTRY LEVEL | TGT1 | TGT2—3 | SL | COMMENTS | ||
| Hot Today | |||||||
| HEXAWARE (109.25) | Must Buy At 109-106.5 | 111.50 | 113—114.5+ | 105 | Stock is near it’s bottom for bounce to 120+. | ||
| RCOM (53.85) | Buy At 53.50—52.50 | 54.50 | 55—55.5+ | 52 | Just buy & hold for upside toward 65—70+. | ||
| Derivative- Future (Strategy for today) | |||||||
| TATAMOTOR (249.75) | Buy Around 249-244 | 254 | 256.5—259 | Bel 240 | Max Profits: Unlimited | Good stock to buy at any dip for bounce. | |
| TATAMO PE 240 (7.6) | Buy when you Buy Fut. | Hedging Position | Max Loss: Rs. 4000 | ||||
| SBIN (2091.85) | Buy Around 2090-2050 | 2130 | 2150—2170 | Bel 2020 | Max Profits: Unlimited | Banking stocks can bounce, buy at dip. | |
| SBIN PE 2050 (54.15) | Buy when you buy Fut. | Hedging Position | Max Loss: Rs. 3750 | ||||
| Derivative- Option Strategy | |||||||
| LICHSG CE 250 (7.05) | Must Buy At 7—5 | Options Trading strategy with High Risk- High Gain. | Max Profits: Unlimited | One must trade & hold for 1—3 days for gain. | |||
| LICHSG PE 230 (3.7) | Sell 2 Lot with CE 250 | ||||||
| Max Loss: Rs. 10000 | |||||||
| Investment Pick (Long Term) | |||||||
| NETWORK-18 (532798) (37) | Must Buy At 35—31 | 50 | 60—75+ | Volume based buying seen, good for long term invest. | |||
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 (30th Oct 2012) Performance in all type of equity segment calls: Maximum Profit/Loss: Rs 99450.00 Approx.
Weekly Performance Report (22nd – 26th October):
http://nse-bse.blogspot.in/2012/10/weekly-performance-report-equity-calls_27.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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Disclaimer
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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
posted by NSE_BSE at Wednesday, October 31, 2012
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