Daily News Letter Dated 2nd November 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: 2 November 2012

 

Support & Resistance

NIFTY:

Last Close: 5642.50 (Up 22.80)

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

Support Levels: 5600, 5420, 5330, 5200, 5050

SENSEX:

Last Close:  18561.70 (Up 56.32)

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:

Time to sell on rise today. Nifty can show a gap up opening toward 5660—5680 where one can sell keeping stop loss at 5720 for downside to 5570—5520 in next 2—3 days. Trade with tight stop loss or keep proper hedge of options. All eyes will be on global news for next few days.

Hot Sectors For Today: IT & R-group.

 

 Btst/Stbt, Hot in street & Results today

BTST/ STBT in last trade (Fut.):

Tatamotors  (Sell – 268; SL- No SL; Tgt Later)

Hot in Street:

Titan, Auropharma, Pantaloonr, Hdil, Bhartiartl, Biocon, Cipla, Suzlon, Ptc, Relinfra, Idfc, Wipro, Voltas etc.

 

Trading picks for today:

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3	SL	COMMENTS
Hot Today
BHARTIARTL (281.15)	Must Sell At 282—287	277	274.5—272	290	Profit booking can be seen, Major resis at 294
CROMPGREA (124.15)	Buy At 124—121	127	128.5—130+	119	Low risk scrip for 2—4 days, buy at dip only.
Derivative- Future (Strategy for today)
WIPRO (361.00)	Sell Around 361--367	355	352—348	Abv 373	Max Profits: Unlimited	Take a risk to sell on rise for fall to 350.
WIPRO CE 380 (4.20)	Buy when you Sell Fut.	Hedging Position			Max Loss: Rs. 3000
RELINFRA (486.25)	Sell Around  487-495	478	474—470	Abv 503	Max Profits: Unlimited	Some bad news can show profit booking.
RELINR CE 500  (12.90)	Buy when you Sell Fut.	Hedging Position			Max Loss: Rs. 4000
Derivative- Option Strategy
TATAMOT PE260 (7.25)	Must Buy At 7--5	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	One must trade & hold for 2—4 days for gain.
TATAMOT CE 290 (3.1)	Sell 2 Lot with PE 260
					Max Loss: Rs. 10000
Investment Pick (Long Term)
JISLJALEQS (500219) (65.4)	Must Buy At 65—60	85	100—120	Stock looks highly oversold on charts, go long at dips.

 

Monthly trading picks:

Monthly trading picks for November
………………(……)	Must Buy At 122—118	132	136—140	Below 115	Stock can show good bounce this month.
…………….. (……)	Must Buy At 300—290	330	340—350+	284	One can buy at dip for good upside soon.
………………. (…..)	Must Buy At 63—61	70	73—77+	58	Low risk scrip for short term traders.
…………..  (……)	Must Buy At 325—315	355	365—375+	309	Trade with trend expected good upside.

 

Past performances

Last Trade (1^st Nov 2012) Performance in all type of equity segment calls: Maximum Profit/Loss: Rs 40685.00 Approx.

Weekly Performance Report (22^nd – 26^th October):

http://nse-bse.blogspot.in/2012/10/weekly-performance-report-equity-calls_27.html

Monthly Performance Equity Calls (October):

http://nse-bse.blogspot.in/2012/10/monthly-performance-report-all-types-of.html

Monthly Performance All Nifty Calls (October):

http://nse-bse.blogspot.in/2012/10/monthly-performance-report-nifty.html

Monthly Performance Commodity Calls (October):

http://nse-bse.blogspot.in/2012/10/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