India Stock (A Unit of IBN Services)..Know the market with us..Call us on (91)9899-90-9899: Daily News Letter Dated 11th December 2012-Gain from us. Visit: http://www.ibnservices.in/ OR http://ibnservices.blogspot.in OR http://nse-bse.blogspot.in OR http://mcx-ncdex.blogspot.in

Daily News Letter

Date: 11 December 2012

Support & Resistance

NIFTY:

Last Close: 5908.90 (Up 1.50)

Resistance Levels: 6000, 6130, 6200, 6350, 6500

Support Levels: 5700, 5600, 5420, 5330, 5200, 5050

SENSEX:

Last Close: 19409.69 (Down 14.41)

Resistance Levels: 19800, 20300, 20500, 21000, 21500

Support Levels: 18650, 18300, 18000, 17700, 17100, 16600

Sensex Range This Week: 18800 - 19800 above which it will touch 20300 & Below Target 18300; Good Support closing below 18000.

Market Commentary:

All eyes will be on global news which can be out in next 24—48 hours and as per charts it can be bad for all the markets. Market is waiting for a correction and it can happen very soon, but traders should keep stop loss at 6050 closing basis for any short positions.

Hot Sectors For Today: IT & Infra.

Btst/Stbt, Hot in street & Results today

BTST/ STBT in last trade (Fut.):

Yesbank (Buy – 460.50; SL- 457; Tgt Later )

Hot in Street:

Ktkbank, Vijayabank, Ucobank, Hdfcbank, Orientbank, Bankindia, Bankbaroda, Idbi, Rcom etc.

Trading picks for today:

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3	SL	COMMENTS
Hot Today
IDBI (114.00)	Risky Sell At 114.5-116	111.50	110—108.50	117.5	Profit booking can be seen, take a risk to sell.
INFY (2313.45)	Buy At 2310—2285	2360	2385—2410	2260	Technical bounce can be seen, buy with hedge.
Derivative- Future (Strategy for today)
RELCAPITAL (461.30)	Must Sell At 463—468	454	450—445	Abv 475	Max Profits: Unlimited	News based panic can be seen today.
RELCAP CE 460(20.35)	Buy when you Sell Fut.	Hedging Position		Abv 475	Max Loss: Rs. 3500	News based panic can be seen today.
LT (1675.15)	Sell At 1680—1700	1650	1635—1620	Abv 1720	Max Profits: Unlimited	One can go short with buying option.
LT CE 1700 (26.7)	Buy when you Sell Fut.	Hedging Position		Abv 1720	Max Loss: Rs. 5000	One can go short with buying option.
Derivative- Option Strategy
RCOM PE 75 (2.70)	Must Buy At 2.50—2	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	One must trade & hold for 4—7 days for gain.
RCOM CE 85 (1.15)	Sell 2 Lot with PE 75				Max Profits: Unlimited
RCOM CE 85 (1.15)	Sell 2 Lot with PE 75				Max Loss: Unlimited
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 December
……………….. (334.0)	Must Sell Fut. 340—350	310	295—280	Above 360	Stock can show a dip toward 300—280.
………………... (2006.55)	Sell Fut. At 2040—2100	1900	1850—1800	2150	Anytime panic can be seen, soon tgt 1800
………………….. (713.00)	Must Buy At 710—690	780	800—825+	675	Low risk scrip for short to medium term
……………………(108.3)	Must Buy At 105—100	117	123—130+	97	Wkly chart shows a buying opportunity.