Daily News Letter Dated 12th 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: 12 December 2012

 

Support & Resistance

NIFTY:

Last Close: 5898.80 (Down 10.10)

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

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

SENSEX:

Last Close:  19387.14  (Down 22.55)

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:

Market will show panic in coming days too and every sharp rise will follow by sharp selling. Traders have been advised to remain short in most of the stocks keeping either SL or hedging with options. Nifty has good resistance at 6000 and support at 5800 for time being.

Hot Sectors For Today: IT & R-Group.

 

Btst/Stbt, Hot in street & Results today

BTST/ STBT in last trade (Fut.):

Relinfra  (Buy – 510; Book 50% At 519 Same Day )

Hot in Street:

Pel, Mcdowell, Nmdc, Bajajauto, Indiacem, Sunpharma, Acc, Hdfc, Sintex, Itc, Bpcl, Techm etc.

 

Trading picks for today:

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3	SL	COMMENTS
Hot Today
ICICIBANK (1122.65)	Sell At  1125-1140	1105	1095—1085	1150	All banking stocks are looking overbought.
HEXAWARE  (91.65)	Buy At 91—90	93	94—95	89	Short  covering can be seen up to 95 +++.
Derivative- Future (Strategy for today)
ONGC (259.60)	Must Buy At  259—256	264	266.50—269	Bel 253	Max Profits: Unlimited	Buy at dips for short term Tgt 270+.
ONGC PE 260(4.75)	Buy when you Buy Fut.	Hedging Position			Max Loss: Rs. 3000
LICHSGFIN  (275.00)	Sell At 277—280	272	269—266	Abv 283	Max Profits: Unlimited	One can go short with buying option.
LIC CE 280 (4.85)	Buy when you Sell Fut.	Hedging Position			Max Loss: Rs. 3000
Derivative- Option Strategy
INFY CE 2350 (28.8)	Must Buy At 25—17	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	One must trade & hold for 4—7 days for gain.
INFY PE 2200  (10.00)	Sell 2 Lot with CE 2350
					Max Loss: 5000
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.

 

Past performances

Last Trade (11^th Dec 2012) Performance in all type of equity segment calls: Maximum Profit/Loss: Rs 79600.00.00 Approx.

Weekly Performance Report (3^rd – 7^th December):

http://nse-bse.blogspot.in/2012/12/weekly-performance-report-equity-calls.html

Monthly Performance Equity Calls (November):

http://nse-bse.blogspot.in/2012/11/monthly-performance-report-all-types-of.html

Monthly Performance All Nifty Calls (November):

http://nse-bse.blogspot.in/2012/11/monthly-performance-report-nifty.html

Monthly Performance Commodity Calls (November):

http://nse-bse.blogspot.in/2012/11/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.ibnservices.in/ Call: (91) 9899909899