Daily News Letter Dated 17th 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: 17 December 2012

 

Support & Resistance

NIFTY:

Last Close: 5879.60 (Up 28.10)

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

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

SENSEX:

Last Close:  19317.25 (Up 87.99)

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:

Profit booking will continue at any rise. Nifty will show good resistance at 5950 & support at 5800 and any side break and close will show sharp movements. All eyes will be on RBI meeting which will give further direction to the market, but global markets can show profit booking.

Hot Sectors For Today: Oil-gas & Auto

 

Btst/Stbt, Hot in street & Results today

BTST/ STBT in last trade (Fut.):

Yesbank (Sell – 461; SL-463; Made exit at cost to cost same day)

Infy (Buy – 2290; SL-2270; Tgt  Later)

Hot in Street:

Unionbank, Hindzinc, Vijayabank, Denabank, Adaniports, Ofss, Bankbaroda, Hindalco, Orientbank, Sesagoa etc.

 

Trading picks for today:

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3	SL	COMMENTS
Hot Today
ABB  (699.20)	Buy At  695—687	710	717—724+	680	Stock is near bottom for good bounce v. soon
HEXAWARE (89.00)	Must Buy At 88—86	91	92.50—94+	84.50	Start buying at every dip 4 good bounce soon.
Derivative- Future (Strategy for today)
LT (1649.95)	Must Buy At  1645-1630	1675	1690—1710	Bel 1615	Max Profits: Unlimited	Technical bounce up can be seen till exp.
LT PE 1600 (9.85)	Buy when you Buy Fut.	Hedging Position			Max Loss: Rs. 3750
M&M (956.70)	Sell At 960—970	940	930—920	Abv 980	Max Profits: Unlimited	Auto stocks can show profit booking today.
M&M CE 960 (14.55)	Buy when you Sell Fut.	Hedging Position			Max Loss: Rs. 5000
Derivative- Option Strategy
ONGC CE 260 (2.50)	Must Buy At Any Dip	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	One must trade & hold for 4—7 days for gain.
ONGC PE 250  (1.75)	Sell 2 Lot with CE 260
					Max Loss: Rs. 6000
Investment Pick (Long Term)
ALOKTEXT (521070) (10.55)	Must Buy At 10—8	15	18—22+	Buy in bulk for Tgt 20—30 very soon, very low risk.

 

Monthly trading picks:

Monthly trading picks for December
BHARTIARTL (334.0)	Must Sell Fut. 340—350	310	295—280	Above 360	Booked partial profit at 310 on 12 Dec.
MCDOWELL (2006.55)	Sell  Fut. At 2040—2100	1900	1850—1800	2150	Booked partial profit at 1880 on 13 Dec.
……………..  (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 (14^th Dec 2012) Performance in all type of equity segment calls: Maximum Profit/Loss: Rs 38850.00 Approx.

Weekly Performance Report (10^th – 14^th December):

http://nse-bse.blogspot.in/2012/12/weekly-performance-report-equity-calls_16.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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Performance of our calls in equity market: http://nse-bse.blogspot.in

Performance of our calls in commodity market: http://mcx-ncdex.blogspot.in

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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