Daily News Letter Dated 19th 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: 19 December 2012

 

Support & Resistance

NIFTY:

Last Close: 5896.80 (Up 38.90)

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

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

SENSEX:

Last Close:  19364.75 (Up 120.33)

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:

Traders should sell on rise or any gap up opening toward 5930—5950 keeping stop loss at 6000 for downside to 5850—5820. No major news expected in the street & profit booking will emerge from higher levels. Market is stuck in narrow range & soon this range will break for downside.

Hot Sectors Today: IT& Auto & Bank.

 

Btst/Stbt, Hot in street & Results today

BTST/ STBT in last trade (Fut.):

Sbin (Sell – 2388; SL-2410; Tgt  Later)

Hot in Street:

Unitech, Zeel, Bhartiartl, Bhel, Sail, Tatasteel, Arvind, Bankindia, Jswsteel, Ptc, Auropharma  etc.

 

Trading picks for today:

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3	SL	COMMENTS
Hot Today
SUZLON  (18.50)	Buy At  18.30—18	19	19.25—19.50	17.70	We have been writing to go long for Tgt 25+.
JSWSTEEL (804.95)	Must Sell At 808—817	792	784—775+	825	Selling pressure can be seen from higher levels
Derivative- Future (Strategy for today)
INFY (2287.65)	Must Buy At  2275-2250	2325	2350—2375	Bel 2220	Max Profits: Unlimited	Low risk strategy for intra-day traders.
INFY PE 2250 (15.30)	Buy when you Buy Fut.	Hedging Position			Max Loss: Rs. 3750
PFC (202.15)	Buy At 202—200	206	208—210+	Bel 198	Max Profits: Unlimited	News based buying can be seen today.
PFC PE 200 (3.55	Buy when you Buy Fut.	Hedging Position			Max Loss: Rs. 4000
Derivative- Option Strategy
TATAMO PE 300 (6.5)	Must Buy At 6—4	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	One must trade & hold for 6—8 days for gain.
TATAMO CE 320  (0.90)	Sell 2 Lot with PE 300
					Max Loss: Rs. 6000
Investment Pick (Long Term)
SKUMARS (514304) (13.55)	Must Buy At 13—11	20	25—30	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 50% at 300 on 18 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 (18^th Dec 2012) Performance in all type of equity segment calls: Maximum Profit/Loss: Rs 37910.00 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