Daily News Letter Dated 20th 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: 20 December 2012

 

Support & Resistance

NIFTY:

Last Close: 5929.60 (Up 32.80)

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

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

SENSEX:

Last Close:  19476.00 (Up 111.25)

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 is tired of rising further & if manages to close above 6000 mark for two consecutive days then it will open for 6200+ in coming but chances are less as rollover can show profit booking in most of the stocks. We still do not agree to buy at dips rather sell on rise for gain soon.

Hot Sectors For Today: IT& Banking.

 

Btst/Stbt, Hot in street & Results today

BTST/ STBT in last trade (Fut.):

Tatasteel (Sell – 425; SL-No SL; Tgt  Later)

Hot in Street:

Adanipower, Ktkbank, Pel, Sunpharma, Gspl, Sintex, Suzlon, Tatamotors, Wipro, Ongc, Colpal etc.

 

Trading picks for today:

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3	SL	COMMENTS
Hot Today
HEXAWARE  (89.50)	Buy At  89—87.50	91	92—93	86	One of the best pick among mid-cap IT stocks.
FEDERALBK (527.80)	Must Sell At 530—535	520	515—510	540	Take a risk to sell on any rise for downside.
Derivative- Future (Strategy for today)
LT (1638.40)	Must Buy At  1635-1620	1665	1680—1695	Bel 1600	Max Profits: Unlimited	Technical buying can be seen, Tgt 1700+.
LT PE 1600 (13.55)	Buy when you Buy Fut.	Hedging Position			Max Loss: Rs. 5000
YESBANK (471.10)	Sell At 472—477	462	458—454	Abv 480	Max Profits: Unlimited	Not much upside, go short & hold for 440.
YESBK  CE 480 (4.05)	Buy when you Sell Fut.	Hedging Position			Max Loss: Rs. 3000
Derivative- Option Strategy
TATASTL PE 420 (5.40)	Must Buy At 5—3	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	One must trade & hold for 4—7 days for gain.
TATASTL CE 440  (2.35)	Sell 2 Lot with PE 420
					Max Loss: Rs. 5000
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 (19^th Dec 2012) Performance in all type of equity segment calls: Maximum Profit/Loss: Rs 90.00 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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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