Daily News Letter Dated 21st 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: 21 December 2012

 

Support & Resistance

NIFTY:

Last Close: 5916.40 (Down 13.20)

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

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

SENSEX:

Last Close:  19453.92 (Down 22.08)

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:

Nifty will show both side movements. Nifty has been trading in narrow range for whole month & soon this range will break & further movements can be seen. Nifty has good support at 5800 on downside & resistance at 5950 on upside.

Hot Sectors For Today: IT& Metals.

 

Btst/Stbt, Hot in street & Results today

BTST/ STBT in last trade (Fut.):

SBIN (Sell – 2408; Book Partial At 2390 Same Day)

Hot in Street:

Idea, Auropharma, Welcorp, Colpal, Tatasteel, Canbk, Sbin, Bankindia, Tcs, Zeel, Idbi etc.

 

Trading picks for today:

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3	SL	COMMENTS
Hot Today
ABB  (698.95)	Buy At  695—688	708	715—722	680	Time to buy at any dip for good upside soon.
CIPLA  (424.85)	Must Sell At 426—430	418	414—410	435	Profit booking can be seen from higher levels.
Derivative- Future (Strategy for today)
WIPRO (382.90)	Must Buy At  382-378	390	393—396	Bel 372	Max Profits: Unlimited	All IT stocks will show a good bounce.
WIPRO PE 380 (3.7)	Buy when you Buy Fut.	Hedging Position			Max Loss: Rs. 3000
BHARTIARTL (318.40)	Sell At 320—324	314	311—308	Abv 328	Max Profits: Unlimited	Trade with the trend & keep hedging.
BHARTI CE 320 (4.60)	Buy when you Sell Fut.	Hedging Position			Max Loss: Rs. 4000
Derivative- Option Strategy
IDEA PE 100 (2.15)	Must Buy At 2—1.5	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	One must trade & hold for 4—7 days for gain.
IDEA CE 105 (0.40)	Sell 2 Lot with PE 100
					Max Loss: Rs. 8000
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 (20^th Dec 2012) Performance in all type of equity segment calls: Maximum Profit/Loss: Rs 2590.00 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