Daily News Letter Dated 6th 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: 6 December 2012

 

Support & Resistance

NIFTY:

Last Close: 5900.50  (Up 11.25)

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

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

SENSEX:

Last Close:  19391.86  (Up 43.74)

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 may open gap up but chances of sustaining higher levels are speculative. Bulls are looking tired and waiting for any news to give bears an upper hand. FDI bill need further support from Rajya Sabha & which seems to be tough. Nifty has next hurdle at 5950 closing basis.

Hot Sectors Today: Infra & R-Group.

 

Btst/Stbt, Hot in street & Results today

BTST/ STBT in last trade (Fut.):

Hindalco  (Sell – 121.50; SL- 123; Tgt  Later ) 

Hot in Street:

Ster,  Sesagoa,  Hindalco, Pantaloonr,  Hindalco, Dlf, Renuka, Welcorp, Jswsteel, Dishtv, Arvind etc.

 

Trading picks for today:

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3	SL	COMMENTS
Hot Today
BHARTIART (330.40)	Must Sell At Gap Up	325	322—319	342	One should sell only if opens with big gap up.
ICICIBANK  (1119.80)	Sell At 1120—1130	1100	1090—1080	1140	Take a risk to sell on any rise for good fall.
Derivative- Future (Strategy for today)
RELIANCE (836.05)	Sell At  837—845	823	815—807	Abv 855	Max Profits: Unlimited	Low risk scrip for short term traders.
RIL CE 840 (16.50)	Buy when you Sell Fut.	Hedging Position			Max Loss: Rs. 2500
PANTALOON (238.75)	Sell At Gap Up Opening	235	232.5—230	Abv 250	Max Profits: Unlimited	Limited upside left but free fall anytime.
PANTA CE 260 (20.00)	Buy when you Sell Fut.	Hedging Position			Max Loss: Rs. 5000
Derivative- Option Strategy
AXISB PE1300  (20.4)	Must Buy At 20—14	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	One must trade & hold for 4—7 days for gain.
AXISB CE 1400  (16.55)	Sell 2 Lot with PE 1300
					Max Loss: Unlimited
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	330	340—350+	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 (5^th Dec 2012) Performance in all type of equity segment calls: Maximum Profit/Loss: Rs 13990.00.00 Approx.

Weekly Performance Report (26^th – 29^th November):

http://nse-bse.blogspot.in/2012/11/weekly-performance-report-equity-calls_30.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