Daily News Letter Dated 7th 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: 7 December 2012

 

Support & Resistance

NIFTY:

Last Close: 5930.90  (Up 30.40)

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

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

SENSEX:

Last Close:  19486.80  (Up 94.94)

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:

Our chart do not show a good upside but anytime panic will be seen. After FDI issue next big event will be RBI meet which will give direction to the market. We again warn that coming 3—6 months will be worst for world markets and a maximum upside of 1—2% can be seen but a slide of 8--10% is coming soon.

Hot Sectors For Today: Metals& Bank.

 

Btst/Stbt, Hot in street & Results today

BTST/ STBT in last trade (Fut.):

Axisbank (Sell – 1360; SL Hits At 1375 Same Day )

Nmdc (Buy – 164.20; SL- 162.50; Tgt  Later ) 

Hot in Street:

Unitech, Indiacem, Yesbank, Relcapital. Rpower, Albk, Sbin, Pfc, Axisbank, Ktkbank, Canbk etc.

 

Trading picks for today:

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3	SL	COMMENTS
Hot Today
SBIN (2307.25)	Must Sell At 2320-2350	2275	2250—2225	2375	Profit booking likely from higher levels today.
TATASTEEL (399.65)	Buy At Opening Bell	408	412—416	390	Short covering can b seen up to 420 level soon
Derivative- Future (Strategy for today)
AXISBANK (1385.70)	Must Sell At  1385-1400	1360	1345—1330	Abv 1420	Max Profits: Unlimited	Anytime sharp slide expected, sell & hold.
AXISB CE 1400 (30.00)	Buy when you Sell Fut.	Hedging Position			Max Loss: Rs. 5000
RELINFRA (518.30)	Sell At 522—528	510	505—500	Abv 534	Max Profits: Unlimited	All Adag grp stocks can show selling tday
RINFRA CE 540 (11.40)	Buy when you Sell Fut.	Hedging Position			Max Loss: Rs. 3000
Derivative- Option Strategy
RIL PE 840  (13.20)	Must Buy At 12—7	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	One must trade & hold for 4—7 days for gain.
RIL CE 880  (6.30)	Sell 2 Lot with PE 840
					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 (6^th Dec 2012) Performance in all type of equity segment calls: Maximum Profit/Loss: Rs 31100.00.00 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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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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Disclaimer

Kindly read carefully before trading with us:

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