Daily News Letter Dated 16th January 2013-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: 16 January 2013

 

Support & Resistance

NIFTY:

Last Close: 6056.60 (Up 32.55)

Resistance Levels:  6080, 6130, 6200, 6350, 6500

Support Levels: 5950, 5850, 5700, 5600, 5420, 5330

SENSEX:

Last Close: 19986.82 (Up 80.41)

Resistance Levels:  20100, 20300, 20500,  21000, 21500

Support Levels: 19650, 19300, 8650, 18300, 18000, 17700

Sensex Range This Week: 18800 - 19800 above which it will touch 20300 & Below Target 18300; Good Support closing below 18000

 

Market Commentary:

Nifty has next hurdle at 6080 above which it will open for 6180—6200+. Keep a watch on market today & trade with trend keeping hedge of options. All major world markets are overbought on daily & weekly charts and seek good correction. Go with the trend for time being but be cautious with huge buying or selling.

Hot Sectors For Today: Cement& Tele.

 

Btst/Stbt, Hot in street & Results today

BTST/ STBT in last trade (Fut.):

Bharti (Avg) (Sell – 344.75; SL Hit Same Day at 347)

Hot in Street:

Dlf, Hdil, Ifci, Unitech, Ongc, Rcom, Bankindia, Auropharma, Hcltech, Albk, Pantloonr, Ptc, Renuka etc.

 

Trading picks for today:

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3	SL	COMMENTS
Hot Today
GRASIM (3080.60)	Buy At  3080—3050	3140	3170-3200	3020	All cement stocks are on hot seat, go long now.
AXISBANK (1422.45)	Must Sell At 1425-1440	1400	1385-1370	1455	Nothing to cheer now, sell on any rise today.
Derivative- Future (Strategy for today)
IDEA (123.10)	Must Sell At 123.5--126	120	118.50—117	Abv 127.5	Max Profits: Unlimited	Profit booking can be seen, must sell.
IDEA CE 125 (3.15)	Buy when you Sell Fut.	Hedging Position			Max Loss: Rs. 6000
TITAN (277.50)	Buy At 277—274	282	285—288+	Bel 270	Max Profits: Unlimited	Technical bounce can be seen, go long now.
…………………..	…………………..	Hedging Position			Max Loss: Rs. 4000
Derivative- Option Strategy
BHARTI  PE 340 (5.70)	Must Buy At 5—3.5	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	One must trade & hold for 4—7 days for gain
BHARTI  CE 360 (4.10)	Sell 2 Lot with PE 340
					Max Loss: Rs. 10000
Investment Pick (Long Term)
JSWISPAT (500305) (11.15)	Must Buy At 11—9	18	22—25+	One of the best pick for delivery, buy in bulk volume.

 

Monthly trading picks:

Monthly trading picks for January 2013
HEXAWARE (85.10)	Must Buy C/Fut. 85—81	94	99—105+	Below 77	Booked 50% profit at 94 on 15th Jan.
LICHSGFIN (294.60)	Sell  Fut. At 298—310	275	265—255	Above 320	Booked partial profit at 280 on 10th Jan.
………………. (314.0)	Must Sell Fut. 317—330	290	280—270	Above 340	One should sell on any rise for good gain
GMRINFRA  (19.35)	Must Buy C/Fut. 19—18	21	22—23+	17	Booked partial profits at 21 on 8th Jan.

 

Past performances

Last Trade (15^th Jan 2013) Performance in all type of equity segment calls: Maximum Profit/Loss: Rs. 39500.00 Approx.

Weekly Performance Report (7^th – 11^th January 2013):

http://nse-bse.blogspot.in/2013/01/weekly-performance-report-equity-calls_11.html

Monthly Performance Equity Calls (December):

http://nse-bse.blogspot.in/2012/12/monthly-performance-report-all-types-of.html

Monthly Performance All Nifty Calls (December):

http://nse-bse.blogspot.in/2012/12/monthly-performance-report-nifty.html

Monthly Performance Commodity Calls (December):

http://nse-bse.blogspot.in/2012/12/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