Daily News Letter Dated 8th 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: 8 January 2013

 

Support & Resistance

NIFTY:

Last Close: 5988.40 (Down 27.55)

Resistance Levels:  6020, 6130, 6200, 6350, 6500

Support Levels: 5850, 5700, 5600, 5420, 5330, 5200

SENSEX:

Last Close: 19691.42 (Down 92.66)

Resistance Levels:  19800, 20300, 20500,  21000, 21500

Support Levels: 19300, 8650, 18300, 18000, 17700, 17100

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

 

Market Commentary:

Market can show profit booking in next 24 hours, traders should sell on rise today for a good fall. One should always keep small stop loss or options as hedge, else a big loss can be seen. Stock specific selling can be seen whereas few stocks can show good upside based on technical charts. Enjoy both side of swings in coming days.

Hot Sectors For Today: IT & Banking.

 

Btst/Stbt, Hot in street & Results today

BTST/ STBT in last trade (Fut.):

LT (Buy – 1600; SL- No SL; Tgt Later)

Hot in Street:

Hindpetro, Bpcl, Ifci, Tatachem, Cipla, Sail, Biocon, Jswsteel, Cairn, Chamblfert, Maruti, Hindalco  etc.

 

Trading picks for today:

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3	SL	COMMENTS
Hot Today
BHEL  (239.80)	Buy At  238—235	243	245.5—248	232	One can buy for bounce toward 1680—1700+
YESBANK (498.25)	Must  Sell At 500—505	490	485—480	510	High risk high gain scrip for intra-day trader.
Derivative- Future (Strategy for today)
BANKINDIA(366.10)	Must Sell At  368-372	361	357--353	Abv 376	Max Profits: Unlimited	Stock is near major hurdle, sell at rise.
BANK CE 380(6.85)	Buy when you Sell Fut.	Hedging Position			Max Loss: Rs. 4000
WIPRO (404.25)	Sell  At  405—410	395	390—385	Abv 415	Max Profits: Unlimited	Buy with tight SL for good gain in 1-2 day
WIPRO CE 420(6.7)	Buy when you Sell Fut.	Hedging Position			Max Loss: Rs. 5000
Derivative- Option Strategy
MARUTI  PE 1600(40.4)	Must Buy At 40—30	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	One must trade & hold for 4—7 days for gain.
MARUIT  CE 1650(18.0)	Sell 2 Lot with PE 1600
					Max Loss: Rs. 10000
Investment Pick (Long Term)
BAJAJHIND (500032) (26.0)	Must Buy At 25—22	35	42—50+	Time to buy all sugar stocks for next 1—2 years.

 

Monthly trading picks:

Monthly trading picks for January 2013
………………. (85.10)	Must Buy C/Fut. 85—81	94	99—105+	Below 77	Booked partial profit at 91 on 4th Jan.
………………. (294.60)	Sell  Fut. At 298—310	275	265—255	Above 320	Profit booking can be seen, soon Tgt 250
………………. (314.0)	Must Sell Fut. 317—330	290	280—270	Above 340	One should sell on any rise for good gain
………………. (19.35)	Must Buy C/Fut. 19—18	21	22—23+	17	Buy in bulk for good upside to 25+ soon.

 

Past performances

Last Trade (7^th Jan 2013) Performance in all type of equity segment calls: Maximum Profit/Loss: Rs. 17250.00 Approx.

Weekly Performance Report (31^st Dec 2012 – 4^th Jan 2013):

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