Daily News Letter Dated 4th February 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: 4 February 2013

 

Support & Resistance

NIFTY:

Last Close: 5998.90 (Down 35.85)

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

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

SENSEX:

Last Close: 19781.19 (Down 113.79)

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

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

Sensex Range This Week: 19500 - 20300 above which it will touch 21000 & Below Target 19100; Good Support closing below 19500.

 

Market Commentary:

Nifty mas show a dip toward 5950—5930 & any close below this can open for 5800. Traders can buy oversold stocks for pre-budget rally, but buy options as hedge as news based sharp movements can be seen. We still protect our view of free fall in coming days, may be after budget.

Hot Sectors For Today: Telecom & Bank.

 

Btst/Stbt, Hot in street & Results today

BTST/ STBT in last trade (Fut.):

Siemens (Buy – 652; SL: No; Tgt Later)

Axisbank (Sell – 1505; SL: No; Tgt Later)

Hot in Street:

Bpcl, Cipla, Maruti, Bajajauto, Tatapower, Cairn, Itc, Lupin, Axisbank, Tcs, Gail, Sunpharma, Ranbaxy, Grasim etc.

 

Trading picks for today:

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3	SL	COMMENTS
Hot Today
YESBANK (532.35)	Must Sell At  535—540	525	520—515	545	Highly overbought, trade & hold for Tgt 450.
SBIN  (2412.35)	Buy At 2405-2380	2450	2475—2500+	2350	One can buy at dip only for good bounce back.
Derivative- Future (Strategy for today)
BPCL (425.20)	Must Sell At 427—435	418	414—410	Abv 440	Max Profits: Unlimited	Profit booking can be seen in Oil stocks.
BPCL CE 440 (9.8)	Buy when you Sell Fut.	Hedging Position			Max Loss: Rs. 5000
TATAMOTORS (287.20)	Risky Buy At 283—279	1590	1575—1560	Bel 275	Max Profits: Unlimited	High risk high gain strategy for today.
TATAMOT PE 280 (8.1)	Buy when you Buy Fut.	Hedging Position			Max Loss: Rs. 4000
Derivative- Option Strategy
MARUTI PE 1600 (38.6)	Must Buy At 35—27	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	Trade in bulk & hold keeping spot SL 1700.
MARUTI CE 1700(15.8)	Sell 2 Lot with PE 1600
					Max Loss: Rs. 10000+
Investment Pick (Long Term)
Bhel  (500103) (225.00)	Must Buy At 210—190	300	350—400+	Time to buy at any dip in coming days, Tgt 300+ soon.

 

Monthly trading picks for February 2013
……………. (29.25)	Must Buy C/Fut. 28—26.50	31	32.50—34+	Below 25	No risk for next few months, Tgt 35+.
…………… (277.45)	Sell  Fut. At 280—290	255	242—230	Above 300	Stock can show free fall this month.
………….. (1507.65)	Must Sell Fut. 1520—1550	1400	1340—1280	Above 1600	Any rise a good selling opportunity.
………….  (341.70)	Must Sell C/Fut. 347—360	320	305—290	Above 370	Profit booking can be seen, sell on rise.

 

Past performances

Last Trade (1^st Feb 2013) Performance in all type of equity segment calls: Maximum Profit/Loss: Rs. 144050.00 Approx.

Weekly Performance Report (28^th January – 1^st February 2013):

http://nse-bse.blogspot.in/2013/02/weekly-performance-report-equity-calls.html

Monthly Performance Equity Calls (January):

http://nse-bse.blogspot.in/2013/01/monthly-performance-report-all-types-of.html

Monthly Performance All Nifty Calls (January):

http://nse-bse.blogspot.in/2013/01/monthly-performance-report-nifty.html

Monthly Performance Commodity Calls (January):

http://nse-bse.blogspot.in/2013/01/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