Daily News Letter Dated 11th March 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: 11 March 2013

 

Support & Resistance

NIFTY:

Last Close: 5945.70 (Up 82.40)

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

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

SENSEX:

Last Close: 19683.23 (Up 269.69)

Resistance Levels:  20150, 20300, 20500,  21000, 21500

Support Levels: 18750, 18400, 17800, 17500, 17000

Sensex Range This Week: 19100 - 20000 above which it will touch 20500 & Below Target 18500; Good Support closing below 18500.

 

Market Commentary:

Be cautious at rise today as we expect profit booking ahead of IIP data. Nifty will find hurdle at 6050 & support at 5880 today. Traders can enjoy both side trading keeping proper hedge or stoploss.

Hot Sectors For Today: Banking & IT.

 

Btst/Stbt, Hot in street & Results today

BTST/ STBT in last trade (Fut.):

Bhel (Buy – 206.50; SL- 204; Tgt Later)

 Hot in Street:

Jindalstel, Ifci, Idfc, Bpcl, Lichsgfin, Kotakbank, Hindpetro, Lt, Siemens, Cairn, Gail, Indiacem, Tatasteel etc.

 

Trading picks for today:

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3	SL	COMMENTS
Hot Today
IDBI (92.90)	Buy  At  92.5—91	95	96—97+	90	Good pick among mid-cap banking stocks.
GSPL (67.10)	Buy At 67—66	69	70—71	65	Time to go long for upside to 75+ very soon.
Derivative- Future (Strategy for today)
RANBAXY (405.10)	Must Buy At 404—400	412	416—420	Bel 395	Max Profits: Unlimited	Worst is over for time being, go long.
RANBY PE 400 (10.05)	Buy when you buy Fut.	Hedging Position			Max Loss: Rs. 2500
BPCL (407.25)	Sell At 410—415	402	398—394	Abv 420	Max Profits: Unlimited	Trade with hedge for good gain today.
BPCL  CE 420 (7.25)	Buy when you sell Fut.	Hedging Position			Max Loss: Rs. 5000
Derivative- Option Strategy
NIFTY PE 5900 (40.75)	Must Buy At Opening	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	Trade in bulk & hold keeping spot SL 6100.
NIFTY CE 6100 (19.75)	Sell 2 Lot with PE 5900
					Max Loss: Rs. 5000
Investment Pick (Long Term)
Skumarsynf (514304 ) (9.0)	Must Buy At 9—8	20	30—40+	Buy in bulk for medium to long term good gains.

 

Monthly trading picks:

Monthly trading picks for March 2013
RANBAXY (379.65)	Must Buy C/Fut. 375--360	410	425—440+	Below 350	Book partial profit at 407 on 7th March.
DLF-Fut. (278.20)	Sell  Fut. A 285—300	250	240—230	Above 310	Book partial profit at 250 on 4th March.
………….. (808.15)	Must Sell Fut. 820—850	740	710—680	Above 870	Our chart show profit booking very soon
…………… (71.90)	Must Buy C/Fut. 69—65	80	84—88+	Below 62	Not much harm expected, Go long at dip

 

Past performances

Last Trade (8^th Mar 2013) Performance in all type of equity segment calls: Maximum Profit/Loss: Rs. 40350.00 Approx.

Weekly Performance Report (4^th – 8^th March 2013):

http://nse-bse.blogspot.in/2013/03/weekly-performance-report-equity-calls_8.html

Monthly Performance Equity Calls (February):

http://nse-bse.blogspot.in/2013/02/monthly-performance-report-all-types-of.html

Monthly Performance All Nifty Calls (February):

http://nse-bse.blogspot.in/2013/02/monthly-performance-report-nifty.html

Monthly Performance Commodity Calls (February):

http://nse-bse.blogspot.in/2013/02/monthly-performance-report-commodity.html

 

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Performance of our calls in equity market: http://nse-bse.blogspot.in

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Disclaimer

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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