Daily News Letter Dated 12th 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: 12 March 2013

 

Support & Resistance

NIFTY:

Last Close: 5942.35 (Down 3.35)

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

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

SENSEX:

Last Close: 19646.21 (Down 37.02)

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:

Market can bounce from any sharp dip today. Traders can buy at dip to 5900 keeping stop loss at 5880 for upside to 5980 & 6000 mark. We expect the IIP to better this time and market can rally further with the good news. If all goes well then Nifty can show 6300—6400+ in 2013 itself, but major hurdle lies at 6150.

Hot Sectors For Today: R-Group & IT.

 

Btst/Stbt, Hot in street & Results today

BTST/ STBT in last trade (Fut.):

Hcltech (Sell – 783; SL- 790; Tgt Later)

Hot in Street:

Optocircui, Siemens, Igl, Renuka, Hexaware, Unitech, Hdfc, Idea, Tatapower, Ranbaxy, Petronet etc.

 

Trading picks for today:

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3	SL	COMMENTS
Hot Today
TATAMOTORS (301.55)	Buy  At  300--297	307	310—313+	294	Take a risk to buy at dip keeping stop loss.
DLF  (286.40)	Sell At 288—291	283	280.5—278	294	Good stk to sell & hold for short term Tgt 260.
Derivative- Future (Strategy for today)
RELINFRA (431.05)	Must Buy At 430—425	440	445—450	Bel 420	Max Profits: Unlimited	Keep an eye on all Adag stocks today.
RELINFR PE420 (11.5)	Buy when you buy Fut.	Hedging Position			Max Loss: Rs. 2500
SUNPHARMA(835.95)	Sell At 839—848	820	812—805	Abv 855	Max Profits: Unlimited	Highly overbought, sell & hold Tgt 780.
SUNPHAR CE 860 (7.3)	Buy when you sell Fut.	Hedging Position			Max Loss: Rs. 3500
Derivative- Option Strategy
SBIN CE 2200 (61.05)	Must Buy At 55—40	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	Trade in bulk & hold keeping spot SL 2120.
SBIN PE 2100 (18.15)	Sell 2 Lot with CE 2200
					Max Loss: Rs. 10000
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 (11^th Mar 2013) Performance in all type of equity segment calls: Maximum Profit/Loss: Rs. 12450.00 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

Performance of our calls in commodity market: http://mcx-ncdex.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