Daily News Letter Dated 7th 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: 7 March 2013

 

Support & Resistance

NIFTY:

Last Close: 5818.60 (Up 34.35)

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

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

SENSEX:

Last Close: 19252.61 (Up 109.44)

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

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

Sensex Range This Week: 18500 - 19000 above which it will touch 20000 & Below Target 18000; Good Resistance closing above 19300.

 

Market Commentary:

Nifty will find hurdle at 5900 & 5950 above which bulls will have upper hand. Market can show a gap up opening but mid-session can show volatility & profit booking. Nifty has support at 5550 & resistance at 5950 for next trend to occur.

Hot Sectors For Today: Pharma & Tele.

 

Btst/Stbt, Hot in street & Results today

BTST/ STBT in last trade (Fut.):

Bataindia (Buy – 781; SL- 770; Tgt Later)

 Hot in Street:

Punjlloyd, Hdil, Sbin, Hindzinc, Idfc, Ster, Ucobank, Dlf, Unitech, Ktkbank, Sesagoa, Hindalco, Sintex  etc.

 

Trading picks for today:

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3	SL	COMMENTS
Hot Today
BHARTFORGE (220.5)	Buy  At  220—217	225	227.5—230+	214	Low risk pick for medium to long term, grab.
TATAMOTOR (309.40)	Sell At 310—314	304	301—298	317	Profit booking can be seen from higher levels.
Derivative- Future (Strategy for today)
BHEL (203.00)	Must Buy At 202—199	207	209—211	Bel 196	Max Profits: Unlimited	Any sharp decline is a buy opportunity.
BHEL PE 200 (5.20)	Buy when you buy Fut.	Hedging Position			Max Loss: Rs. 3000
INFY(2983.95)	Sell At 2985—3020	2940	2910—2880	Abv 3050	Max Profits: Unlimited	Take a risk to sell on gap up for good gain.
INFY CE 3000 (54.90)	Buy when you sell Fut.	Hedging Position			Max Loss: Rs. 3750
Derivative- Option Strategy
BHARTI PE 320 (10.35)	Must Buy At 10—8	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	Trade in bulk & hold keeping spot SL 340.
BHARTI CE 340 (5.30)	Sell 2 Lot with PE 320
					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
………….. (379.65)	Must Buy C/Fut. 375--360	410	425—440+	Below 350	Buy at any dip for upside to 480—500+
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 (6^th Mar 2013) Performance in all type of equity segment calls: Maximum Profit/Loss: Rs. 17000.00 Approx.

Weekly Performance Report (25^th February – 1^st March 2013):

http://nse-bse.blogspot.in/2013/03/weekly-performance-report-equity-calls.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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How to trade with our calls: http://ibnguide.blogspot.in

 

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