Daily News Letter Dated 10th April 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: 10 April 2013
Support & Resistance
NIFTY:
Last Close: 5495.10 (Down 47.85)
Resistance Levels: 5800, 5950, 6080, 6130, 6200
Support Levels: 5500, 5420, 5330, 5200, 5050
SENSEX:
Last Close: 18226.48 (Down 211.30)
Resistance Levels: 19300, 19800, 20150, 20300, 20500
Support Levels: 18300, 18000, 17500, 17000, 16500
Sensex Range This Week: 18000 - 19300 above which it will touch 19800 & Below Target 17300; Good Resistance closing above 19300.
Market Commentary:
Nifty will find bottom around 5250—5200 in near term, but a small rally toward 5650—5700 can be seen. Traders can buy today keeping stop loss at 5430 for upside but keep options as safe hedge with long positions. Most of the stocks are near bottom in weekly charts.
Hot Sectors For Today: Infra & Oil-Gas.
Btst/Stbt, Hot in street & Results today
BTST/ STBT in last trade (Fut.):
Relinfra (Buy – 335; Exited Same At 330 SL Hits)
Hot in Street:
Optocircui, Tatamotors Voltas, Hindzinc, Tatachem, Tcs, Ptc, Uniphos, Idfc, Ntpc, Sunpharma, Hindalco, Sesagoa etc.
Trading picks for today:
SCRIP NAME (CMP) | ENTRY LEVEL | TGT1 | TGT2—3 | SL | COMMENTS | |
Hot Today | ||||||
IVRCLINFRA (19.40) | Must Buy At 19—18 | 20 | 20.50—21 | 17.50 | Anytime sharp bounce of 10-15% can be seen | |
ACC (1130.80) | Buy At 1130—1120 | 1150 | 1160—1170 | 1110 | Cement stocks can bounce from lower levels. | |
Derivative- Future (Strategy for today) | ||||||
RELINFRA (329.70) | Must Buy At 327—323 | 334 | 338—342 | Bel 318 | Max Profits: Unlimited | Adag stocks will be first to show upside. |
RELINF PE 320 (11.10) | Buy when you buy Fut. | Hedging Position | Max Loss: Rs. 2500 | |||
PNB (692.55) | Buy At 690—682 | 704 | 710—716 | Bel 675 | Max Profits: Unlimited | Banking stocks can show a bounce today. |
PNB PE 680 (15.05) | Buy when you buy Fut. | Hedging Position | Max Loss: Rs. 3500 | |||
Derivative- Option Strategy | ||||||
NIFTY CE 5500 (74.50) | Must Buy At 70—60 | Options Trading strategy with High Risk- High Gain. | Max Profits: Unlimited | Trade in bulk for short term with spot SL 5300 | ||
NIFTY PE 5300 (19.15) | Sell 2 Lot with CE 5500 | Max Loss: Rs. 5000 | ||||
Investment Pick (Long Term) | ||||||
BAJAJHIND(500032) (19.8) | Must Buy At 19.5—17 | 40 | 50—70+ | Worst is over for sugar stock for medium to long term |
Monthly trading picks:
Monthly trading picks for April 2013 | |||||
RELINFRA (324.45) | Must Buy C/Fut. 320--310 | 350 | 365—380+ | Below 300 | Book 50% profit at 365 on 3rd April. |
…………….(224.90) | Buy At 220—210 | 245 | 259—275+ | Below 200 | Low risk pick among financial sector. |
HCLTECH (803.00) | Must Sell Fut. 810--830 | 730 | 700—670 | Above 850 | Book partial profit at 745 on 4th April. |
………….. (312.85) | Must Buy C/Fut. 310—300 | 340 | 355—370+ | Below 290 | Metal stocks can show good bounce soon |
Past performances
Last Trade (9th Apr 2013) Performance in all type of equity segment calls: Maximum Profit/Loss: Rs. 23950.00Approx.
Weekly Performance Report (1st – 5th April 2013):
http://nse-bse.blogspot.in/2013/04/weekly-performance-report-equity-calls.html
Monthly Performance Equity Calls (March):
http://nse-bse.blogspot.in/2013/03/monthly-performance-report-all-types-of.html
Monthly Performance Nifty/ Bank Nifty Calls (March):
hthttp://nse-bse.blogspot.in/2013/03/monthly-performance-report-nifty.html
Monthly Performance Commodity Calls (March):
http://nse-bse.blogspot.in/2013/03/monthly-performance-report-commodity.html
New Trading strategy for Higher gains: w.e.f 1st April 2013
http://nse-bse.blogspot.in/2013/03/more-profits-with-our-regular-calls-and.html
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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
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