Daily News Letter Dated 17th 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: 17 April 2013
Support & Resistance
NIFTY:
Last Close: 5688.95 (Up 120.55)
Resistance Levels: 5750, 5800, 5950, 6080, 6130
Support Levels: 5500, 5450, 5300, 5150, 5000
SENSEX:
Last Close: 18744.93 (Up 387.13)
Resistance Levels: 19000, 19300, 19800, 20150, 20300
Support Levels: 18150, 18000, 17500, 17000, 16500
Sensex Range This Week: 18000 - 19300 above which it will touch 19800 & Below Target 17300; Good Support closing below 18000.
Market Commentary:
Market may extend its rally toward 5750-5800 but profit booking can be seen in 2nd half session. Traders can sell on rise today keeping tight stop loss at 5800 for downside to 5620—5550 in next 1—2 trading session, but hedge with options.
Hot Sectors for Today: Infra & IT.
Btst/Stbt, Hot in street & Results today
BTST/ STBT in last trade (Fut.):
Sesagoa (Buy – 142.20; Book 50% At 143.85 Same Day)
Hindzinc (Buy – 110; SL- 108.70; Tgt Later)
Hot in Street:
Cesc, Rcom, Idfc, Axisbank, Hdil, Irb, Maruti, Arvind, Hdfc, Ktkbank, Acc, Grasim, Lt, Hdfcbank etc.
Trading picks for today:
| SCRIP NAME (CMP) | ENTRY LEVEL | TGT1 | TGT2—3 | SL | COMMENTS | |
| Hot Today | ||||||
| TATASTEEL (298.35) | Must Buy At 298—295 | 304 | 307—310 | 292 | Buy at any dip keeping SL for good upside. | |
| BHARTIARTL (285.00) | Sell At 287—290 | 280 | 277—274 | 293 | Sell on rise only, expected some bad news soon | |
| Derivative- Future (Strategy for today) | ||||||
| AXISBANK (1359.00) | Must Sell At 1370-1385 | 1340 | 1325—1310 | Abv 1400 | Max Profits: Unlimited | Profit booking can be seen from highs. |
| AXISBK CE1360 (28.80) | Buy when you sell Fut. | Hedging Position | Max Loss: Rs. 3750 | |||
| STER (85.50) | Buy At 85—84 | 87 | 88—89 | Bel 83 | Max Profits: Unlimited | All metal stocks can show a U-turn soon. |
| STER PE 85 (2.10) | Buy when you buy Fut. | Hedging Position | Max Loss: Rs. 4000 | |||
| Derivative- Option Strategy | ||||||
| NIFTY PE 5700 (58.90) | Buy At 50—35 | Options Trading strategy with High Risk- High Gain. | Max Profits: Unlimited | Trade & hold in bulk for 1—2 days for gain. | ||
| NIFTY CE 5800 (16.95) | Sell 2 Lot with PE 5700 | 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 (16th Apr 2013) Performance in all type of equity segment calls: Maximum Profit/Loss: Rs. 50100.00Approx.
Weekly Performance Report (8th – 12th April 2013):
http://nse-bse.blogspot.in/2013/04/weekly-performance-report-equity-calls_12.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
posted by NSE_BSE at Wednesday, April 17, 2013
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