Daily News Letter Dated 18th 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: 18 April 2013
Support & Resistance
NIFTY:
Last Close: 5688.70 (Down 0.25)
Resistance Levels: 5750, 5800, 5950, 6080, 6130
Support Levels: 5500, 5450, 5300, 5150, 5000
SENSEX:
Last Close: 18731.16 (Down 13.17)
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:
Profit booking can be seen from higher levels due to weak global cues. Nifty has hurdle at 5800 closing basis above which it will open for 6000 marks, but bears will be aggressive at rise. Traders should remain mostly in cash for next 1—2 weeks until clear trend emerge.
Hot Sectors for Today: Infra & Pharma.
Btst/Stbt, Hot in street & Results today
BTST/ STBT in last trade (Fut.):
Tatasteel (Buy – 298; Book 50% At 301 Same Day)
Hot in Street:
Jswsteel, Mcdowell, Unitech, Sesagoa, Lupin, Auropharma, Lupin, Uniphos, Ster, Sbin, Itc, Sunpharma etc.
Trading picks for today:
| SCRIP NAME (CMP) | ENTRY LEVEL | TGT1 | TGT2—3 | SL | COMMENTS | |
| Hot Today | ||||||
| RELIANCE (773.80) | Must Buy At 772—765 | 788 | 795—802 | 755 | Technical bounce toward 800 can be seen. | |
| CENTURYTEX (291.10) | Buy At 290—287 | 296 | 299—302 | 284 | Good pick for short term traders, Tgt 310+ | |
| Derivative- Future (Strategy for today) | ||||||
| SUNPHARMA (916.30) | Must Sell At 920—930 | 900 | 890—880 | Abv 940 | Max Profits: Unlimited | Not much upside left, sell & hold Tgt 820. |
| SUNPH CE 920 (12.55) | Buy when you sell Fut. | Hedging Position | Max Loss: Rs. 5000 | |||
| INFY (2282.40) | Buy At 2270—2250 | 2330 | 2350—2370 | Bel 2230 | Max Profits: Unlimited | Dead cat bounce can be seen, buy at dips. |
| INFY PE 2250 (23.35) | Buy when you buy Fut. | Hedging Position | Max Loss: Rs. 2500 | |||
| Derivative- Option Strategy | ||||||
| TATASTL CE 300 (6.15) | Buy At 5.50—4 | Options Trading strategy with High Risk- High Gain. | Max Profits: Unlimited | Trade & hold in bulk for 3—5 days for gain. | ||
| TATASTL PE 280 (1.65) | Sell 2 Lot with CE 300 | 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 (17th Apr 2013) Performance in all type of equity segment calls: Maximum Profit/Loss: Rs. 26500.00Approx.
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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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
posted by NSE_BSE at Thursday, April 18, 2013
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