Daily News Letter Dated 9th 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: 9 April 2013
Support & Resistance
NIFTY:
Last Close: 5542.95 (Down 10.30)
Resistance Levels: 5800, 5950, 6080, 6130, 6200
Support Levels: 5500, 5420, 5330, 5200, 5050
SENSEX:
Last Close: 18437.78 (Down 12.45)
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:
Bears are still active and show selling pressure at rise. Nifty will find intra-day hurdle at 5610 and support at 5500. It is advised to buy at dip today & sell on rise as given. Any side breakout with good volumes and reverse the intra-day trend. Soon we may see a bottom of the market.
Hot Sectors For Today: Bank & Pharma.
Btst/Stbt, Hot in street & Results today
BTST/ STBT in last trade (Fut.):
Bajajauto (Buy – 1702; SL- Tgt Later ; Tgt Later)
Hot in Street:
Tatacomm, Rcom, Relinfra, Bhel, Bhartiartl, Titan, Idea, Pantaloonr, Hindpetro, Techm, Cipla, Rpower etc.
Trading picks for today:
SCRIP NAME (CMP) | ENTRY LEVEL | TGT1 | TGT2—3 | SL | COMMENTS | |
Hot Today | ||||||
STER (87.60) | Must Buy At 87—85.50 | 89 | 90—91 | 84 | Take a risk to buy at dip keeping tight stoploss | |
SUNPHARMA (864.45) | Sell At 868—875 | 852 | 845—837 | 882 | Just sell & hold 4 short-term downside to 780. | |
Derivative- Future (Strategy for today) | ||||||
SBIN (2044.00) | Must Buy At 2040-2010 | 2080 | 2100—2120 | Bel 1990 | Max Profits: Unlimited | All banking stock are nr short term bottom |
SBIN PE 2000 (36.00) | Buy when you buy Fut. | Hedging Position | Max Loss: Rs. 2500 | |||
TATASTEEL (308.40) | Buy At 307—303 | 313 | 316—319 | Bel 300 | Max Profits: Unlimited | Good pick among metal stocks to buy. |
TATASTL PE 300 (6.60) | Buy when you buy Fut. | Hedging Position | Max Loss: Rs. 3000 | |||
Derivative- Option Strategy | ||||||
IFCI CE 27.50 (1.10) | Must Buy At 1—0.70 | Options Trading strategy with High Risk- High Gain. | Max Profits: Unlimited | Trade in bulk for short term with spot SL 25. | ||
IFCI PE 25 (0.60) | Sell 2 Lot with CE 27.50 | Max Loss: Unlimited | ||||
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 (8th Apr 2013) Performance in all type of equity segment calls: Maximum Profit/Loss: Rs. 48500.00Approx.
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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