Daily News Letter Dated 10th May 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 May 2013
Support & Resistance
NIFTY:
Last Close: 6050.15 (Down 19.15)
Resistance Levels: 6080, 6130, 6200, 6400
Support Levels: 5900, 5700, 5630, 5500, 5450
SENSEX:
Last Close: 19939.04 (Down 51.14)
Resistance Levels: 20150, 20300, 20500, 21300
Support Levels: 19300, 19000, 18650, 18150, 18000
Sensex Range This Week: 19100 - 20000 above which it will touch 20500 & Below Target 18500; Good Resistance closing above 20000.
Market Commentary:
News based movement can be seen today. Nifty has good support at 6000 intra-day & resistance at 6080. Traders should avoid aggressive long positions & wait for breakout or breakdown to create fresh positions either side but keep hedge.
Hot Sectors for Today: Infra & Pharma.
Btst/Stbt, Hot in street & Results today
BTST/ STBT in last trade (Fut.):
Axisbank (Buy – 1470; SL- No SL; Tgt Later)
Hot in Street:
Pnb, Rpower, Hcltech, Jppower, Arvind, Ioc, Tcs, Denabank, Wipro, Relinfra, Hindpetro, Bankindia etc.
Trading picks for today:
| SCRIP NAME (CMP) | ENTRY LEVEL | TGT1 | TGT2—3 | SL | COMMENTS | |
| Hot Today | ||||||
| ALBK (123.00) | Must Buy At 122-120.50 | 125 | 126.5—128 | 119 | Technical bounce toward 130 can be seen soon | |
| NMDC (124.50) | Buy At 124—122.5 | 127 | 128.5—130 | 121 | High risk scrip for traders, go long for Tgt 135 | |
| Derivative- Future (Strategy for today) | ||||||
| JUBLFOOD (1010.00) | Must Buy At 1005—995 | 1025 | 1035—1045+ | Bel 985 | Max Profits: Unlimited | Trade with hedge for good intra-day gain. |
| JUBL PE 1000 (42.50) | Buy when you buy Fut. | Hedging Position | Max Loss: Rs. 2500 | |||
| HEXAWARE (82.90) | Buy At 82.50—81 | 84.5 | 85.5—86.5 | Bel 79.50 | Max Profits: Unlimited | IT stocks can show bounce, buy at dips. |
| HEXAW PE 82.50 (3.45) | Buy when you buy Fut. | Hedging Position | Max Loss: Rs. 3000 | |||
| Derivative- Option Strategy | ||||||
| RCOM PE 110 (7.15) | Buy At 6.50—5 | Options Trading strategy with High Risk- High Gain. | Max Profits: Unlimited | Trade & hold in bulk 4 short term good gains. | ||
| RCOM CE 130 (1.50) | Sell 2 Lot with PE 110 | Max Loss: Unlimited | ||||
| Investment Pick (Long Term) | ||||||
| GTLINFRA (532775) (2.48) | Must Buy At 2.4—2 | 5 | 7—10+ | Buy in bulk for long term good upside & decent gain. | ||
Monthly trading picks:
| Monthly trading picks for May 2013 | |||||
| TATASTEEL (302.85) | Must Buy C/Fut. 300—290 | 325 | 340—355+ | Below 280 | Book partial profit at 325 & hold long. |
| …….. (110.0)(Revised) | Sell At 115—120 | 90 | 85—80 | Above 125 | Sell at rise only & buy option as hedge. |
| …………………(955.70) | Must Sell Fut. 970—1000 | 870 | 830—800 | Above 1020 | Sell on any rise with hedge of call option. |
| ………………. (192.50) | Must Buy At 190—184 | 210 | 220—230+ | Below 178 | Some good news expected soon, keep SL. |
Past performances
Last Trade (9th May 2013) Performance in all type of equity segment calls: Maximum Profit/Loss: Rs. 28400.00Approx.
Weekly Performance Report (29th April – 3rd May 2013):
http://nse-bse.blogspot.in/2013/05/weekly-performance-report-equity-calls.html
Monthly Performance Equity Calls (April):
http://nse-bse.blogspot.in/2013/04/monthly-performance-report-all-types-of.html
Monthly Performance Nifty/ Bank Nifty Calls (April):
http://nse-bse.blogspot.in/2013/04/monthly-performance-report-nifty.html
Monthly Performance Commodity Calls (April):
http://nse-bse.blogspot.in/2013/04/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
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
posted by NSE_BSE at Friday, May 10, 2013
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