Daily News Letter Dated 14th 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: 14 May 2013

 

Support & Resistance

NIFTY:

Last Close: 5980.45 (Down 126.80)

Resistance Levels: 6130, 6200, 6400, 6500, 6600

Support Levels: 5900, 5800, 5700, 5630, 5500

SENSEX:

Last Close: 19691.67 (Down 430.65)

Resistance Levels: 20150, 20350, 21000, 21350, 21700

Support Levels: 19350, 19000, 18650, 18150, 17650

Sensex Range This Week: 19700 - 20500 above which it will touch 21000 & Below Target 19300; Good Support closing below 19700.

 

Market Commentary:

Market may find a support around 5900 today and good bounce can be seen. We still hope the bulls to remain active in coming days too. Nifty has good support at 5900—5850 below which bears will have upper hand, trade with stop loss.

Hot Sectors for Today: Infra & Pharma.

 

Btst/Stbt, Hot in street & Results today

BTST/ STBT in last trade (Fut.):

Bhel (Buy – 190.40; SL- 188; Tgt  Later)

Hot in Street:

Dabur, Jublfood, Idea, Ntpc, Biocon, Sunpharma, Colpal, Grasim, Infy, Zeel, Tatachem, Powergrid, Dreddy, Cesc etc.

 

Trading picks for today:

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3	SL	COMMENTS
Hot Today
IDEA  (128.40)	Must Sell At 129-131	126	124.5—123	133	Profit booking can be seen, sell at any rise.
IFCI  (29.65)	Buy  At  29.5—29	30.50	31—31.50	28.50	Low risk scrip for short term traders, Tgt 32+
Derivative- Future (Strategy for today)
RELINFRA  (387.05)	Must Buy At 385—381	393	396—399+	Bel 375	Max Profits: Unlimited	Result expected to be good, keep hedging.
RELIN PE 380 (13.80)	Buy when you buy Fut.	Hedging Position			Max Loss: Rs. 3000
MCDOWELL  (2338.00)	Sell  At 2350—2375	2280	2255—2230	Abv 2400	Max Profits: Unlimited	High risk High gain scrip for short term.
MCDO CE2400  (62.7)	Buy when you sell Fut.	Hedging Position			Max Loss: Rs. 3125
Derivative- Option Strategy
TATASTL CE 310 (6.60)	Buy  At 6—4.5	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	Trade & hold in bulk 4 short term good gains.
TATASTL PE 290 (3.40)	Sell 2 Lot with CE 310				Max Loss: Rs. 10000
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.
BHEL (192.50)	Must Buy At 190—184	210	220—230+	Below 178	Book partial profit at 198 & hold long.

 

Past performances

Last Trade (13^th May 2013) Performance in all type of equity segment calls: Maximum Profit/Loss: Rs. 800.00Approx.

Weekly Performance Report (6^th – 10^th May 2013):

http://nse-bse.blogspot.in/2013/05/weekly-performance-report-equity-calls_10.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 1^st 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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How to trade with our calls: http://ibnguide.blogspot.in

 

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