Daily News Letter Dated 17th 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: 17 May 2013
Support & Resistance
NIFTY:
Last Close: 6169.90 (Up 23.15)
Resistance Levels: 6200, 6400, 6500, 6600, 6700
Support Levels: 6000, 5900, 5800, 5700, 5630
SENSEX:
Last Close: 20247.33 (Up 34.37)
Resistance Levels: 20350, 21000, 21350, 21700, 22000
Support Levels: 19700, 19350, 19000, 18650, 18150
Sensex Range This Week: 19700 - 20500 above which it will touch 21000 & Below Target 19300; Good Support closing below 19700.
Market Commentary:
Market will continue it’s upward journey toward 6230+ & will find hurdle at 6250 today. If manages to close above 6250 for two consecutive days then soon we can see 6400+ mark. Traders should remain cautiously long keeping options as hedge.
Hot Sectors for Today: Infra & Pharma.
Btst/Stbt, Hot in street & Results today
BTST/ STBT in last trade (Fut.):
Jindalstel (Buy – 311; SL Hits 308.50 Same Day)
Idfc (Sell – 164.50; Book 50% At 163 Same Day)
Hot in Street:
Irb, Adaniports, Hdil, Jppower, Lupin, Sesagoa, Ifci, Yesbank, Reliance, Hindalco, Hindzinc, Ster etc.
Trading picks for today:
| SCRIP NAME (CMP) | ENTRY LEVEL | TGT1 | TGT2—3 | SL | COMMENTS | |
| Hot Today | ||||||
| JINDALSTEL (308.35) | Must Buy At 307-303 | 314 | 317—320 | 300 | One can go long at dip for good upside soon. | |
| NMDC (124.55) | Buy At 124—122 | 128 | 130—132 | 120 | Anytime the stock can explode to 140—145+ | |
| Derivative- Future (Strategy for today) | ||||||
| AXISBANK (1535.50) | Must Sell At 1540-1560 | 1510 | 1495-1480 | Abv 1580 | Max Profits: Unlimited | Sell at rise only with hedge of options. |
| AXISBK CE 1550 (31.0) | Buy when you sell Fut. | Hedging Position | Max Loss: Rs. 5000 | |||
| RELCAPITAL (373.25) | Buy At 372—368 | 380 | 383—386 | Bel 364 | Max Profits: Unlimited | All Adag stocks are on hot seat, go long. |
| RELCAP PE 360 (7.50) | Buy when you buy Fut. | Hedging Position | Max Loss: Rs. 4000 | |||
| Derivative- Option Strategy | ||||||
| BHEL CE 195 (4.85) | Buy At 4.50—3 | Options Trading strategy with High Risk- High Gain. | Max Profits: Unlimited | Trade & hold in bulk 4 short term good gains. | ||
| BHEL PE 185 (1.90) | Sell 2 Lot with CE 195 | Max Loss: Rs. 8000 | ||||
| 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. |
| RCOM (110.0)(Revised) | Sell At 115—120 | 90 | 85—80 | Above 125 | Sell at rise only & buy option as hedge. |
| SUNPHARMA (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 (16h May 2013) Performance in all type of equity segment calls: Maximum Profit/Loss: Rs. 63400.00Approx.
Weekly Performance Report (6th – 10th 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 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 17, 2013
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