Daily News Letter Dated 2nd 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: 2 May 2013

 

Support & Resistance

NIFTY:

Last Close: 5930.20 (Up 26.10)

Resistance Levels: 5950, 6080, 6130, 6200, 6400

Support Levels: 5700, 5630, 5500, 5450, 5300

SENSEX:

Last Close: 19504.18 (Up 116.68)

Resistance Levels: 19650, 20150, 20300, 20500, 21300

Support Levels: 19000, 18650, 18150, 18000, 17500

Sensex Range This Week: 18500 - 19300 above which it will touch 20000 & Below Target 18000; Good Resistance closing above 19300.

 

Market Commentary:

Nifty may show a flat closing today due to upcoming RBI policy tomorrow. Nifty will find support at 5880 & resistance at 5970 for further moves. The trend remain up until Nifty closes below 5700 levels for two consecutive days., it may even show 6200 & 6500 in coming days.

Hot Sectors for Today: IT, Bank & Auto.

 

Btst/Stbt, Hot in street & Results today

BTST/ STBT in last trade (Fut.):

Sbin (Buy – 2203; Booked Full At 2045 At Same Day)

Tatasteel (Buy – 300.50; Booked 50% At 303.50 At Same Day)

Hot in Street:

 Idea, Hindunilvr, Bataindia, Colpal, Zeel, Sesagoa, hcltech, Ster, Zeel, Uniphos, Lupin, Nmdc, Colindia etc.

 

Trading picks for today:

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3	SL	COMMENTS
Hot Today
IDFC  (152.95)	Must Buy At 152.5-151	155.5	157—158.5+	149.5	Buy at dips for good bounce in 1—2 days.
INFY (2235.45)	Buy At  2225—2200	2290	2320—2350	2175	Start buying IT stocks for short term upside.
Derivative- Future (Strategy for today)
TCS  (1375.55)	Must Buy At 1374-1360	1400	1415—1430	Bel 1345	Max Profits: Unlimited	Low risk pick for day traders, keep SL.
TCS PE 1360 (30.25)	Buy when you buy Fut.	Hedging Position			Max Loss: Rs. 3750
MARUTI  (1677.90)	Sell At 1680—1700	1650	1635—1620	Abv 1720	Max Profits: Unlimited	Not much upside left soon 1550 & below.
MARUTI CE1680 (51.3)	Buy when you sell Fut.	Hedging Position			Max Loss: Rs. 5000
Derivative- Option Strategy
SBIN CE 2250 (87.65)	Buy  1 Lot At 85—70	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	Buy & hold in bulk for short term good gains.
SBIN PE 2250 (100.10)	Buy 1 Lot with CE 2250				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
……………… (302.85)	Must Buy C/Fut. 300—290	325	340—355+	Below 280	Good pick for short term gain, low risk.
………………. (97.40)	Sell At 100—104	90	85—80	Above 107	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 (30th Apr 2013) Performance in all type of equity segment calls: Maximum Profit/Loss: Rs. 13775.00Approx.

Weekly Performance Report (22^nd – 26^th April 2013):

http://nse-bse.blogspot.in/2013/04/weekly-performance-report-equity-calls_26.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

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