Daily News Letter Dated 3rd 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: 3 May 2013

 

Support & Resistance

NIFTY:

Last Close: 5999.35 (Up 69.15)

Resistance Levels: 6030, 6080, 6130, 6200, 6400

Support Levels: 5850, 5700, 5630, 5500, 5450

SENSEX:

Last Close: 19735.77 (Up 231.59)

Resistance Levels: 19850, 20150, 20300, 20500, 21300

Support Levels: 19500, 19000, 18650, 18150, 18000

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 6030—6050 today but it will a selling opportunity keeping stop loss at 6080 for downside to 5900—5850 in 1—2 days. Traders should maintain tight stop loss today as we can see a swing of 100—150 points in Nifty. Overall a good day for traders to gain both sides.

Hot Sectors for Today: Infra, Bank & IT

 

Btst/Stbt, Hot in street & Results today

BTST/ STBT in last trade (Fut.):

Bhel (Buy – 190.50; SL- 188; Tgt Later)

Hot in Street:

Rcom, Unitech, Auropharma, Relinfra, Indiacem, Relcapital, Idfc, Idbi, Frl, Tcs, Rpower, Ucobank, Bankbaroda, Idea etc.

 

Trading picks for today:

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3	SL	COMMENTS
Hot Today
TATASTEEL  (304.60)	Must Buy At 303-300	310	313—316+	297	Anytime a sharp move of  Rs.15—20 expected.
IRB (117.85)	Buy At  117—115.5	120	121.5—123	114	Short covering can be seen with RBI meet.
Derivative- Future (Strategy for today)
HINDALCO  (96.25)	Must Buy At 96—94.50	98	99—100+	Bel 93	Max Profits: Unlimited	Metal stocks can show bounce today.
HINDALCO PE90 (1.45)	Buy when you buy Fut.	Hedging Position			Max Loss: Rs. 3000
AUROPHARM (200.4)	Sell At 202—205	197	195—193	Abv 207	Max Profits: Unlimited	Sell on rise for down side to 190 very soon.
AURO CE 200 (5.10)	Buy when you sell Fut.	Hedging Position			Max Loss: Rs. 4000
Derivative- Option Strategy
BHEL CE 190 (7.80)	Buy  At 7—5	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	Buy & hold in bulk for short term good gains.
BHEL PE 180 (2.80)	Sell 2 Lot with CE 190				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 (2^nd May 2013) Performance in all type of equity segment calls: Maximum Profit/Loss: Rs. 26325.00Approx.

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