Daily News Letter Dated 6th 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: 6 May 2013
Support & Resistance
NIFTY:
Last Close: 5944.00 (Down 55.35)
Resistance Levels: 6030, 6080, 6130, 6200, 6400
Support Levels: 5700, 5630, 5500, 5450, 5300
SENSEX:
Last Close: 19575.64 (Down 160.13)
Resistance Levels: 19850, 20150, 20300, 20500, 21300
Support Levels: 19000, 18650, 18150, 18000, 17500
Sensex Range This Week: 19100 - 20000 above which it will touch 20500 & Below Target 18500; Good Resistance closing above 20000.
Market Commentary:
We can expect a gap down opening or a weak session due to political news. Market can take a pause before moving forward toward 6000+ marks. The short term trend will be up but high volatility will be seen, trade with hedge of options.
Hot Sectors for Today: IT, Infra & Bank.
Btst/Stbt, Hot in street & Results today
BTST/ STBT in last trade (Fut.):
Reliance (Buy – 792.50; SL- 782; Tgt Later)
Hot in Street:
Hindalco, Rcom, Relcapital, Hcltech, Tatasteel, Ster, Lt, Infy, Wipro, Sesagoa, Bhartiartl, Sunpharma etc.
Trading picks for today:
| SCRIP NAME (CMP) | ENTRY LEVEL | TGT1 | TGT2—3 | SL | COMMENTS | |
| Hot Today | ||||||
| ALBK (131.20) | Must Buy At 130—128 | 133.50 | 135—136.50 | 126.5 | Trade cautiously with given stop loss for gain. | |
| FRL (148.85) | Buy At 148—146 | 152 | 153.5—155 | 144 | News based buying can be seen, keep tight SL. | |
| Derivative- Future (Strategy for today) | ||||||
| TATAMTRDVR (163.9) | Must Buy At 163—161 | 166 | 167.5—169+ | Bel 159 | Max Profits: Unlimited | Bounce can be seen, buy at dip only today |
| TATAMT PE 160 (4.20) | Buy when you buy Fut. | Hedging Position | Max Loss: Rs. 4000 | |||
| BHEL (191.20) | Buy At 191—189 | 195 | 197—198 | Bel 186 | Max Profits: Unlimited | Low risk high gain pick for short term. |
| BHEL PE 190 (6.30) | Buy when you buy Fut. | Hedging Position | Max Loss: Rs. 3000 | |||
| Derivative- Option Strategy | ||||||
| RIL CE 800 (17.25) | Buy At 15—10 | Options Trading strategy with High Risk- High Gain. | Max Profits: Unlimited | Buy & hold in bulk for short term good gains. | ||
| RIL PE 760 (7.45) | Sell 2 Lot with CE 800 | 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. |
| ……. (110.0)(Revised) | Sell At 115—1120 | 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 (3rd May 2013) Performance in all type of equity segment calls: Maximum Profit/Loss: Rs. 52500.00Approx.
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
Important Links
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Subscription charges for our calls in commodity market: http://ibncommodity.blogspot.in
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 Monday, May 06, 2013
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