Daily News Letter Dated 7th 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: 7 May 2013
Support & Resistance
NIFTY:
Last Close: 5971.05 (Up 27.05)
Resistance Levels: 6030, 6080, 6130, 6200, 6400
Support Levels: 5700, 5630, 5500, 5450, 5300
SENSEX:
Last Close: 19673.64 (Up 98.00)
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:
Traders should be enjoying both side of intra-day trade. Nifty will find tough resis at 6000 mark above which 6100+ can be seen soon. Traders should remain long keeping stop loss at 5800 closing basis for short term upside to 6100+.
Hot Sectors for Today: Bank, IT & Auto.
Btst/Stbt, Hot in street & Results today
BTST/ STBT in last trade (Fut.):
Idbi (Buy – 88; SL- 87.30; Tgt Later)
Hot in Street:
Ktkbank, Rpower, Sintex, Tatasteel, Hindalco, Ucobank, Ifci, Nmdc, Relcapital, Tcs, Rcom, Renuka, Tatachem etc.
Trading picks for today:
| SCRIP NAME (CMP) | ENTRY LEVEL | TGT1 | TGT2—3 | SL | COMMENTS | |
| Hot Today | ||||||
| IDFC (150.25) | Must Buy At 149.5-148 | 153 | 154.5—156 | 146.5 | Good pick among mid-cap financial sector. | |
| ARVIND (79.55) | Buy At 79—78 | 81 | 82—83+ | 77 | Anytime sharp move can be seen, keep tight sl | |
| Derivative- Future (Strategy for today) | ||||||
| INFY (2316.60) | Must Buy At 2310-2280 | 2360 | 2385—2410+ | Bel 2250 | Max Profits: Unlimited | Bounce can be seen, buy at dip only today |
| INFY PE 2300 (43.45) | Buy when you buy Fut. | Hedging Position | Max Loss: Rs. 3750 | |||
| YESBANK (492.85) | Sell At 495—500 | 485 | 480—475 | Abv 505 | Max Profits: Unlimited | Not much upside seen soon Tgt 450. |
| YESBK CE 500 (13.15) | Buy when you sell Fut. | Hedging Position | Max Loss: Rs. 5000 | |||
| Derivative- Option Strategy | ||||||
| FRL CE 150 (9.00) | Buy At 8—6 | Options Trading strategy with High Risk- High Gain. | Max Profits: Unlimited | Trade & hold in bulk 4 short term good gains. | ||
| FRL PE 140 (4.05) | Sell 2 Lot with CE 150 | 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—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. |
| ………………. (192.50) | Must Buy At 190—184 | 210 | 220—230+ | Below 178 | Some good news expected soon, keep SL. |
Past performances
Last Trade (6th May 2013) Performance in all type of equity segment calls: Maximum Profit/Loss: Rs. 89600.00Approx.
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
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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 Tuesday, May 07, 2013
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