Daily News Letter Dated 16th July 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: 16 July 2013

 

Support & Resistance

NIFTY:

Last Close: 6030.80 (Up 21.80)

Resistance Levels: 6030, 6180, 6250, 6400, 6500

Support Levels: 5850, 5700, 5630, 5500, 5350

SENSEX:

Last Close: 20034.48 (Up 76.01)

Resistance Levels: 20000, 20500, 20750, 21250, 21600

Support Levels: 19450, 19000, 18650, 18150, 17650

Sensex Range This Week: 19500 - 20500 above which it will touch 21000 & Below Target 19000; Good Resistance closing above 20150.

 

Market Commentary:

Market will show profit booking today, traders are advised to remain seller on every rise for downside toward 5800 & below very soon. Most of the stocks look tired and need a good correction.

Hot Sectors For Today: Bank & Pharma.

 

Btst/Stbt, Hot in street & Results today

BTST/ STBT in last trade (Fut.):

Yesbank (Sell – 501.50; SL- No SL; Tgt Later)

Hot in Street:

Hdil, Idea, Pnb, Irb, Sesagoa, Canbk, Idfc, Idbi, Albk, Frl, Rcom, Hcltech, Yesbank, Bankindia, Sbin, Tatasteel, Relcapital etc.

 

Trading picks for today:

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3	SL	COMMENTS
Hot Today
BANKINDIA (231.25)	Must Buy At 229—226	236	239—242	223	Good banking pick, go long at any dip Tgt 280
IDEA  (154.00)	Sell At 155-157	151	149—147	159	Profit booking can be seen, Tgt 150 & below.
Derivative- Future (Strategy for today)
HINDALCO (105.60)	Must Sell 106—107.50	103	101.5—100	Abv 109	Max Profits: Unlimited	Low risk pick for intra-day traders.
HINDAL CE 110 (1.30)	Buy when you sell Fut.	Hedging Position			Max Loss: Rs. 3000
FEDERALBNK (400.85)	Buy At 398—394	406	410—414	Bel 390	Max Profits: Unlimited	Banking stocks can show a bounce soon.
FEDBK PE 390 (8.25)	Buy when you buy Fut.	Hedging Position			Max Loss: Rs. 2000
Derivative- Option Strategy
RCOM PE 150 (7.65)	Buy  At 7—5	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	Trade in bulk & hold for 5—7 day for gains.
RCOM CE 160 (1.40)	Sell 2 Lot with PE 150				Max Loss:  Unlimited
Investment Pick (Long Term)
SAIL (500113) (52.20)	Must Buy At 50—45	75	90—110	News based buying will emerge very soon go long.

 

Monthly trading picks:

Monthly trading picks for July 2013
………………… (90.05)	Must Buy C/Fut. 88—84	99	105—110+	Below 80	………………………………………………………..
………………… (36.20)	Buy At 35.50—34	39.50	42—45+	Below 32.50	Book 50% Profits at 39 and hold long .
………………….. (70.80)	Must Buy Fut. 70—67	77	81—85+	Below 64	…………………………………………………….
………………… (1013.8)	Sell Fut. At  1030—1070	940	890—850	Revise 1120	SL hits pls exit.

 

Past performances

Last Trade (15th July 2013) Performance in all type of equity segment calls: Maximum Profit/Loss: Rs. 30750.00 Approx.

Weekly Performance Report (8^th – 12^th July 2013):

http://nse-bse.blogspot.in/2013/07/weekly-performance-report-equity-calls_12.html

Monthly Performance Equity Calls (June):

http://nse-bse.blogspot.in/2013/06/monthly-performance-report-all-types-of.html

Monthly Performance Nifty/ Bank Nifty Calls (June):

http://nse-bse.blogspot.in/2013/06/monthly-performance-report-nifty.html

Monthly Performance Commodity Calls (June):

http://nse-bse.blogspot.in/2013/06/monthly-performance-report-commodity.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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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