Daily News Letter Dated 17th 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: 17 July 2013

 

Support & Resistance

NIFTY:

Last Close: 5955.25 (Down 75.55)

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

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

SENSEX:

Last Close: 19851.23 (Down 183.25)

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 remain bearish for coming days too with support at 5800. We will see both side movements in mid-day session but bears will have upper hand. Short term downside to 5500 & below expected, hurdles will be found at 6200.

Hot Sectors Today: Oil-Gas & Telecom.

 

Btst/Stbt, Hot in street & Results today

BTST/ STBT in last trade (Fut.):

Tatamotors (Sell – 290.50; SL- 293; Tgt Later)

Hot in Street:

Idea, Ambujacem, Bhartiartl, Bpcl, Sunpharma, Tatamotors, Ranbaxy, Hcltech, Infy, Cipla, Rcom, Grasim, Ongc  etc.

 

Trading picks for today:

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3	SL	COMMENTS
Hot Today
AXISBANK (1230.85)	Must Buy At 1225-1210	1250	1262—1275	1198	Dead Cat bounce expected trade with tight SL
RCOM (145.95)	Sell At 147—149	144	142—140	150	Telecom stocks can show profit booking today.
Derivative- Future (Strategy for today)
BHARTIARTL (321.90)	Must Sell 324—328	316	312—308	Abv 332	Max Profits: Unlimited	Trade with hedge of option for good gain.
BHARTI CE 330 (4.10)	Buy when you sell Fut.	Hedging Position			Max Loss: Rs. 4000
HINDPETRO (236.30)	Buy At 235—232	240	242.5—245	Bel 229	Max Profits: Unlimited	Oil-Gas stocks are ready to explode now
HINDPE PE 230 (3.35)	Buy when you buy Fut.	Hedging Position			Max Loss: Rs. 3000
Derivative- Option Strategy
TCS PE 1640 (41.75)	Buy  At 40—32	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	Trade in bulk & hold for 5—7 day for gains.
TCS CE 1760 (9.10)	Sell 2 Lot with PE 1640				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	…………………………………………………………
CHAMBLFERT (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	……………………………………………………….
SUNPHARMA (1013.8)	Sell Fut. At  1030—1070	940	890—850	Revise 1120	SL hits pls exit.

 

Past performances

Last Trade (16th July 2013) Performance in all type of equity segment calls: Maximum Profit/Loss: Rs. 82500.00 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