Daily News Letter Dated 8th 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: 8 July 2013

 

Support & Resistance

NIFTY:

Last Close: 5867.90 (Up 30.95)

Resistance Levels: 5950, 6050, 6200, 6300, 6400

Support Levels: 5630, 5500, 5350, 5250, 5100

SENSEX:

Last Close: 19495.82 (Up 84.98)

Resistance Levels: 19700, 20000, 20350, 20700, 21000

Support Levels: 18650, 18150, 17650, 17100, 16800

Sensex Range This Week: 19000 - 20000 above which it will touch 20500 & Below Target 18500; Good Support closing below 18500.

 

Market Commentary:

Nifty will show profit booking & a downside toward 5800 today. Now every good rise will a selling opportunity with stop loss of 6000 for downside to 5700 & 5600 immediately, even 5400 possible in coming days. Trade with strict stop loss.

Hot Sectors For Today: Bank & Auto.

 

Btst/Stbt, Hot in street & Results today

BTST/ STBT in last trade (Fut.):

Tatasteel (Buy – 256.75; SL – 254; Tgt later)

Hot in Street:

Idfc, Ongc, Bhel, Reliance, Hdfcbank, Bankbaroda, Axisbank, Tatamotors, Rcom, Bataindia, Relcapital, Jublfood  etc.

 

Trading picks for today:

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3	SL	COMMENTS
Hot Today
CROMPGREAV (87.15)	Must Buy At 86.50—85	88.5	89.5—90.5	83.5	Anytime a sharp bounce toward 100 expected.
SUNPHARMA (1035.75)	Sell At 1040-1050	1020	1010—1000	1060	Stock is making double top, must short & hold
Derivative- Future (Strategy for today)
RCOM (135.10)	Must Sell 135.50—137	132.5	131—129.5	Abv 138	Max Profits: Unlimited	All R-group stocks are highly volatile.
RCOM CE 137.50 (7.15)	Buy when you sell Fut.	Hedging Position			Max Loss: Rs. 4000
IDBI  (71.95)	Buy At 71.5—70.5	73.5	74.5—75.5	Bel 69.5	Max Profits: Unlimited	One of the best pick among financial grp.
IDBI PE 70 (1.95)	Buy when you buy Fut.	Hedging Position			Max Loss: Rs. 4000
Derivative- Option Strategy
TATASTEL CE 260 (9.2)	Buy  At 8—6	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	Trade in bulk & hold for 5—7 day for gains.
TATASTEL PE 240 (4.0)	Sell 2 Lot with CE 260				Max Loss:  Rs. 10000
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	…………………………………………………………
……………….. (70.80)	Must Buy Fut. 70—67	77	81—85+	Below 64	………………………………………………………..
……………… (1013.8)	Sell Fut. At  1030—1070	940	890—850	Above 1100	……………………………………………………….

 

Past performances

Last Trade (5th July 2013) Performance in all type of equity segment calls: Maximum Profit/Loss: Rs. 25850.00 Approx.

Weekly Performance Report (1^st – 5^th July 2013):

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