Daily News Letter Dated 16th August 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 August 2013

 

Support & Resistance

NIFTY:

Last Close: 5742.30 (Up 43.00)

Resistance Levels: 5750, 5900, 6080, 6180, 6250

Support Levels: 5500, 5350, 5200, 5050, 4900

SENSEX:

Last Close: 19367.59 (Up 137.75)

Resistance Levels: 19300, 19800, 20300, 20650, 20900

Support Levels: 18650, 18150, 17650, 17100, 16650

Sensex Range This Week: 18500 - 19500 above which it will touch 20000 & Below Target 19000; Good support closing below 18000.

 

Market Commentary:

Traders should sell on rise toward 5800—5850 for downside to 5700 & below. We expect profit booking today and coming days. Any quick rise will be a good selling opportunity, but trade with either strict stop loss or hedge of options.

Hot Sectors For Today: Bank & IT.

 

Btst/Stbt, Hot in street & Results today

BTST/ STBT in last trade (Fut.):

Irb (Buy – 72.10; Book full At 75.20 Same Day)

Hot in Street:

Tatamotors, Bpcl, Hindalco, Dlf, Ongc, Tatasteel, Bajajauto, hdil, Ster, Acc, Icicibank, Reliance, Ioc, Petronet, Axisbank etc.

 

Trading picks for today:

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3	SL	COMMENTS
Hot Today
BHEL  (118.55)	Must Buy At 118—116.5	121	122.5—124	115	Bounce can be seen, buy at dips.
INFY  (3069.65)	Sell At 3075—3110	3000	2970—2940	3150	Stock can be sold at rise for free fall today.
Derivative- Future (Strategy for today)
BANKINDIA (180.60)	Must Buy At 180-178	184	186—188	Bel 176	Max Profits: Unlimited	One must go long for upside to 200+ soon.
BANKIN PE170 (4.20)	Buy when you buy Fut.	Hedging Position			Max Loss: Rs. 2000
MARUTI  (1398.00)	Buy At 1390—1375	1420	1435—1450	Bel 1360	Max Profits: Unlimited	News based buying can be seen today.
MARUTI PE 1380 (30.3)	Buy when you buy Fut.	Hedging Position			Max Loss: Rs. 3750
Derivative- Option Strategy
YESBNK CE 300 (14.55)	Buy  At 13—10	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	Trade in bulk & hold for gain for 4—7 days .
YESBNK PE 260 (6.10)	Sell 2 Lot with CE 300				Max Loss:  Rs. 10000
Investment Pick (Long Term)
SUZLON (532667) (6.70)	Must Buy At 6.50—5	10	14—18+	Buy in bulk for short term upside to 20+ even 30+

 

Monthly trading picks:

Monthly trading picks for August 2013 (as given on 12th Aug)
……………….(117.40)	……………………………..	130	135—140+	Below 105	………………………………………………………..
……………… (169.25)	………………………………	185	195—205+	Below 150	……………………………………………………….
…………….. (138.00)	……………………………	150	158—165+	Below 120	………………………………………………………..
……………… (169.25)	…………………………….	185	195—205+	Below 150	………………………………………………………...

 

Past performances

Last Trade (14^th August 2013) Performance in all type of equity segment calls: Maximum Profit/Loss: Rs. 47575.00 Approx.

Weekly Performance Report (5^th – 9^th August 2013):

http://nse-bse.blogspot.in/2013/08/weekly-performance-report-equity-calls_9.html

Monthly Performance Equity Calls (July):

http://nse-bse.blogspot.in/2013/07/monthly-performance-report-all-types-of.html

Monthly Performance Nifty/ Bank Nifty Calls (July):

http://nse-bse.blogspot.in/2013/07/monthly-performance-report-nifty.html

Monthly Performance Commodity Calls (July):

http://nse-bse.blogspot.in/2013/07/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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How to trade with our calls: http://ibnguide.blogspot.in

 

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