Daily News Letter Dated 29th 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: 29 August 2013

 

Support & Resistance

NIFTY:

Last Close: 5285.00 (Down 2.45)

Resistance Levels: 5600, 5750, 5900, 6080, 6180

Support Levels: 5200, 5050, 4900, 4800, 4650

SENSEX:

Last Close: 17996.15 (Up 28.07)

Resistance Levels: 18800, 19300, 19800, 20300, 20650

Support Levels: 17650, 17100, 16650, 16300, 15800

Sensex Range This Week: 18000 - 19000 above which it will touch 19500 & Below Target 17300; Good support closing below 18000.

 

Market Commentary:

Nifty has next crucial support around 5050—5000 levels and any two consecutive closing below this will create another round of panic toward 4800 & 4600. Any bounce of 100-150+ points in Nifty will give a chance of selling again.

Hot Sectors Today: Oil-Gas & Pharma.

 

Btst/Stbt, Hot in street & Results today

BTST/ STBT in last trade (Fut.):

Petronet Fut. (Buy – 118; SL – 116.50, Tgt - Later)

Relinfra Fut. (Sell – 336; SL – No, Booked 50% at 333 Same Day)

Sunpharma Sept Fut. (Sell – 514; SL – 520; Tgt - Later)

Hot in Street: Ranbaxy, Sesagoa, Finantech, Cairn, Tatapower, Bharatforg, Adanipower, Indhotel, Auropharma, Jindalstel, Jswsteel etc.

 

Trading picks for today:

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3		SL	COMMENTS
Hot Today
ONGC (245.00)	Must Buy At 242—239	248	251—254+		236	All oil-gas stock are highly oversold buy at dip
RANBAXY (418.55)	Sell At 420—425	410	405—400		430	Profit booking can be seen soon Tgt 400—390.
Derivative- Future (Strategy for today)
TATAMOTORS (298.05)	Must Sell At 300—303	289	286—283		Abv 306	Max Profits: Unlimited	Sell on any rise with hedge of options.
TATAMOT CE 300 (2.0)	Buy when you Sell Fut.	Hedging Position				Max Loss: Rs. 3000
PNB (431.00)	Risky Buy At 428—422	440	445—450		Bel 417	Max Profits: Unlimited	Good pick among mid-cap banking.
…………. (……..)	………………….	Hedging Position				Max Loss: Rs. 2500
Derivative- Option Strategy
NIFTY PE 5300 (50.85)	Buy  At 30—20	Options Trading strategy with High Risk- High Gain.				Max Profits: Unlimited	Trade in bulk & Enjoy  good gain with expiry.
NIFTY PE 5200 (16.50)	Sell 2 Lot with PE 5300					Max Loss:  Rs. 3000
Investment Pick (Long Term)
IVRCLINF (530773) (10.30)	Must Buy At 10—8.50	20		25—30+	Buy in bulk for short term upside to 30+ even 40+

 

Monthly trading picks:

Monthly trading picks for August 2013 (as given on 12th Aug)
BHEL (117.40)	Grab At 115—110	130	135—140+	Below 105	SL Hit, Pls Exit.
BANKINDIA (169.25)	Buy at dips to 165—155	185	195—205+	Below 150	Booked partial at 184 on 14th August.
DLF (138.00)	Must Buy At 135—126	150	158—165+	Below 120	Booked 50% profit at 160 on 14th August
LICHSGFIN (169.25)	Buy At 165—155	185	195—205+	Below 150	Booked 50% profit at 175 on 26th August

 

Past performances

Last Trade (27^th August 2013) Performance in all type of equity segment calls: Maximum Profit/Loss: Rs. 53600.00 Approx.

Weekly Performance Report (19^th – 23^rd August 2013):

http://nse-bse.blogspot.in/2013/08/weekly-performance-report-equity-calls_23.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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Disclaimer

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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