Daily News Letter Dated 12th September 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: 12 September 2013

 

Support & Resistance

NIFTY:

Last Close: 5913.15 (Up 16.40)

Resistance Levels: 5950, 6050, 6180, 6300, 6400

Support Levels: 5650, 5500, 5300, 5200, 5050

SENSEX:

Last Close: 19997.45 (Up 0.35)

Resistance Levels: 20150, 20500, 21000, 21500, 21850

Support Levels: 19000, 18500, 17850, 17500, 17000

Sensex Range This Week: 18500 - 19500 above which it will touch 20000 & Below Target 17750; Good support closing below 18000.

 

Market Commentary:

Any rise today will be a good selling opportunity for next 2—5 trading sessions. Nifty can spike toward 5950-6000 but selling will be seen. Traders should hedge their sell positions with call option, as volatility will be high.

Hot Sectors Today: Infra & R-Group.

 

Btst/Stbt, Hot in street & Results today

BTST/ STBT in last trade (Fut.):

Raymond Fut. (Sell – 230; SL – 232; Booked 50% at 226.50)

Top 10 Derivatives in the Street: Finantech, Irb, Ucobank, Bankindia, Raymond, Orientbank, Bankbaroda, Jswsteel, Gmrinfra, Ktkbank etc.

 

Trading picks for today:

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3	SL	COMMENTS
Hot Today
UNITECH (17.45)	Must Buy At 17.2—16.5	18	18.50—19+	16	Good pick for short term upside to 22—25+
SUNPHARMA (562.20)	Sell C/Fut. At 565—572	552	546—540	578	One should sell at rise & hold for short term.
Derivative- Future (Strategy for today)
TATASTEEL (316.80)	Must Sell At 320—325	311	308—305	Bel 330	Max Profits: Unlimited	Anytime panic of  Rs 30—40 can be seen.
TATASTL CE 320 (12.4)	Buy when you Sell Fut.	Hedging Position			Max Loss: Rs. 5000
RCOM (144.20)	Sell At 145—147	142	140.50—139	Abv 148.5	Max Profits: Unlimited	Go short at rise with options as hedging.
RCOM CE 360 (5.35)	Buy when you Sell Fut.	Hedging Position			Max Loss: Rs. 6000
Derivative- Option Strategy
RELINFR PE 360 (11.3)	Buy  At 120—100	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	Keep spot SL at 410, trade in bulk for gain.
RELINFR CE 420 (7.90)	Sell 2 Lot with PE 370				Max Loss:  Rs. 10000
Investment Pick (Long Term)
SINTEX (502742) (18.15)	Must Buy At 17—15	30	50—70+	Buy in bulk for short term upside to 30+ even 40+

 

Monthly trading picks:

Monthly trading picks for September 2013
PNB (430.05)	Grab At 420—400	465	490—515	Below 380	Booked 75% profit at 499 on 11th Sept.
…………………. (……..)	…………………….	……	……………	…………..	……………………………………
………………… (………)	……………………….	.....	……………..	………….	………………………………….
IDFC (80.50)	Buy At 78—74	87	92—97+	Below 70	Booked 50% profit at 90 on 10th Sept.

 

Past performances

Last Trade (11^th September 2013) Performance in all type of equity segment calls: Maximum Profit/Loss: Rs. 95900.00 Approx.

Weekly Performance Report (2^nd – 6^th September 2013):

http://nse-bse.blogspot.in/2013/09/weekly-performance-report-equity-calls.html

Monthly Performance Equity Calls (August):

http://nse-bse.blogspot.in/2013/08/monthly-performance-report-all-types-of.html

Monthly Performance Nifty/ Bank Nifty Calls (August):

http://nse-bse.blogspot.in/2013/08/monthly-performance-report-nifty.html

Monthly Performance Commodity Calls (August):

http://nse-bse.blogspot.in/2013/08/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