Daily News Letter Dated 16th 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: 16 September 2013
Support & Resistance
NIFTY:
Last Close: 5850.70 (Down 62.45)
Resistance Levels: 5900, 6080, 6180, 6300, 6450
Support Levels: 5650, 5500, 5300, 5200, 5050
SENSEX:
Last Close: 19781.88 (Down 215.57)
Resistance Levels: 20000, 20650, 21000, 21500, 22000
Support Levels: 19000, 18500, 17850, 17500, 17000
Sensex Range This Week: 19000 - 20300 above which it will touch 20800 & Below Target 18500; Good resistance closing above 20000.
Market Commentary:
Nifty is in profit booking mode and can show downside toward 5700—5600 very soon. Traders should sell on every rise keeping Nifty stop loss at 6050 closing basis. We still warn for big blow very soon which can global news based.
Hot Sectors Today: Oil-Gas & Pharma.
Btst/Stbt, Hot in street & Results today
BTST/ STBT in last trade (Fut.):
Yesbank Fut. (Buy– 285; SL – 280; Tgt - Later)
Top 10 Derivatives in the Street: Jppower, Bhel, Orientbank, Gmrinfra, Unionbank, Nhpc, Pnb, Ucobank, Centurytex, Pfc, Adaniports, Renuka, Adanient etc.
Trading picks for today:
SCRIP NAME (CMP) | ENTRY LEVEL | TGT1 | TGT2—3 | SL | COMMENTS | ||
Hot Today | |||||||
FRL (73.90) | Must Buy At 73.5—72 | 75.50 | 76.50—78+ | 71 | News based buying can occur, buy at any dip. | ||
RENUKA (18.30) | Buy C/Fut. At 18—17.50 | 19 | 19.50—20+ | 17 | All sugar stock are good for short term trader | ||
Derivative- Future (Strategy for today) | |||||||
RANBAXY (460.85) | Must Sell At 465—472 | 455 | 450—445 | Abv 480 | Max Profits: Unlimited | High risk traders can trade with hedging. | |
RANBAXY CE480(15.6) | Buy when you Sell Fut. | Hedging Position | Max Loss: Rs. 4000 | ||||
TATASTEEL (300.65) | Sell At 303—307 | 294 | 291—288 | Abv 310 | Max Profits: Unlimited | Trade with hedge of option for good gain. | |
TATASTL CE 310 (8.65) | Buy when you Sell Fut. | Hedging Position | Max Loss: Rs. 3000 | ||||
Derivative- Option Strategy | |||||||
CIPLA PE 440 (10.20) | Buy At 10—8 | Options Trading strategy with High Risk- High Gain. | Max Profits: Unlimited | Keep spot SL at 460, trade in bulk for gain. | |||
CIPLA CE 470 (4.40) | Sell 2 Lot with PE 440 | 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 full profit at 520 on 13th Sept. |
……………… (……….) | …………………… | ……. | ……………. | ……………. | ……………………………………. |
……………… (………) | ………………… | …..0 | …………. | ………………. | ………………………………………. |
IDFC (80.50) | Buy At 78—74 | 87 | 92—97+ | Below 70 | Booked 75% profit at 99 on 12th Sept. |
Past performances
Last Trade (13th September 2013) Performance in all type of equity segment calls: Maximum Profit/Loss: Rs. 1700.00 Approx.
Weekly Performance Report (9th – 13th September 2013):
http://nse-bse.blogspot.in/2013/09/weekly-performance-report-equity-calls_14.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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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
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