Daily News Letter Dated 2nd 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: 2 September 2013

 

Support & Resistance

NIFTY:

Last Close: 5471.80 (Up 62.75)

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

Support Levels: 5300, 5200, 5050, 4900, 4800

SENSEX:

Last Close: 18619.72 (Up 218.68)

Resistance Levels: 19100, 19500, 20000, 20650, 21000

Support Levels: 18000, 17650, 17100, 16650, 16300

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

 

Market Commentary:

Nifty expected to open gap down around 5400—5380 & can drift further down toward 5330 & below. Traders should avoid aggressive positions else it can be a trap either side, better trade with hedge of options with future.

Hot Sectors Today: Oil-Gas & Pharma.

 

Btst/Stbt, Hot in street & Results today

BTST/ STBT in last trade (Fut.):

Tcs Fut. (Sell – 1989; SL – No; Booked 50% at 1977 same day)

Cipla Fut. (Sell – 415.50; SL – No; Tgt - Later)

Top 10 Derivatives in the Street: Bankindia, Abirlanuvo, Bajaj-Auto, Yesbank, Cipla, Titan, Indiacem, Canbk, Tcs, Hdfc, Hindunilvr, zeel, Unitech etc.

 

Trading picks for today:

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3		SL	COMMENTS
Hot Today
SUNPHARMA (521.20)	Must Sell At 526—534	512	506—500		540	Pharma stocks should show decent downside.
TCS (2033.20)	Sell At 2045—2070	271	268—265		284	Sell on rise only for a fall in mid-session today.
Derivative- Future (Strategy for today)
ANDHRABANK (50.50)	Must Buy At 50—48.5	51.50	52.5—53.5		Abv 47.50	Max Profits: Unlimited	All Mid-cap banking are highly oversold.
ANDHRA PE 50 (2.85)	Buy when you Buy Fut.	Hedging Position				Max Loss: Rs. 4000
TATASTEEL (276.15)	Sell At 279—283	271	268—265		Bel 286	Max Profits: Unlimited	High risk - High gain strategy for today.
TATASTL CE 280 (15.7)	Buy when you Sell Fut.	Hedging Position				Max Loss: Rs. 3000
Derivative- Option Strategy
RCOM PE 120 (8.20)	Buy  At 7.50—6	Options Trading strategy with High Risk- High Gain.				Max Profits: Unlimited	Keep spot SL at 135 & trade in bulk for gain.
RCOM CE 140 (3.20)	Sell 2 Lot with PE 120					Max Loss:  Unlimited
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 September 2013
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Past performances

Last Trade (30^th August 2013) Performance in all type of equity segment calls: Maximum Profit/Loss: Rs. 128000.00 Approx.

Weekly Performance Report (26^th – 30^th August 2013):

http://nse-bse.blogspot.in/2013/08/weekly-performance-report-equity-calls_30.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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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