Daily News Letter Dated 3rd 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: 3 September 2013
Support & Resistance
NIFTY:
Last Close: 5550.75 (Up 78.95)
Resistance Levels: 5600, 5750, 5900, 6080, 6180
Support Levels: 5300, 5200, 5050, 4900, 4800
SENSEX:
Last Close: 18886.13 (Up 266.41)
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:
Market can show a +ve opening but –ve closing can be seen today. Traders can go short on rise keeping 5650 as stop loss. Some of sectors are highly overbought on charts for short term downside of 30%—50%. The selling should be stock specific.
Hot Sectors Today: Cement & Telecom.
Btst/Stbt, Hot in street & Results today
BTST/ STBT in last trade (Fut.):
Tatasteel Fut. (Sell – 290; SL – No; Tgt - Later)
Top 10 Derivatives in the Street: Renuka, Jpassociate, Suntv, Mcleodruss, Ptc, Indusindbk, Ibrealest, Crompgreav, Tatasteel, Mrf etc.
Trading picks for today:
| SCRIP NAME (CMP) | ENTRY LEVEL | TGT1 | TGT2—3 | SL | COMMENTS | |
| Hot Today | ||||||
| ACC (952.00) | Must Buy At 950—940 | 970 | 980—990+ | 930 | All Cement stocks are looking for good bounce | |
| SESAGOA (188.80) | Sell At 190—193 | 185 | 183—181 | 195 | Profit booking can be seen, sell on rise with SL | |
| Derivative- Future (Strategy for today) | ||||||
| CANBK (208.85) | Must Buy At 208—205 | 212.50 | 215—218 | Bel 200 | Max Profits: Unlimited | Banking stocks are looking oversold. |
| CANBK PE 200 (11.30) | Buy when you Buy Fut. | Hedging Position | Max Loss: Rs. 2500 | |||
| RCOM (130.30) | Sell At 131.50—133.50 | 128 | 126.5—125 | Abv 135 | Max Profits: Unlimited | All Adag stocks can show profit booing. |
| RCOM CE 135 (7.45) | Buy when you Sell Fut. | Hedging Position | Max Loss: Rs. 6000 | |||
| Derivative- Option Strategy | ||||||
| RIL PE 880 (29.15) | Buy At 26—20 | Options Trading strategy with High Risk- High Gain. | Max Profits: Unlimited | Keep spot SL at 920 & trade in bulk for gain. | ||
| RIL CE 940 (13.00) | Sell 2 Lot with PE 880 | Max Loss: Rs. 5000 | ||||
| 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 | |||||
| ……………… (…………) | …………………… | ……. | …………. | ……………. | ……………………………. |
| …………….. (……….) | ……………………. | …….. | ………… | …………… | ………………………… |
| ……………. (………) | ……………………. | ………. | ……….. | ……………. | ………………………….. |
| ……………. (…….) | …………………… | …….. | …………..+ | …………… | ……………………………….. |
Past performances
Last Trade (2nd September 2013) Performance in all type of equity segment calls: Maximum Profit/Loss: Rs. 22900.00 Approx.
Weekly Performance Report (26th – 30th 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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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
posted by NSE_BSE at Tuesday, September 03, 2013
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