Daily News Letter Dated 6th 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: 6 September 2013

 

Support & Resistance

NIFTY:

Last Close: 5592.95 (Up 144.85)

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

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

SENSEX:

Last Close: 18979.76 (Up 412.21)

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:

One should sell at any rise toward 5620-5650 today and wait for profit booking in next 2—4 days. Next hurdle for Nifty lies at 5650 and then 5800. We still warn to remain cautious at rise else there can be a sharp decline again any day soon.

Hot Sectors Today: Bank & R-Group.

 

Btst/Stbt, Hot in street & Results today

BTST/ STBT in last trade (Fut.):

Relinfra Fut. (Sell – 358; SL – No; Booked 50% at 355 same day)

Top 10 Derivatives in the Street: Finantech, Yesbank, Federalbnk, Axisbank, Jppower, Orientbank, Icicibank, Dlf, Hdil, Sbin, Indusindbk, Kotakbank, Pnb etc.

 

Trading picks for today:

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3		SL	COMMENTS
Hot Today
VIJAYABANK (37.05)	Must Buy At 36.5—35.5	38	38.50—39+		35	Low risk pick for short term upside of 10-20%
BHEL (138.05)	Sell At 139—141	136	134.50—133		143	Profit booking can be seen, Sell on good rise.
Derivative- Future (Strategy for today)
BAJAJ-AUT (1908.95)	Must Sell At 1920—1950	1880	1860—1840		Abv 1970	Max Profits: Unlimited	Go short at any rise with hedge of option.
BAJAJ CE 1950 (47.0)	Buy when you Sell Fut.	Hedging Position				Max Loss: Rs. 2500
RELCAPITAL (335.35)	Sell At 338—342	308	305—302		Abv 345	Max Profits: Unlimited	All Adag stocks can show profit booking.
RELCAP CE 340 (16.3)	Buy when you Sell Fut.	Hedging Position				Max Loss: Rs. 3000
Derivative- Option Strategy
RCOM PE 130 (6.50)	Buy  At 6—4.50	Options Trading strategy with High Risk- High Gain.				Max Profits: Unlimited	Keep spot SL at 148 & trade bulk for gain.
RCOM CE 150 (4.05)	Sell 2 Lot with PE 130					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 (5^th September 2013) Performance in all type of equity segment calls: Maximum Profit/Loss: Rs. 112600.00 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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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