Daily News Letter Dated 17th October 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: 17 October 2013

 

Phone: (91) 9899909899; 9968443444; 9311353399

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Support & Resistance

NIFTY:

Last Close: 6089.05 (Down 23.65)

Resistance Levels: 6180, 6300, 6450, 6500, 6600

Support Levels: 5700, 5630, 5500, 5350, 5200

SENSEX:

Last Close: 20547.62 (Down 59.92)

Resistance Levels: 20850, 21350, 21850, 22000, 22400

Support Levels: 19300, 19000, 18500, 18000, 17500

Sensex Range This Week: 19300 - 20500 above which it will touch 21000 & Below Target 18500; Good Resistance closing above 20000.

 

Market Commentary:

Market can show volatility in mid-session & a possibility of downside in second half. Nifty will face tough resistance at 6240 on daily & weekly basis above which a new bull zone will open. Remain seller at every rise keeping 6240 as stop loss.

Hot Sectors For Today: Banking & IT.

 

Btst/Stbt, Hot in street & Results today

BTST/ STBT in last trade (Fut.):

Yesbank. (Buy– 333; SL – 327; Tgt Later)

Top 10 Derivatives in the Street: Jpassociat, Tatasteel, Jppower, Tatacomm, Hindzinc, Hindalco, Asianpaint, Wipro, Techm, Jswsteel etc.

 

Trading picks for today:

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3		SL	COMMENTS
Hot Today
HINDALCO (112.20)	Must Sell At Opening	110	108—106		117	Free fall on 8—10% can be seen today itself.
ABIRLANUVO (1245.9)	Sell C/Fut. At 1240-1260	1220	1208—1195		1275	Anytime panic selling can be seen, Tgt 1150.
Derivative- Future (Strategy for today)
IDFC (93.80)	Must Buy At 93—91.50	95.50	97—99+		Bel 90	Max Profits: Unlimited	Low risk High gain strategy till expiry.
IDFC PE 90 (2.30)	Buy when you buy Fut.	Hedging Position				Max Loss: Rs. 3000
TCS (2219.85)	Sell At 2260—2290	2210	2190—2170		Abv 2310	Max Profits: Unlimited	Today’s high will be crucial for next 1 wk
TCS CE 2300 (29.15)	Buy when you sell Fut.	Hedging Position				Max Loss: Rs. 5000
Derivative- Option Strategy
IDFC CE 95 (3.40)	Buy  At 3—2	Options Trading strategy with High Risk- High Gain.				Max Profits: Unlimited	Trade & hold for 4—7 days for good gains.
IDFC PE 85 (1.10)	Sell 2 Lots with CE 90					Max Loss:  Rs. 6000
Investment Pick (Long Term)
Ashok Ley (500477)(13.8)	Must Buy At 13—11	19		25—30+	Buy in bulk for short term upside to 25+ even 30+

 

Monthly trading picks:

Monthly trading picks for October 2013
GSPL (55.35)	Grab At 53—50	60	63—67+	Below 48	Booked 50% profits around 58 on 10 Oct
…………….. (……)	………………….	……	……………	…………	………………………………..
HCLTECH (1087.85)	Must Sell At 1100—1130	1000	950—900	Above 1150	SL Hit, but sell & hold for fall. Very soon
VIJAYABANK (36.05)	Buy At 34.50—33.50	40	43—46+	Below 32.50	Booked 50% profits around 40 on 15 oct

 

Past performances

Last Trade (15^th October 2013) Performance in all type of equity segment calls: Maximum Profit/Loss: Rs. 72200.00 Approx.

Weekly Performance Report (7^th Oct – 11^th October 2013):

http://nse-bse.blogspot.in/2013/10/weekly-performance-report-equity-calls_12.html

Monthly Performance Equity Calls (September):

http://nse-bse.blogspot.in/2013/09/monthly-performance-report-all-types-of.html

Monthly Performance Nifty/ Bank Nifty Calls (September):

http://nse-bse.blogspot.in/2013/09/monthly-performance-report-nifty.html

Monthly Performance Commodity Calls (September):

http://nse-bse.blogspot.in/2013/09/monthly-performance-report-commodity.html

 

Important Links

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Subscription charges for our calls in commodity market: http://ibncommodity.blogspot.in

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. This document is not written by any registered advisor. 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