Daily News Letter Dated 29th 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: 29 October 2013
Phone: (91) 9899909899; 9968443444; 9311353399
E-Mail: info@ibnservices.in or ibnservices@gmail.com
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Perf: http://nse-bse.blogspot.in; http://mcx-ncdex.blogspot.in
Support & Resistance
NIFTY:
Last Close: 6101.10 (Down 43.80)
Resistance Levels: 6240, 6300, 6450, 6500, 6600
Support Levels: 6000, 5800, 5650, 5500, 5350
SENSEX:
Last Close: 20570.28 (Down 113.24)
Resistance Levels: 21100, 21350, 21850, 22000, 22400
Support Levels: 20200, 19600, 19000, 18500, 18000
Sensex Range This Week: 20000 - 21000 above which it will touch 21500 & Below Target 19300; Good Support closing below 20000.
Market Commentary:
Nifty remains in sell mode on rise keeping SL at 6240 closing basis. We have warned earlier itself for same & expect the market to correct till 6000. Today the RBI meet will give trend to the market but any upward rally will be short lived as sell-off can be with global market trend.
Hot Sectors For Today: Banking & IT.
Btst/Stbt, Hot in street & Results today
BTST/ STBT in last trade (Fut.):
Adanient Fut. (Sell – 207; SL – Remove; Tgt Later)
Top 10 Derivatives in the Street: Adanient, Renuka, Titan, Finantech, Lt, Hdfc, Ongc, Jswsteel, Exideind,Tatachem etc.
Trading picks for today:
| SCRIP NAME (CMP) | ENTRY LEVEL | TGT1 | TGT2—3 | SL | COMMENTS | ||
| Hot Today | |||||||
| FRL (72.05) | Must Buy At 71.50—70 | 73.50 | 74.50—76+ | 69 | Low risk pick for day traders, keep tight SL. | ||
| RENUKA (24.10) | Sell C/Fut. At 24.5—25 | 23.50 | 223—22.50 | 25.50 | Profit booking expected, keep option as hedge. | ||
| Derivative- Future (Strategy for today) | |||||||
| BANKBARODA (568.5) | Must Buy At 565—558 | 577 | 483—590 | Bel 550 | Max Profits: Unlimited | RBI meeting will show direction. | |
| BANKBAR PE560 (9.85) | Buy when you Buy Fut. | Hedging Position | Max Loss: Rs. 4000 | ||||
| JSWSTEEL (862.00) | Sell At 865—875 | 850 | 840—830 | Abv 885 | Max Profits: Unlimited | Go short at any rise with option as hedge. | |
| JSWSTEEL CE880(7.6) | Buy when you sell Fut. | Hedging Position | Max Loss: Rs. 5000 | ||||
| Derivative- Option Strategy | |||||||
| LT PE 960 (12.30) | Buy At 11—7 | Options Trading strategy with High Risk- High Gain. | Max Profits: Unlimited | Trade & hold for 2—3 days for good gains. | |||
| LT CE 1000 (3.55) | Sell 2 Lots with PE 960 | Max Loss: Rs. 5000 | |||||
| Investment Pick (Long Term) | |||||||
| EDUCOMP(532696)(25) | Must Buy At 22—18 | 40 | 50—70++ | Buy in bulk for short term upside to 50+ even 80+ | |||
Monthly trading picks:
| Monthly trading picks for October 2013 | |||||
| GSPL (55.35) | Grab At 53—50 | 60 | 63—67+ | Below 48 | Booked 75% profits around 60 on 24 Oct |
| AUROPHARM (204.5) | Sell Fut. At 208—215 | 185 | 175—165 | Above 222 | Booked 50% profit around 203 on 17Oct |
| 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 (28th October 2013) Performance in all type of equity segment calls: Maximum Profit/Loss: Rs. 84400.00 Approx.
Weekly Performance Report (21st Oct – 25th October 2013):
http://nse-bse.blogspot.in/2013/10/weekly-performance-report-equity-calls_25.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
Phone Nos.: 91- 9899-90-9899 OR 9968-443-444 OR 9311-35-3399
Subscription Details: http://www.ibnservices.in or http://ibnservices.blogspot.in
Subscription charges for our calls in equity market: http://ibnequity.blogspot.in
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
posted by NSE_BSE at Tuesday, October 29, 2013
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