Daily News Letter Dated 2nd December 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 December 2013

 

Phone: (91) 9899909899; 9968443444; 9311353399

E-Mail: info@ibnservices.in or ibnservices@gmail.com

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Support & Resistance

NIFTY:

Last Close: 6176.10 (Up 84.25)

Resistance Levels: 6250, 6400, 6500, 6550, 6700

Support Levels: 5900, 5800, 5650, 5500, 5350

SENSEX:

Last Close: 20791.93 (Up 257.02)

Resistance Levels: 21000, 21500, 21850, 22000, 22500

Support Levels: 19850, 19500, 19000, 18500, 18000

Sensex Range This Week: 20000 - 21100 above which it will touch 21500 & Below Target 19300; Good Support closing below 20000.

 

Market Commentary:

Nifty will find hurdle around 6210-6230 today. Traders can sell at any gap up opening for downside to 6150 & below. We have advised to trade with hedge of options for avoid major loss, as the stock specific sharp movements are seen these days. We will not go long until Nifty closes abv 6400 on daily & weekly basis.

Hot Sectors For Today: IT & Infra.

 

Btst/Stbt, Hot in street & Results today

BTST/ STBT in last trade (Fut.):

Jpassociat Fut. (Sell – 54; SL 55, Tgt Later)

Top 10 Derivatives in the Street: Jpassociat, Syndibank, Nmdc, Bankbaroda, Pfc, Bankindia, Bhel, Jppower, Sslt, Ktkbank etc.

 

Trading picks for today:

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3		SL	COMMENTS
Hot Today
WIPRO (470.80)	Must Buy At 470—464	489	494—499		459	All IT stocks can show good rise in 1—2 days.
RELINFRA (430.35)	Sell C/Fut. At 433—438	423	419—415		442	Profit booking can be seen short at rise & hold
Derivative- Future (Strategy for today)
LT (1053.55)	Must Sell At 1060—1072	1035	1025—1015		Bel 1084	Max Profits: Unlimited	Any rise will be good selling opportunity.
LT CE 1060 (33.00)	Buy when you Sell Fut.	Hedging Position				Max Loss: Rs. 4500
ARVIND (128.80)	Sell At 129.50--131	126.50	125—123.50		Abv 132	Max Profits: Unlimited	Not much upside left soon Tgt 110--100.
ARVIND CE135 (3.40)	Buy when you sell Fut.	Hedging Position				Max Loss: Rs. 4000
Derivative- Option Strategy
TATAMOT PE400 (14.1)	Buy  At 13—10	Options Trading strategy with High Risk- High Gain.				Max Profits: Unlimited	Must trade & hold with spot SL 412.
TATAMOT CE420 (8.7)	Sell 2 Lot with PE 400					Max Loss: Unlimited
Investment Pick (Long Term)
RENUKA (532670) (20.5)	Must Buy At 20—18	30		40—50++	Buy in bulk for long term upside to 50+ even 70++

 

Monthly trading picks:

Monthly trading picks for December 2013
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Past performances

Last Trade (29^th November 2013) Performance in all type of equity segment calls: Maximum Profit/Loss: Rs. 300.00 Approx.

Weekly Performance Report (25^th – 29^th November 2013):

http://nse-bse.blogspot.in/2013/11/weekly-performance-report-equity-calls_29.html

Monthly Performance Equity Calls (November):

http://nse-bse.blogspot.in/2013/11/monthly-performance-report-all-types-of.html

Monthly Performance Nifty/ Bank Nifty Calls (November):

http://nse-bse.blogspot.in/2013/11/monthly-performance-report-nifty.html

Monthly Performance Commodity Calls (November):

http://nse-bse.blogspot.in/2013/11/monthly-performance-report-commodity.html

 

Important Links

Phone Nos.: 91- 9899-90-9899 OR 9968-443-444 OR 9311-35-3399

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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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Yahoo Group (Commodity): http://finance.groups.yahoo.com/group/ibncommodity/

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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. 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