Daily News Letter Dated 2nd April 2014-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 April 2014

 

Phone: (91) 9899909899; 9968443444; 9311353399

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Support & Resistance

NIFTY:

Last Close: 6721.05 (Up 16.85)

Resistance Levels: 6550, 6700, 6800, 6900, 7000

Support Levels: 6400, 6250, 6150, 6030, 5900

SENSEX:

Last Close: 22446.44 (Up 60.17)

Resistance Levels: 22000, 22500, 22850, 23100, 23500

Support Levels: 21500, 21000, 20700, 20300, 19800

Sensex Range This Week: 21500 - 22500 above which it will touch 23000 & Below Target 21000; Good Resistance closing above 22500.

 

Market Commentary:

Nifty peaked to another high today & expected to remain up for few more days. As we move higher the chances of severe correction will be high. One should remain highly cautious at these level & trade long in selective stock with hedge of option, else loss can be high.

Hot sectors for today: Infra & Auto.

 

Btst/Stbt, Hot in street & Results today                                                                                                                                                                        

BTST/ STBT in last trade (Fut.):

Idea Fut. (Buy – 138; SL – No, Tgt Later)

Tatasteel Fut. (Sell – 404; SL – 407, Book 50% at 400.50)

Top Derivatives in the Street: Hexaware, Tatamtrdvr, Auropharma, Dabur, Upl, Indiacem, Gmrinfra, Ibrealest, Wipro, Arvind etc.

 

Trading picks for today:

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3		SL	COMMENTS
Hot Today
IDBI (64.00)	Must Buy At 63.5—62	65.5	66.5—68+		61	Very good pick among mid-cap banking sector
TATAMTRDVR(212.60)	Sell C/Fut. 214—217	208	206—204		220	Go short on rise but keep hedge of CE option.
Derivative- Future (Strategy for today)
UNITECH (13.70)	Must Buy At 13.5—13.2	14	14.3—14.7+		Bel 13	Max Profits: Unlimited	One should remain long for Tgt 15+ soon
UNITECH PE12.5 (0.50)	Buy when you Buy Fut.	Hedging Position				Max Loss: Rs. 2400
ARVIND (179.80)	Sell At 181—183	176	174—172		Abv 185	Max Profits: Unlimited	High risk high gain strategy for today.
ARVIND CE 185 (5.30)	Buy when you Sell Fut.	Hedging Position				Max Loss: Rs. 8000
Derivative- Option Strategy
HEXAWAR PE160 (8.5)	Buy  At 8—6	Options Trading strategy with High Risk- High Gain.				Max Profits: Unlimited	Must trade & hold for 1—2 week, spot SL 175
HEXAWAR CE 180 (2.7)	Sell 2 Lot with PE 160					Max Loss: Rs. 20000
Investment Pick (Long Term)
UNITECH (507878) (12.6)	Must Buy At 12—10	18		21—24+	Good pick for medium-long term investors, Tgt 20+

 

Monthly trading picks:

Monthly trading picks for March 2014 (as on 4th March)
TATAMOT (416.00)	Must Sell Fut. At 420—440	380	365—350	Below 450	Booked 50% profits around 280 on 20th .
LICHSGFIN (209.85)	Buy Fut. At 205—195	225	235—245	Above 190	Booked 75% profits around 235 on 13th .
………. (……)	………………….	……	…………….	…………..	……………………………………
NTPC (114.60)	Buy Fut. Around 110—104	130	138—145+	Above 99	Booked 50% profits around 122 on 28th .

 

Past performances

Last Trade (1^st April 2014) Performance in all type of equity segment calls: Maximum Profit/Loss: Rs. 75285.00 Approx.

Weekly Performance Report (24^th – 28^th March 2014):

Weekly Performance Report (24^th – 28^th March 2014):

http://nse-bse.blogspot.in/2014/03/weekly-performance-report-equity-calls_28.html

Monthly Performance Equity Calls (February):

http://nse-bse.blogspot.in/2014/03/monthly-performance-report-all-types-of.html

Monthly Performance Nifty/ Bank Nifty Calls (February):

http://nse-bse.blogspot.in/2014/03/monthly-performance-report-nifty.html

Monthly Performance Commodity Calls (January):

http://nse-bse.blogspot.in/2014/02/monthly-performance-report-commodity.html

 

Important Links

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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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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