Daily News Letter Dated 3rd June 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: 3 June 2014
Phone: (91) 9899909899; 9968443444; 9311353399
E-Mail: info@ibnservices.in or ibnservices@gmail.com
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Support & Resistance
NIFTY:
Last Close: 7362.50 (Up 132.55)
Resistance Levels: 7500, 7700, 7850, 8000, 8200
Support Levels: 7100, 6900, 6650, 6400, 6250
SENSEX:
Last Close: 24684.85 (Up 467.51)
Resistance Levels: 25000, 26000, 26500, 27000, 27700
Support Levels: 23700, 23000, 2200, 21500, 21000
Sensex Range This Week: 23000 - 25000 above which it will touch 27000 & Below Target 22000; Good Resistance closing below 25000.
Market Commentary:
Nifty may show gap-up opening toward 7400 & then profit booking can emerge today. Traders should be ready to enjoy both side swings & keep tight SL in all trade to be safe.
Hot sectors today: Pharma & Bank.
Btst/Stbt, Hot in street & Results today
BTST/ STBT in last trade (Fut.):
Tatasteel Fut. (Sell – 493; SL No, Tgt Later)
Top Derivatives in the Street: Syndibank, Relcapital, Iob, Pfc, Albk, Lt, Canbk, Jppower, Bpcl, Unionbank etc.
Trading picks for today:
SCRIP NAME (CMP) | ENTRY LEVEL | TGT1 | TGT2—3 | SL | COMMENTS | ||
Hot Today | |||||||
SUNPHARMA (599.40) | Must Buy At 597—590 | 610 | 616—622+ | 584 | All pharma stocks can show bounce now. | ||
BPCL (556) | Sell C/Fut. 558—565 | 545 | 539—533 | 571 | Profit booking expected in Oil-Gas stocks. | ||
Derivative- Future (Strategy for today) | |||||||
TECHM (1893) | Must Buy At 1890-1870 | 1930 | 1950—1970 | Bel 1850 | Max Profits: Unlimited | Keep an eye on all IT stocks for bounce. | |
TECHM PE 1850 (44.3) | Buy when you Buy Fut. | Hedging Position | Max Loss: Rs. 2500 | ||||
RELCAPITAL (589.0) | Sell At Rise to 591—598 | 580 | 574—568 | Abv 604 | Max Profits: Unlimited | Adag stocks should show downside. | |
RELCAP CE 600 (32.45) | Buy when you Sell Fut. | Hedging Position | Max Loss: Rs. 6000 | ||||
Derivative- Option Strategy | |||||||
SBIN PE 2600 (70.00) | Buy At 60—40 | Options Trading strategy with High Risk- High Gain. | Max Profits: Unlimited | Trade & hold for 2—5 days with spot SL 2800 | |||
SBIN CE 2800 (49.00) | Sell 2 Lot with PE 2600 | Max Loss: Rs. 15000 | |||||
Investment Pick (Long Term) | |||||||
UBHOLDIN(507458)(40) | Must Buy At 38—35 | 60 | 75—90+ | Stock is coming up with good volume, buy in bulk. | |||
Monthly trading picks:
Monthly trading picks for May 2014 (as on 1st May) | |||||
……… (…….) | ……………. | ……. | …………… | ………… | ……………………………… |
AXISBANK (1529.45) | Sell Fut. Around 1550-1600 | 1400 | 1330—1270 | Above 1680 | SL Hit Pls Exit. |
UNITECH (16.00) | Must Buy Fut. 15.5—14.75 | 17.5 | 19—21 | Above 14 | Book 70% profits on 16th May at 21. |
IDFC (112.90) | Buy Fut. Around 110—105 | 120 | 126—132+ | Below 98 | Book 75% profits on 16th May at 130 |
Last Trade (2nd June 2014) Performance in all type of equity segment calls: Maximum Profit/Loss: Rs. 32625.00 Approx.
Weekly Performance Report (19th May – 23rd May 2014):
http://nse-bse.blogspot.in/2014/05/weekly-performance-report-equity-calls_23.html
Monthly Performance Equity Calls (April):
http://nse-bse.blogspot.in/2014/04/monthly-performance-report-all-types-of.html
Monthly Performance Nifty/ Bank Nifty Calls (April):
http://nse-bse.blogspot.in/2014/04/monthly-performance-report-nifty.html
Monthly Performance Commodity Calls (April):
http://nse-bse.blogspot.in/2014/04/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
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