Daily News Letter Dated 16th July 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: 16 July 2014

 

Phone: (91) 9899909899; 9968443444; 9311353399

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Support & Resistance                                                                                                                                                 

NIFTY:

Last Close: 7526.65 (Up 72.50)

Resistance Levels: 7850, 8000, 8200, 8350, 8500

Support Levels: 7400, 7100, 6900, 6650, 6500

SENSEX:

Last Close: 25228.65 (Up 221.67)

Resistance Levels: 26000, 26500, 27000, 27700, 28500

Support Levels: 24800, 23700, 23000, 22000, 21500

Sensex Range This Week: 24000 - 26000 above which it will touch 27500 & Below Target 22500; Good Resistance closing Above 26000

 

Market Commentary:

Nifty may further bounce toward 7600 before showing more profit booking. Nifty has good support at 7400 below which sharp selling can be seen. Traders should go with recommended stocks with hedge of options for short term gain.

Hot sectors Today: IT & Capital Good.

 

Btst/Stbt, Hot in street & Results today

BTST/ STBT in last trade (Fut.):

Buy Fut. (Buy – 332.35; SL 329, Book 50% at 335)

Icicibank Fut. (Sell – 1390; SL Remove, Tgt Later)

Wipro Fut. (Buy – 533.50; SL 529, Tgt Later)

Top Derivatives in the Street: Voltas, Relinfra, Federalbnk, Syndibank, Indiacem, Bharatforg, Arvind, Apollotyre, Auropharma, Crompgreav etc.

 

Trading picks for today:

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3		SL	COMMENTS
Hot Today
ASIANPAINT (580.00)	Must Buy At 578—572	590	596—602		566	Stock has been laagered in this rally go long.
RELINFRA (770.20)	Sell C/Fut. At 772—780	758	750—742		788	Profit booking will continue, but keep SL.
Derivative- Future (Strategy for today)
HCLTECH (1466.10)	Must Buy At 1465—1450	1495	1510—1525		Bel 1435	Max Profits: Unlimited	Anytime sharp rise to 1550 can be seen.
HCLTEC PE 1450 (34.25)	Buy when you Buy Fut.	Hedging Position				Max Loss: Rs. 3750
BHEL (236.90)	Sell At Rise to 238—241	232	229—226		Abv 244	Max Profits: Unlimited	Sell with hedge of CE option for good gain.
BHEL CE 240 (6.65)	Buy when you Sell Fut.	Hedging Position				Max Loss: Rs. 6000
Derivative- Option Strategy
ITC CE 350 (3.50)	Buy  At 3.5—2	Options Trading strategy with High Risk- High Gain.				Max Profits: Unlimited	Trade & hold for 5—7 days with spot SL 325.
ITC PE 320 (1.15)	Sell 2 Lot with CE 350					Max Loss: Rs. 5000
Investment Pick (Long Term)
ORCHIDCHE (524372)(81)	Must Buy At 78—70	120		140—160+	Low risk pick 4 medium to long term investors, buy bulk.

 

Monthly trading picks:

Monthly trading picks for July 2014 (as on 3rd July)
…….. (…..)	…………..	….	………..	……….	…………………….
ARVIND (244.25)	Sell Fut. Around 250--260	225	215—200	Above 270	Book 75% profits around 205 on 10th July.
MARUTI (2650.35)	Must Sell Fut. 2680—2800	2400	2300—2200	Below 2860	Book some profit around 2510 & wait.
BHARATFORG (671.6)	Sell Fut. Around 680—710	600	570—540	Above 740	Book some profit around 620 & wait.

 

Past performances

Last Trade (15^th June 2014) Performance in all type of equity segment calls: Maximum Profit/Loss: Rs. 46260.00 Approx.

Weekly Performance Report (7^th July – 11^th July 2014):

http://nse-bse.blogspot.in/2014/07/weekly-performance-report-equity-calls_11.html

Monthly Performance Equity Calls (June):

http://nse-bse.blogspot.in/2014/06/monthly-performance-report-all-types-of.html

Monthly Performance Nifty/ Bank Nifty Calls (June):

http://nse-bse.blogspot.in/2014/06/monthly-performance-report-nifty.html

Monthly Performance Commodity Calls (June):

http://mcx-ncdex.blogspot.in/2014_06_01_archive.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