Daily News Letter Dated 2nd 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: 2 July 2014

 

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: 7634.70 (Up 23.35)

Resistance Levels: 7700, 7850, 8000, 8200, 8350

Support Levels: 7100, 6900, 6650, 6400, 6250

SENSEX:

Last Close: 25516.35 (Up 102.57)

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

Support Levels: 23700, 23000, 2200, 21500, 21000

Sensex Range This Week: 24000 - 26000 above which it will touch 27500 & Below Target 22000; Good Support closing below 24000.

 

Market Commentary:

Nifty has good hurdle at 7660 closing basis & if manages to close above this level for 2 consecutive days then we can see 8000+ mark this time. The lack of monsoon is concerning our economic progress which can trigger sell-off in coming days. Traders are advised to trade with hedge of options or keep tight SL.

Hot sectors for today: Power & Textile.

 

Btst/Stbt, Hot in street & Results today

BTST/ STBT in last trade (Fut.):

Maruti Fut. (Sell – 2610; SL 2630, Tgt Later)

Top Derivatives in the Street: Hindalco, Maruti, Dishtv, Igl, Tatamotors, Bharatforg, M&m, Sail, Centurytex, Exideind etc.

 

Trading picks for today:

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3		SL	COMMENTS
Hot Today
TATAPOWER (108.30)	Must Buy At 108—106.5	110.5	112—114+		105	All power sector stocks are looking good for rise.
HINDALCO (175.15)	Sell C/Fut. 176—178	172	170—168		180	Trade with strict SL for good gain.
Derivative- Future (Strategy for today)
WIPRO (534.70)	Must Buy At 531—525	543	549—555		Bel 519	Max Profits: Unlimited	Very good pick among It sector, go long.
WIPRO PE 520 (13.20)	Buy when you Buy Fut.	Hedging Position				Max Loss: Rs. 3000
CENTURYTEX (611.00)	Sell At Rise to 613—620	600	594—588		Abv 625	Max Profits: Unlimited	Avoid go long in textile stocks, free fall soon
CENRUTY CE 630 (22.50)	Buy when you Sell Fut.	Hedging Position				Max Loss: Rs. 5000
Derivative- Option Strategy
MARUTI PE 2550 (73.20)	Buy  At 70—50	Options Trading strategy with High Risk- High Gain.				Max Profits: Unlimited	Trade & hold for 4—7 days with spot SL 2750.
MARUTI CE 2800 (36.75)	Sell 2 Lot with PE 2550					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 June 2014 (as on 1st June)
IDEA (138.05)	Must Buy C/F At 135--130	150	157—165+	Below 125	Booked 50% around 148 on 11th June.
………. (……..)	…………….	……	………….	………………	………………………
UNITECH (27.90)	Must Buy Fut. 27—25	31	34—37+	Below 23.5	Booked 75% around 38 on 9th June.
……….. (……….)	……………………	……….	……………	……………	……………………

 

Past performances

Last Trade (1^st June 2014) Performance in all type of equity segment calls: Maximum Profit/Loss: Rs. 29115.00 Approx.

Weekly Performance Report (23^rd June – 27^th June 2014):

http://nse-bse.blogspot.in/2014/06/weekly-performance-report-equity-calls_27.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

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