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ISO 9001-2008 Certified
Research
Company – Stock/Commodity/Forex.
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DAILY TECHNICAL NEWS
LETTER
Dated
: 13th
June 2013.
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E Mail : enquiry@3mteam.in
Cell No. 9301302732 – 9203900646
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CAMP - Newyork
- USA
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Our
Positional Call Target
5750
have been achieved
Below
6130….
Now
– Trend is Down but Current level
Fresh
short should be avoid except…….
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NIFTY
FUTURE :
Nifty Future on yesterday open with down side gap and
hold support level
5750 and some pull back and
short covering finally closed at 5777 marked.
1.
With a fall of last 4 weeks Nifty
Future are slowly and study testing
200 DMA which is clearly sign near to
5750 as well as 61.8%
Retracement of previous rally from 5477 to 6229 which is also
Placed at 5765 level near to 200
DMA. All are
showing that
Nifty have been achieved first target
and at presently it is in over
Sold
as per daily momentum and RSI Chart.
2.
Yesterday trading pattern indicate
that some support visible at lower
Level which is near to 200 DMA as well
as 61.8% retracement level of
Previous rally.
3. What to do :
At present juncture Nifty are trading in
over sold zone and we may
Consider strong support……….as long as hold these support, we
May
expect some up side in current level due to over sold region
And
every higher level it will face resistance 5850-5950-5971.
On
the flip side… if unable to hold
support level and starting
Trading below…….and further depreciation of rupee, more pain
In
the market can not be ruled out. So
best way to wait and
Watch, Global Ques, Domestic
Ques, RBI intervention in rupee
As
well as Open Interest scanerio.
Presently Nifty Future are very crucial level, either it move
200-300 points and down side…. So closely watch, before taking
Any
decision. Option traders can go
for straddle/strangle.
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Bank Nifty
:
1. As regards the Bank Nifty Future our TEAM are
completely bearish
Since broken 13000 level and more bearish and advised to
Aggressively short selling below 12500 and hold short position. On
The good side, all the level have been broken and finally major
Support also broken 12000 and
finally yesterday made a low
11721 which is almost 13000
point wipe out.
2. As continue falling of last few weeks indicate
pressure continue
And all front like of banking stocks substantial wipe out which was
Gained in few weeks. The rise from 10904 to 13348 of
Retracement level of 61.8% which is placed nearly 11850 mark
On yesterday trade broken but finally able to close near to 11850.
3. All are indicator are showing market are nearly
going to over sold
Region and at that level any short sell
should be danger without
Technical level. However, some
sign seen on yesterday trading for
Bottom out and more
confirmation awaited. Time being we
may
Consider resistance are
any up side nearly 12000 mark and
Decisively crossover
sentiment turn positive towards 12400-12500
In near term. However, clear picture will be visible on
17th June
Whereas the RBI
announce again Credit Policy. Before
that
Any fresh long and
short position will be danger of traders.
So wait and watch
and trade should be carefully with
strict
Stop loss and save
your capital.
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USD INR
Indian Rupee are
continue in free fall mode against US
Dollar which resulted RBI likely to go for Interest Rate Cut. In order to avoid further depreciation,
RBI finally jumped into the forex
market by selling Dollars and buying rupee which likely control on yesterday
trade.
RBI intervention in the
market and control the rupee for further depreciation is a short term picture
which is not good for long term scanerio.
At this juncture, Govt. make a
proper policies that are favourable for Foreign Investments, NRI who are seating
a billions of dollars but waiting for proper policies/steps by the Government
so inflows of long term foreign Capital will provide better support to the rupee as well as also
control Inflation which is first
priority of Govt.
At present my Camp in New York (USA) and I am advising to my all Colleague ,
Friends, Visitors /Readers of web site who are seating of millions of dollars to send India and take advantage
of depreciation of rupee towards small contribution for Govt. of India to control Rupee.
Have a good Day.
R. Sethi -
CEO
3mteam.in
Cell No.001-617-639-9301
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OUR
SERVICES :
|
Hedging
Strategy in Future : 95% Accuracy
: Rs. 21000/- Monthly.
|
Cash
Market Intraday (BSE/NSE) :
Rs. 10000/- Quarterly
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BTST
CALL : Rs.
6000 Monthly - Rs. 15000 Quarterly.
|
OPTION
CALL : Rs. 5000
Monthly - Rs. 13000 Quarterly.
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Stock
Future Call : Rs. 10000 Monthly
- Rs. 24000/- Quarterly.
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3rd
Eye Call : Rs. 5000 Per call – 15000 – 5 calls.
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HNI
CALL (on phone line) : Rs. 25000 Monthly - Rs. 61000 Quarterly.
|
Nifty
Future + Bank Nifty : Rs. 10000 Monthly
- Rs. 25000 Quarterly.
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3M
TEAM Aspire (Delivery Based) Rs.
10000 quarterly.
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PAYMENT DETAILS :
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All
fees payable in advance in Current
Account in the name of
‘3M
TEAM SECURITY SERVICES PVT LTD’
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ICICI BANK : 09160
55000 95
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AXIS BANK : 9110 200 4823-5337
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HDFC
BANK : 003625-60012
-343
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STATE BANK : 32043108702
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Payment
through Credit Card facility is also available through our web site www.3mteam.in
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DISCLAIMER : Stock trading involves high risk and one can lose Substantial amount of money.The recommendations made herein Do not constitute an offer to sell or solicitation to buy any of the Securities mentioned. No representations can be made that recommendations contained herein will be profitable or they will Not result in losses. Readers using the information contained herein are solely responsible for their actions. The information is obtained from sources deemed to be reliable but is not guaranteed as to accuracy and completeness. The above recommendations are based on technical analysis only. NOTE WE HAVE NO HOLDINGS IN ANY OF STOCKS RECOMMENDED ABOVE |
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