Wednesday, May 23, 2012

Daily News Letter Dated 23rd May 2012-Gain from us. Visit: http://www.ibnservice.com/ OR http://ibnservices.blogspot.com/ OR http://nse-bse.blogspot.com/ OR http://mcx-ncdex.blogspot.com/

Daily News Letter

Date: 23 May 2012

NIFTY:

Last Close: 4860.50 (Down 45.55)

Resistance Levels: 5050, 5130, 5250, 5330, 5450

Support Levels: 4800, 4650, 4550, 4400, 4300, 4200

SENSEX:

Last Close: 16026.41 (Down 156.85)

Resistance Levels: 16750, 17100, 17400,  17700, 18000

Support Levels: 15800, 15300, 15000 , 14500, 14000

Nifty will show a bounce toward 4900 today & mid-session can show volatility. Traders should buy at dips for good upside in next 24—48 hours. We can see short covering due to rollover. Stock specific sharp movements can be seen, but keep options as hedging.

Hot Sectors Today: Oil—Gas & IT.

BTST/ STBT in last trade (Fut.):

Ongc (Buy – 248; SL- 245; Tgt Later)

SCRIP NAME (CMP)

ENTRY LEVEL

TGT1

TGT2—3

SL

COMMENTS

Hot Today

GAIL  (314.70)

Must Buy At 314—307

320

323—326

304

One of the best pick for sharp rally in 1—2 wk

RPOWER  (90.00)                                                                                                                                                                                                            

Buy At 90—88

92

93—94

86

Short covering can be seen, buy at dips only.

Derivative- Future (Strategy for today)

PNB (720.50)

Must  Buy At  720—705

735

742—750

Bel 690

Max Profits: Unlimited

Low risk high gain stock for short term.

PNB PE 720 (15.50)

Buy when you buy Fut.

Hedging Position

  Max Loss: Rs 3750

HEXAWARE  (125.35)

Sell At 125—128

123

121.5—120

Abv

130

Max Profits: Unlimited

Stk can show selling pressure on rise.

HEXA CE 130 (1.55)

Buy when you sell Fut.

Hedging Position

 Max Loss: Rs. 4000

Derivative- Option Strategy

SBIN CE 1900 (47.55)

Must Buy At 45—30

Options Trading strategy with High Risk- High Gain.

Max Profits: Unlimited

Trade in bulk for 4—6 days for good gain.

SBIN PE 1800 (12.50)

Sell 2 Lot with CE 1900

Max Loss: Rs. 3750

Investment Pick (Long Term)

IRBINFRA (532947) (112.7)

Must Buy At 110—100

150

170—200+

One can buy in bulk for medium to long term gains.

Last Trade (22nd May 2012) Performance in all type of equity segment calls: Maximum Profit/Loss: Rs 30705.00 Approx.

 

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