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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