Daily News Letter Dated 23rd July 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 July 2012

 

Support & Resistance

NIFTY:

Last Close: 5205.10 (Down 37.60)

Resistance Levels:  5330, 5450, 5630, 5750, 5900

Support Levels: 5050, 4910, 4800, 4650, 4550

SENSEX:

Last Close: 17158.44 (Down 120.41)

Resistance Levels:  17700, 18000, 18500, 19000, 19500

Support Levels: 16500, 16150, 15800, 15300, 15000

Sensex Range This Week: 16800 - 17500 above which it will touch 18000 & Below Target 15300; Good Support closing below 16300.

 

Market Commentary:

Nifty will remain volatile in first half but one side movement can be seen in last hours. Nifty has good support at 5180—5150 & resistance at 5280—5300 for next 2—4 days. We remain seller on every rise as nothing +ve seen in the street. Coming days are full of action, trade accordingly.

Hot Sectors For Today: IT & Auto.

 

Btst/Stbt, Hot in street & Results today

BTST/ STBT in last trade (Fut.):

Infy (Buy– 2215; SL- 2190; Tgt Later )

Hot in Street:

Tatacomm, Orchidchem, Zeel, Ktkbank, Mtnl, Polaris, Tcs, Maruti, Pantaloon, Idea, Suzlon etc.

 

Trading picks for today:

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3	SL	COMMENTS
Hot Today
BHEL (227.75)	Must Buy 227—223	231	233—235	220	Short covering can be seen, trade with trend.
HINDPETRO (341.65)	Buy At 341—334	347	349—352	331	News based buying can be seen, watch out.
Derivative- Future (Strategy for today)
SUNTV  (289.65)	Must Buy At Opening	294	297—300+	Bel 280	Max Profits: Unlimited	We expect good up side today, Tgt 300+.
…………(…..)	Buy when you buy Fut.	Hedging Position			Max Loss: Rs 5000
MARUTI  (1148.00)	Sell At  1150—1174	1130	1120—1110	Abv 1190	Max Profits: Unlimited	Further selling can be seen, keep SL.
MARUTI CE 1150 (18.5)	Buy when you sell Fut.	Hedging Position			Max Loss: Rs. 4000
Derivative- Option Strategy
SBIN CE 2150 (21.00)	Must Buy At 20—10	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	One must trade & hold for 3—4 days for gain.
SBIN PE 2100 (11.00)	Buy 1 Lot with CE 2150
					Max Loss: Rs. 3750
Investment Pick (Long Term)
MOSERBAER(617140) (8.9)	Must Buy At 8.5—7	15	20—25+	Very low risk investment pick for long term gain.

 

Monthly trading picks:

Monthly trading picks for July (in Future)
RELINFRA  (577.95)	Must Sell  At 590—610	540	520—500	Above 630	Booked 75% profit at 516 on 17th July
LT (1426.85)	Must Sell At 1450—1490	1310	1250—1200	Above 1530	Booked 50% profit at 1365 on 18th July
ASHOKLEY (24.40)	Must Buy At 24—23	26.50	27.50—29+	Below 22	Booked partial profit at 26 on 10th July
BHUSANSTL  (475.20)	Must Sell At 480—500	440	420—400	Above 520	No movement seen, Exit at cost to cost.

 

Past performances

Last Trade (20^th July 2012) Performance in all type of equity segment calls: Maximum Profit/Loss: Rs 81100.00 Approx.

Weekly Performance Report (16^th – 20^th July):

http://nse-bse.blogspot.in/2012/07/weekly-performance-report-equity-calls_20.html

Monthly Performance Equity Calls (June):

http://nse-bse.blogspot.in/2012/06/monthly-performance-report-all-types-of.html

Monthly Performance All Nifty Calls (June):

http://nse-bse.blogspot.in/2012/06/monthly-performance-report-nifty.html

Monthly Performance Commodity Calls (June):

http://nse-bse.blogspot.in/2012/06/monthly-performance-report-commodity.html

 

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 India Stock {A unit of IBN Services, New Delhi} has taken due care and caution in compilation of data for its members. 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.caom Visit: http://ibnservices.blogspot.com/ OR http://www.ibnservice.com/ Call: (91) 9899909899