Daily News Letter Dated 24th 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: 24 July 2012

 

Support & Resistance

NIFTY:

Last Close: 5117.95 (Down 87.15)

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

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

SENSEX:

Last Close: 16877.35 (Down 281.89)

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 can bottom out around 5080—5030 in next 1—2 days & if closes below 5000 then further panic can be seen. One can buy at dip for bounce toward 5150—5200. Trade with tight stop loss & avoid long for time being, as we foresee good fall in coming days, trade with hedge.

Hot Sectors For Today: Infra & Banking.

 

Btst/Stbt, Hot in street & Results today

BTST/ STBT in last trade (Fut.):

Bhel (Buy– 220; SL- 218; Tgt Later )

Hot in Street:

Bajajhind, Zeel, Biocon, Renuka, Ongc, Cipla, Blramchin, Lupin, Acc, Geship, Max, Dabur, Ioc, Geship, Jindalsaw etc.

 

Trading picks for today:

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3	SL	COMMENTS
Hot Today
HDIL (76.00)	Must Buy 75—73	78	79—80	71	Something cooking in infra stock, keep SL.
VIJAYABANK (54.90)	Buy At 54.5—53.5	56	56.50—57	53	One should buy at dip only for bounce back.
Derivative- Future (Strategy for today)
HINDALCO (116.35)	Buy At  116—113	118.50	120—121.50	Bel 111	Max Profits: Unlimited	Short covering can be seen, buy at dips.
HINDALC PE 110 (0.30)	Buy when you buy Fut.	Hedging Position			Max Loss: Rs 4000
WIPRO  (354.10)	Buy At  353—347	360	364—368	Abv 340	Max Profits: Unlimited	Result expected to be much better, Tgt 370.
WIPRO PE 340 (3.00)	Buy when you sell Fut.	Hedging Position			Max Loss: Rs. 3500
Derivative- Option Strategy
MARUTI CE1100 (13.5)	Must Buy At 12—8	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	One must trade & hold for 2—3 days for gain.
MARUTI PE 1050 (7.00)	Buy 1 Lot with CE 1100
					Max Loss: Rs. 5000
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 (23^rd July 2012) Performance in all type of equity segment calls: Maximum Profit/Loss: Rs -25900.00 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