Daily News Letter Dated 3Ist 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: 31 July 2012

 

Support & Resistance

NIFTY:

Last Close: 5199.80 (Up 99.95)

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

Support Levels: 5000, 4910, 4800, 4650, 4550

SENSEX:

Last Close: 17143.68 (Up 304.49)

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

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

Sensex Range This Week: 16500 - 17500 above which it will touch 18000 & Below Target 16100; Good Support closing below 16300.

 

Market Commentary:

Market will show selling pressure from higher levels today. One can sell around 5230—5250 keeping stop loss at 5300 for downside toward 5170—5140 & below. We do not expect any major news from RBI, but market will show W kind of pattern today during mid-session.

Hot Sectors For Today: Bank & R-group.

 

Btst/Stbt, Hot in street & Results today

BTST/ STBT in last trade (Fut.):

Bhartiartl (Buy– 310; SL- 307; Tgt Later)

Relinfra (Sell– 497; SL- No SL; Tgt Later)

 Hot in Street: Suzlon, Irb, Hdil, Gmrinfra, Jetairways, Relinfra, Ncc, Sintex, Ibrealest, Polaris, Relcapital, Dcb, Vipind etc.

 

Trading picks for today:

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3	SL	COMMENTS
Hot Today
HINDALCO  (118.55)	Must Buy 118—115	121	122.5—124	113	Watch closely today & buy at any dip for gain.
IRB (126.30)	Sell  At 126.50—130	123	121—119	132	Profit booking can be seen, sell on rise only.
Derivative- Future (Strategy for today)
ORIENTALBK (235.55)	Sell At  236--241	230	227—224	Abv 245	Max Profits: Unlimited	We expect profit booking today.
……………… (……..)	Buy when you buy Fut.	Hedging Position			Max Loss: Rs 4000
MCDOWELL  (780.00)	Sell At  780—795	765	757—750	Abv 805	Max Profits: Unlimited	Sell on rise for down side toward 750.
…………… (……….)	………………….	Hedging Position			Max Loss: Rs. 5000
Derivative- Option Strategy
ICICIBK PE 960 (26.95)	Must Buy At 25—17	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	One must trade & hold for 2—4 days for gain.
ICICIBK CE 980 (24.00)	Buy 1 Lot with PE 960
					Max Loss: Rs. 10000
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 full profit at 475 on 26th July
LT (1426.85)	Must Sell At 1450—1490	1310	1250—1200	Above 1530	Booked max profit at 1315 on 26th 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	Booked partial profit at 465 on 26th July.

 

Past performances

Last Trade (30^thJuly 2012) Performance in all type of equity segment calls: Maximum Profit/Loss: Rs 153385.00 Approx.

Weekly Performance Report (23^rd – 27^th July):

http://nse-bse.blogspot.in/2012/07/weekly-performance-report-equity-calls_27.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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Performance of our calls in commodity market: http://mcx-ncdex.blogspot.com/

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Disclaimer

Kindly read carefully before trading with us:

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