Daily News Letter Dated 22nd August 2012-Gain from us. Visit: http://www.ibnservice.com/ OR http://ibnservices.blogspot.in OR http://nse-bse.blogspot.in OR http://mcx-ncdex.blogspot.in

Daily News Letter

Date: 22 Aug 2012

 

Support & Resistance

NIFTY:

Last Close: 5421.00  (Up 54.70)

Resistance Levels: 5350, 5450, 5630, 5750, 5900

Support Levels: 5200, 5050, 4910, 4800, 4650

SENSEX:

Last Close:  17885.26 (Up 194.18)

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

Support Levels: 17100, 16600, 16300, 15800, 15300

Sensex Range This Week: 17100 - 18000 above which it will touch 18500 & Below Target 16300; Good Support closing below 17100.

 

Market Commentary:

One can sell at opening bell for downside towards 5400-5370. We do not expect much upside & daily chart looks overbought for a decent fall. Most of the sectors too looks overbought, select stocks selectively to sell.

Hot Sectors For Today: Teleccom & Cement.

 

Btst/Stbt, Hot in street & Results today

BTST/ STBT in last trade (Fut.):

Bhartiartl (Buy– 257;  Book Partial At 259.50 Same Day)

Hot in Street:

Hindzinc, Recapital, Dlf, Ntpc, Sesagoa, Pantaloonr, Mrpl, Ster, Indiacem, Infy, Sintex, Irb, Tatamotors, Acc, Gail etc.

 

Trading picks for today:

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3	SL	COMMENTS
Hot Today
BANKBARODA (636.8)	Must Buy 635—622	647	653—660	615	Keep an eye on banking stocks for blast.
TATAMOTORS (246.20)	Sell  At 247—253	241	238.50—236	256	Anytime panic can be seen in all auto stocks.
Derivative- Future (Strategy for today)
BPCL (340.60)	Buy At  340—334	347	350—354	Bel 330	Max Profits: Unlimited	News based buying can be seen, tgt 360+
BPCL PE 340 (5.05)	Buy when you buy Fut.	Hedging Position			Max Loss: Rs 4000
ACC  (1361.85)	Sell At  1362—1385	1336	1323—1310	Abv 1400	Max Profits: Unlimited	All cement stocks are overbought on chart.
ACC CE 1350(23.25)	Buy when you sell Fut.	Hedging Position			Max Loss: Rs. 3750
Derivative- Option Strategy
HINDU PE 500 (2.30)	Must Buy At 2—1	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	One must trade & hold for 3—7 days for gain.
HINDU CE 520 (3.45)	Buy 1 Lot with PE 500
					Max Loss: Rs. 5000
Investment Pick (Long Term)
ANU LABS (532981) (1.15)	Must Buy At 1.10—0.8	2	2.50—3+	Buy in truck load for medium—long term Tgt 3—5+

 

Monthly trading picks:

Monthly trading picks for August
RCOM  (56.00)	Must Buy At 55—53	60	63—67+	Below 50	Booked 50% around 59 on 7th Aug.
INFY (2227.40)	Must Buy At 2180—2125	2300	2400—2500	Below 2050	Booked 50% around 2320 on 10th Aug.
RELINFRA (493.45)	Must Buy At 480—460	540	565—590+	Below 450	Booked partial around 520 on 6th Aug.
UNITECH  (21.65)	Must Sell At 20.50—19	23.50	25—26.50	Below 18	Anytime big blast can be seen, Tgt 25+.

 

Past performances

Last Trade (21^st Aug 2012) Performance in all type of equity segment calls: Maximum Profit/Loss: Rs 56800.00 Approx.

Weekly Performance Report (6^th – 10^th August):

http://nse-bse.blogspot.in/2012/08/weekly-performance-report-equity-calls_10.html

Monthly Performance Equity Calls (July):

http://nse-bse.blogspot.in/2012/07/monthly-performance-report-all-types-of.html

Monthly Performance All Nifty Calls (July):

http://nse-bse.blogspot.in/2012/07/monthly-performance-report-nifty.html

Monthly Performance Commodity Calls (July):

http://nse-bse.blogspot.in/2012/07/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.com Visit: http://ibnservices.blogspot.in OR http://www.ibnservice.com/ Call: (91) 9899909899