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Daily News Letter

Date: 23 Aug 2012

Support & Resistance

NIFTY:

Last Close: 5412.85 (Down 8.15)

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

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

SENSEX:

Last Close: 17846.86 (Down 38.40)

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:

Nifty has crucial hurdle at 5450 closing basis above which will open for 5600+ levels, Traders should trade with proper stop loss & hedging to avoid major losses, as market will be volatile. We expect selling pressure till f&o expiry.

Hot Sectors For Today: Bank & IT.

Btst/Stbt, Hot in street & Results today

BTST/ STBT in last trade (Fut.):

Acc (Sell– 1370; Book Partial At 1361 Same Day)

Hot in Street:

Mtnl, Ranbaxy, Nmdc, Max, Lupin, Bpcl, Indiacem, Igl, Gspl, Ioc, Hindpetro, Bataindia, Infy, Bankbaroda etc.

Trading picks for today:

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3	SL	COMMENTS
Hot Today
CHAMBLFERT (67.95)	Must Buy 67.5—66	69	69.75—70.5	65	Short covering can be seen, buy at any dip.
HCLTECH (553.10)	Sell At 555—565	545	540—535	570	Must sell for downside to 520-510 soon.
Derivative- Future (Strategy for today)
TATASTEEL (394.50)	Buy At 394—386	402	406—410	Bel 380	Max Profits: Unlimited	One can buy for decent gain .
TATASTL PE 380 (2.20)	Buy when you buy Fut.	Hedging Position		Bel 380	Max Loss: Rs 3000	One can buy for decent gain .
INFY (2434.35)	Sell At 2435—2485	2385	2360—2335	Abv 2510	Max Profits: Unlimited	Profit booking in all IT stock can be seen.
INFY CE 2450(19.5)	Buy when you sell Fut.	Hedging Position		Abv 2510	Max Loss: Rs. 3125	Profit booking in all IT stock can be seen.
Derivative- Option Strategy
TATAMO PE 250 (5.85)	Must Buy At 5.50—4	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	One must trade & hold for 3—7 days for gain.
TATAMO CE 250 (3.90)	Buy 1 Lot with PE 250				Max Profits: Unlimited
TATAMO CE 250 (3.90)	Buy 1 Lot with PE 250				Max Loss: Rs. 8000
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 7^th Aug.
INFY (2227.40)	Must Buy At 2180—2125	2300	2400—2500	Below 2050	Booked 50% around 2320 on 10^th Aug.
RELINFRA (493.45)	Must Buy At 480—460	540	565—590+	Below 450	Booked partial around 520 on 6^th 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+.