Daily News Letter Dated 24th 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: 24 Aug 2012

 

Support & Resistance

NIFTY:

Last Close: 5415.35  (Up 2.50)

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

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

SENSEX:

Last Close:  17850.22 (Up 3.36)

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:

Market is in sell mode on every rise now on wards. Most of the stocks tired & need profit booking. We advise to sell on rise keeping stop loss 5450 closing basis for fall towards 5200—5150 in coming days.

Hot Sectors For Today: Oil mkt & IT.

 

Btst/Stbt, Hot in street & Results today

BTST/ STBT in last trade (Fut.):

Ongc (Buy– 282;  SL- 279.5; Tgt  Later)

Hot in Street:

Mtnl, Orchidchem, Indiacem, Ranbaxy, Voltas, Balramchin, Biocon, Cairn, Wipro, Uniphos, Tcs, Tatasteel  etc.

 

Trading picks for today:

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3	SL	COMMENTS
Hot Today
RCOM  (54.10)	Must Buy 54—53	55	55.5—56	53	One can buy for intraday gain tgt 58+ soon.
CENTURYTEX (321.80)	Sell  At 322—328	316	313—310	333	Profit booking can be seen in this stock .
Derivative- Future (Strategy for today)
SBIN  (1915.20)	Buy At  1915—1880	1950	1965—1980	Bel 1850	Max Profits: Unlimited	Low risk for short term gain, tgt 1950+.
SBIN  PE 1900(19.05)	Buy when you buy Fut.	Hedging Position			Max Loss: Rs 3750
TCS  (1325.10)	Sell At  1326—1350	1300	1288—1275	Abv 1370	Max Profits: Unlimited	Profit booking in all IT stock can be seen.
TCS CE 1350 (6.20)	Buy when you sell Fut.	Hedging Position			Max Loss: Rs. 5000
Derivative- Option Strategy
HINDUN PE 520 (5.50)	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.
HINDUN CE 520(5.55)	Buy 1 Lot with PE 520
					Max Loss: Rs. 4000
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 (23^rd Aug 2012) Performance in all type of equity segment calls: Maximum Profit/Loss: Rs 80800.00 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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Performance of our calls in equity market: http://nse-bse.blogspot.in

Performance of our calls in commodity market: http://mcx-ncdex.blogspot.in

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Disclaimer

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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