Daily News Letter Dated 24th September 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 Sep 2012
Support & Resistance
NIFTY:
Last Close: 5691.15 (Up 136.90)
Resistance Levels: 5750, 5900, 6000, 6150, 6300
Support Levels: 5420, 5330, 5200, 5050, 4910
SENSEX:
Last Close: 18752.83 (Up 403.58)
Resistance Levels: 19000, 19500, 20000, 20500, 21000
Support Levels: 18000, 17700, 17100, 16600, 16300
Sensex Range This Week: 18000 - 19300 above which it will touch 20000 & Below Target 17500; Good Resistance closing above 19100.
Market Commentary:
Any rise will be a selling opportunity today. Nifty will face resistance at 5750 & support at 5630. We expect the market to show profit booking in next 24—48 hours so be cautious at rise & short sell with hedging with options to avoid losses.
Hot Sectors For Today: Banking & IT.
Btst/Stbt, Hot in street & Results today
BTST/ STBT in last trade (Fut.):
Canbk (Sell– 424.50; SL Hits At 430 Same Day)
Hot in Street:
Relcapital, Relinfra, Axisbank, Bhel, Bankindia, Idfc, Ster, Ifci, Kfa, Icicibank, Sbin, Tatasteel, Voltas etc.
Trading picks for today:
SCRIP NAME (CMP) | ENTRY LEVEL | TGT1 | TGT2—3 | SL | COMMENTS | ||
Hot Today | |||||||
SKUMARSYNF (18.65) | Must Buy 18.50—18 | 19 | 19.25—19.5 | 17.5 | Worst is over for the time being, go long now. | ||
LT (1585.25) | Sell At 1590—1620 | 1560 | 1545--1530 | 1640 | Profit booking can be seen from higher levels. | ||
Derivative- Future (Strategy for today) | |||||||
IDBI (98.90) | Buy At 98.5—96.5 | 101.5 | 102.5—104 | Bel 95 | Max Profits: Unlimited | Good stock to trade with hedging, tgt 105 | |
IDBI PE 95 (0.90) | Buy when you buy Fut. | Hedging Position | Max Loss: Rs. 3000 | ||||
GRASIM (3253.6) | Sell Around 3260-3320 | 3200 | 3170—3140 | Abv 3350 | Max Profits: Unlimited | One can sell & hold for good gain soon. | |
………… (……..) | Buy when you sell Fut. | Hedging Position | Max Loss: Rs. 3750 | ||||
Derivative- Option Strategy | |||||||
NIFTY PE 5700 (46.85) | Must Buy At 45—30 | Options Trading strategy with High Risk- High Gain. | Max Profits: Unlimited | One must trade & hold for 3—4 days for gain. | |||
NIFTY CE 5800 (19.00) | Sell 2 Lot with PE 5700 | ||||||
Max Loss: Rs. 5000 | |||||||
Investment Pick (Long Term) | |||||||
SUZLON (532667) (17.15) | Must Buy At 17—16 | 22 | 25—30+ | Worst is over, one should buy at every dip for Tgt 50+ |
Monthly trading picks:
Monthly trading picks for September (Rates as on 4th September) | |||||
SKUMARSYN (18.30) | Must Buy At 17.70—17 | 20 | 21—22+ | 16 | Booked 50%l profit at 20.25 on 18 Sep |
BANKINDIA (262.35) | Buy Around 258—250 | 285 | 295—305+ | 242 | Booked 75% profit at 307 on 21st Sep |
RCOM (50.15) | Grab Around 49—47 | 55 | 58—61+ | 45 | Booked 75% profit at 62.50 on 21st Sep |
HINDALCO (103.75) | Must Buy At 102—99 | 112 | 117—122+ | 95 | Booked 50% profit near 118.5 on 14 Sep |
Past performances
Last Trade (21st Sep 2012) Performance in all type of equity segment calls: Maximum Profit/Loss: Rs 92850.00 Approx.
Weekly Performance Report (17th – 21st September):
http://nse-bse.blogspot.in/2012/09/weekly-performance-report-equity-calls_21.html
Monthly Performance Equity Calls (Aug):
http://nse-bse.blogspot.in/2012/08/monthly-performance-report-all-types-of_31.html
Monthly Performance All Nifty Calls (Aug):
http://nse-bse.blogspot.in/2012/08/monthly-performance-report-nifty.html
Monthly Performance Commodity Calls (Aug):
http://nse-bse.blogspot.in/2012/08/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
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