Daily News Letter Dated 22nd October 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 October 2012
Support & Resistance
NIFTY:
Last Close: 5684.25 (Down 34.45)
Resistance Levels: 5750, 5900, 6000, 6150, 6300
Support Levels: 5420, 5330, 5200, 5050, 4910
SENSEX:
Last Close: 18682.31 (Down 109.62)
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:
Nifty may open gap down toward 5600 but a mid-session bounce can be seen. Traders can enjoy the volatility in this festive week, as both side movement can be seen. Nifty has good resistance around 5750 for time being & support at 5600.
Hot Sectors For Today: IT & Cements.
Btst/Stbt, Hot in street & Results today
BTST/ STBT in last trade (Fut.):
Ongc (Buy – 275.15; Book 50% At 279.50 Same Day)
Hot in Street:
Godrejind, Arvind, Itc, Hcltech, Tatacomm, Suntv, Infy, Ioc, Pantaloonr, Petronet, Bhartiartl, Lupin, Idea etc.
Trading picks for today:
| SCRIP NAME (CMP) | ENTRY LEVEL | TGT1 | TGT2—3 | SL | COMMENTS | ||
| Hot Today | |||||||
| WIPRO (344.55) | Must Buy 344—338 | 350 | 353.50—357 | 334 | All IT stocks can show a good bounce today. | ||
| SUZLON (15.65) | Buy At 15.50—15 | 16 | 16.2—16.4 | 14.6 | Any dip a good opportunity to go long Tgt 20+ | ||
| Derivative- Future (Strategy for today) | |||||||
| INFY (2384.05) | Buy Around 2380-2330 | 2430 | 2455--2480 | Bel 2300 | Max Profits: Unlimited | Time to accumulate for short covering. | |
| INFY PE 2350 (13.6) | Buy when you buy Fut. | Hedging Position | Max Loss: Rs. 3750 | ||||
| ICICIBANK (1059.95) | Sell Around 1060--1080 | 1040 | 1030—1020 | Abv 1090 | Max Profits: Unlimited | Banking stock will show downside today | |
| ICICI CE 1050 (19.95) | Buy when you sell Fut. | Hedging Position | Max Loss: Rs. 2500 | ||||
| Derivative- Option Strategy | |||||||
| RCOM CE 60 (1.25) | Must Buy At 1.1—0.70 | Options Trading strategy with High Risk- High Gain. | Max Profits: Unlimited | One must trade & hold for 2—5 days for gain. | |||
| RCOM PE 55 (0.20) | Sel1 2 Lot with CE 60 | ||||||
| Max Loss: Rs. 5000 | |||||||
| Investment Pick (Long Term) | |||||||
| NETWORK-18 (532798) (37) | Must Buy At 35—31 | 50 | 60—75+ | Volume based buying seen, good for long term invest. | |||
Monthly trading picks:
| Monthly trading picks for October (Rates as on 28th September) | |||||
| GRASIM Fut. (3342.2) | Must Sell At 3370—3450 | 3050 | 2900—2750 | 3500 | Booked 50% at 2850 on 5th October. |
| IDFC Fut. (155.35) | Sell Around 158—163 | 142 | 137—132 | 167 | Booked 50% at 135 on 5th October. |
| MCDOWELL (1238.0) | Sell Around 1260—1300 | 1130 | 1090—1050 | 1330 | Booked partial at 1180 on 8th October. |
| OPTOCIRCUI (130.7) | Must Buy At 130—125 | 142 | 147—152 | 122 | Booked partial at 141.50 on 8th October. |
Past performances
Last Trade (19th Oct 2012) Performance in all type of equity segment calls: Maximum Profit/Loss: Rs 120025.00 Approx.
Weekly Performance Report (8th – 12th October):
http://nse-bse.blogspot.in/2012/10/weekly-performance-report-equity-calls_12.html
Monthly Performance Equity Calls (Sept):
http://nse-bse.blogspot.in/2012/09/monthly-performance-report-all-types-of.html
Monthly Performance All Nifty Calls (Sept):
http://nse-bse.blogspot.in/2012/09/monthly-performance-report-nifty.html
Monthly Performance Commodity Calls (Sept):
http://nse-bse.blogspot.in/2012/09/monthly-performance-report-commodity.html
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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
posted by NSE_BSE at Monday, October 22, 2012
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