Daily News Letter Dated 24th December 2012-Gain from us. Visit: http://www.ibnservices.in/ OR http://ibnservices.blogspot.in OR http://nse-bse.blogspot.in OR http://mcx-ncdex.blogspot.in

Daily News Letter

Date: 24 December 2012

 

Support & Resistance

NIFTY:

Last Close: 5847.70 (Down 68.70)

Resistance Levels:  6000, 6130, 6200, 6350, 6500

Support Levels: 5700, 5600, 5420, 5330, 5200, 5050

SENSEX:

Last Close:  19242.00 (Down 211.92)

Resistance Levels:  19800, 20300, 20500,  21000, 21500

Support Levels: 18650, 18300, 18000, 17700, 17100, 16600

Sensex Range This Week: 18800 - 19800 above which it will touch 20300 & Below Target 18300; Good Support closing below 18000.

 

Market Commentary:

A gap down opening can be seen & Nifty will find support at 5800 below which panic toward 5730 can be seen. Next 2 days are looking bearish for the market and it will bottom out around expiry this week. We still remain bearish in new yr.

Hot Sectors For Today: IT& Banking.

 

Btst/Stbt, Hot in street & Results today

BTST/ STBT in last trade (Fut.):

LT (Buy – 1599; SL Hits  At 1589 Same Day )

Ongc (Buy – 256; SL- No SL; Tgt  Later )

 Hot in Street:

Havells, Pantaloonr, Hindzinc, Itc, Tcs, Bankindia, Irb, Zeel, Hdfc, Grasim, Ioc, Infy, Ongc etc.

 

Trading picks for today:

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3		SL	COMMENTS
Hot Today
STER  (116.95)	Buy At  116.50—115	119	120.50—122		113.5	Stock can show a bounce after gap down today
INFY  (2296.85)	Must  Buy At 2290-2265	2340	2360—2380		2240	IT stock are showing strength in weak market
Derivative- Future (Strategy for today)
BHEL (227.90)	Must Buy At  227—224	232	234.5—237		Bel 220	Max Profits: Unlimited	Trade with hedge or tight SL for gain.
BHEL PE 220 (0.7)	Buy when you Buy Fut.	Hedging Position				Max Loss: Rs. 4000
AXISBANK (1323.40)	Sell At 1325—1340	1300	1288—1275		Abv 1355	Max Profits: Unlimited	All banking stocks are looking weak.
AXISBK CE 1350 (5.85)	Buy when you Sell Fut.	Hedging Position				Max Loss: Rs. 3750
Derivative- Option Strategy
NIFTY CE 5800 (69.30)	Must Buy At 50—35	Options Trading strategy with High Risk- High Gain.				Max Profits: Unlimited	One must trade & hold for 4—7 days for gain.
NIFTY CE 5900 (19.30)	Sell 2 Lot with CE 5800
						Max Loss: Rs. 8000
Investment Pick (Long Term)
BAJAJHIND (500032) (26.0)	Must Buy At 25—22	35		42—50+	Time to buy all sugar stocks for next 1—2 years.

 

Monthly trading picks:

Monthly trading picks for December
BHARTIARTL (334.0)	Must Sell Fut. 340—350	310	295—280	Above 360	Booked partial 50% at 300 on 18 Dec.
MCDOWELL (2006.55)	Sell  Fut. At 2040—2100	1900	1850—1800	2150	Booked partial profit at 1880 on 13 Dec.
…………….. (713.00)	Must Buy At 710—690	780	800—825+	675	Low risk scrip for short to medium term
…………….  (108.3)	Must Buy At 105—100	117	123—130+	97	Wkly chart shows a buying opportunity.

 

Past performances

Last Trade (21^st Dec 2012) Performance in all type of equity segment calls: Maximum Profit/Loss: Rs 61190.00 Approx.

 Weekly Performance Report (17^th – 21^st December):

http://nse-bse.blogspot.in/2012/12/weekly-performance-report-equity-calls_21.html

Monthly Performance Equity Calls (November):

http://nse-bse.blogspot.in/2012/11/monthly-performance-report-all-types-of.html

Monthly Performance All Nifty Calls (November):

http://nse-bse.blogspot.in/2012/11/monthly-performance-report-nifty.html

Monthly Performance Commodity Calls (November):

http://nse-bse.blogspot.in/2012/11/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.ibnservices.in/ Call: (91) 9899909899