Daily News Letter Dated 23rd January 2013-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: 23 January 2013

 

Support & Resistance

NIFTY:

Last Close: 6048.50 (Down 33.80)

Resistance Levels:  6080, 6130, 6200, 6350, 6500

Support Levels: 5950, 5850, 5700, 5600, 5420, 5330

SENSEX:

Last Close: 19981.57 (Down 120.25)

Resistance Levels:  20100, 20300, 20500,  21000, 21500

Support Levels: 19650, 19300, 8650, 18300, 18000, 17700

Sensex Range This Week: 19500 - 20300 above which it will touch 21000 & Below Target 19100; Good Support closing below 19500.

 

Market Commentary:

One day up and another day down is the trend for time being. We again see profit booking from higher levels today.Traders should remain sell on rise around 6110—6130 levels with SL 6150 for dips towards 6080—6050 levels.

Hot Sectors Today: Cement & IT.

 

Btst/Stbt, Hot in street & Results today

BTST/ STBT in last trade (Fut.):

Raymond (Buy – 407; Book Partial At 409.35 Same Day)

Hot in Street:

Pantaloonr, Asianpaints, Acc, Sunpharma, Ntpc, Zeel, Irb, Bajajauto, Ktkbank, Axisbank etc.

 

Trading picks for today:

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3	SL	COMMENTS
Hot Today
GRASIM (3021.75)	Buy At  3020—2990	3080	3110—3140	2960	Good pick for traders, buy at any dip for gain.
AXISBANK (1393.40)	Must Sell At 1395-1410	1370	1358--1345	1425	Not much upside left, sell and hold for 1350
Derivative- Future (Strategy for today)
PANTALOONR (265.00)	Must Sell At 267—270	262	260—258	Abv 272	Max Profits: Unlimited	Stock is overbought on charts, sell now.
PANTA CE 270 (4.4)	Buy when you Sell Fut.	Hedging Position			Max Loss: Rs. 4000
DLF  (253.75)	Sell At 255—258	250	247.5—245	Abv 262	Max Profits: Unlimited	Profit booking can be seen , sell at rise.
DLF CE 260 (3.25)	Buy when you Sell Fut.	Hedging Position			Max Loss: Rs. 4000
Derivative- Option Strategy
ONGC PE 340  (9.10)	Must Buy At 8—5	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	One must trade & hold for 4—7 days for gain
ONGC CE 360 (1.70)	Sell 2 Lot with PE 340
					Max Loss: Unlimited
Investment Pick (Long Term)
JSWISPAT (500305) (11.15)	Must Buy At 11—9	18	22—25+	One of the best pick for delivery, buy in bulk volume.

 

Monthly trading picks:

Monthly trading picks for January 2013
HEXAWARE (85.10)	Must Buy C/Fut. 85—81	94	99—105+	Below 77	Booked 50% profit at 94 on 15th Jan.
LICHSGFIN (294.60)	Sell  Fut. At 298—310	275	265—255	Above 320	Booked partial profit at 280 on 10th Jan.
……………… (314.0)	Must Sell Fut. 317—330	290	280—270	Above 340	One should sell on any rise for good gain
GMRINFRA  (19.35)	Must Buy C/Fut. 19—18	21	22—23+	17	Booked partial profits at 21 on 8th Jan.

 

Past performances

Last Trade (22^nd Jan 2013) Performance in all type of equity segment calls: Maximum Profit/Loss: Rs. 90900.00Approx.

Weekly Performance Report (14^th – 18^th January 2013):

http://nse-bse.blogspot.in/2013/01/weekly-performance-report-equity-calls_18.html

Monthly Performance Equity Calls (December):

http://nse-bse.blogspot.in/2012/12/monthly-performance-report-all-types-of.html

Monthly Performance All Nifty Calls (December):

http://nse-bse.blogspot.in/2012/12/monthly-performance-report-nifty.html

Monthly Performance Commodity Calls (December):

http://nse-bse.blogspot.in/2012/12/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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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