Daily News Letter Dated 24th 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: 24 January 2013

 

Support & Resistance

NIFTY:

Last Close: 6054.30 (Up 5.80)

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

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

SENSEX:

Last Close: 20026.61 (Up 45.04)

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:

Intraday traders can sell today at any rise for downside Tgt 6050—6020 levels. The mkt is trade in narrow range till budget and no major spike in either side. Nifty has next crucial resistance at 6200 & support 5800.

Hot Sectors Today: Power & IT.

 

Btst/Stbt, Hot in street & Results today

BTST/ STBT in last trade (Fut.):

Bankindia (Buy – 360; SL Hits At 357.50 Same Day)

Hindpetro (Sell – 353; Book Partial At 348 Same Day)

Hot in Street:

Zeel, Suntv, Itc, Icicibank, Tatapower, Icicibank, Mcdowell, Bhartiartl, Idea, Axisbank, Yesbank etc.

 

Trading picks for today:

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3	SL	COMMENTS
Hot Today
RANBAXY(468.20)	Buy At  465—460	475	480—485	455	Good pick for traders, buy at any dip for gain.
YESBANK (514.45)	Must Sell At 515-520	505	500--495	525	Not much upside left, sell and hold for 490
Derivative- Future (Strategy for today)
INFY (2799.00)	Must Sell At 2800-2830	2750	2725—2700	Abv 2860	Max Profits: Unlimited	Stock is overbought on charts, sell now.
INFY CE 2800 (31.30)	Buy when you Sell Fut.	Hedging Position			Max Loss: Rs. 3750
SBIN (2487.4)	Sell At 2490—2520	2440	2415—2390	Abv 2550	Max Profits: Unlimited	Profit booking can be seen , sell at rise.
SBIN CE 2500 (34.70)	Buy when you Sell Fut.	Hedging Position			Max Loss: Rs. 3750
Derivative- Option Strategy
BHARTI PE 360  (4.80)	Must Buy At 4—2	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	One must trade & hold for 4—7 days for gain
BHARTI CE 400 (0.90)	Sell 2 Lot with PE 360
					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.
TATAMOTORS (314.0)	Must Sell Fut. 317—330	290	280—270	Above 340	Booked partial profit at 285 on 24th Jan.
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 (23^rd Jan 2013) Performance in all type of equity segment calls: Maximum Profit/Loss: Rs. 72400.00Approx.

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