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Daily News Letter

Date: 30 January 2013

Support & Resistance

NIFTY:

Last Close: 6049.90 (Down 24.90)

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

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

SENSEX:

Last Close: 19990.90 (Down 112.45)

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:

Market may open soft & Nifty can show 6030—6010 but a bounce back can be seen. Traders can buy at dips keeping stop loss at 5980 for bounce back. Keep options as hedge else there will be a trap & huge loss as news based movement can occur. Enjoy the volatility for two days.

Hot Sectors Today: Cap Good & Bank.

Btst/Stbt, Hot in street & Results today

BTST/ STBT in last trade (Fut.):

Dlf (Sell – 265; Book Partial At 263 Same Day)

Hot in Street:

Axisbank, Jpassociat, Coalindia, Itc, Icicibank, Tatapower, Siemens, Jindalsteel, Lupin etc.

Trading picks for today:

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3	SL	COMMENTS
Hot Today
BHEL (223.30)	Buy At 222—218	227	229.50—232	215	Stock can short covering due to F&O rollover.
ICICIBANK (1201.20)	Must Sell At 1205-1220	1180	1170--1160	1235	No surprise expected, sell on any rise today.
Derivative- Future (Strategy for today)
AXISBANK(1473.40)	Must Sell At 1480-1495	1450	1435—1420	Abv 1510	Max Profits: Unlimited	Time to sell & hold for downside to 1400.
AXIS CE 1500 (6.30)	Buy when you Sell Fut.	Hedging Position		Abv 1510	Max Loss: Rs. 3750	Time to sell & hold for downside to 1400.
INFY (2800.35)	Sell At 2805—2835	2760	2730—2700	Abv 2860	Max Profits: Unlimited	Trade with hedge for good gain till expiry.
INFY CE 2800 (16.80)	Buy when you Sell Fut.	Hedging Position		Abv 2860	Max Loss: Rs. 3125	Trade with hedge for good gain till expiry.
Derivative- Option Strategy
DLF PE 260 (2.65)	Must Buy At 2.5—1.50	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	One must trade & hold for 1—2 days for gain
DLF CE 280 (0.35)	Sell 2 Lot with PE 260				Max Profits: Unlimited
DLF CE 280 (0.35)	Sell 2 Lot with PE 260				Max Loss: Rs. 3000
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 15^th Jan.
LICHSGFIN (294.60)	Sell Fut. At 298—310	275	265—255	Above 320	Booked partial profit at 280 on 10^th Jan.
TATAMOTORS (314.0)	Must Sell Fut. 317—330	290	280—270	Above 340	Booked partial profit at 285 on 24^th Jan.
GMRINFRA (19.35)	Must Buy C/Fut. 19—18	21	22—23+	17	Booked partial profits at 21 on 8^th Jan.