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Daily News Letter

Date: 14 February 2013

Support & Resistance

NIFTY:

Last Close: 5932.95 (Up 10.45)

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

Support Levels: 5850, 5700, 5600, 5420, 5330, 5200

SENSEX:

Last Close: 19608.08 (Up 47.04)

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

Support Levels: 19300, 8650, 18300, 18000, 17700, 17300

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

Market Commentary:

Any dip is a buying opportunity now. Major results today will give further direction to the market. We do not see much harm as of now & a rally till budget. Traders are advised to remain long keeping Nifty stop loss at 5800 for upside to 6050—6100 before budget.

Hot Sectors For Today: Banking & IT.

Btst/Stbt, Hot in street & Results today

BTST/ STBT in last trade (Fut.):

Relinfra (Buy – 484; SL- 478; Tgt Later)

Hot in Street:

Hcltech, Petronet, Nmdc, Tcs, Bhartiartl, Ongc, Tatamotors, Techm, Hdfc, Idfc, Icicibank, Infy etc.

Trading picks for today:

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3	SL	COMMENTS
Hot Today
TATASTEEL (376.00)	Must Buy At 374—370	380	384—388	366	Buy at any dip 4 Technical bounce back today
BHEL (205.80)	Buy At 205—202	210	212.5—215	199	Low risk pick for short term trader, Tgt 220+
Derivative- Future (Strategy for today)
HCLTECH (709.70)	Must Sell At 710—718	696	689—682	Abv 725	Max Profits: Unlimited	IT stocks can show profit booking today.
HCLT CE 720(10.35)	Buy when you Sell Fut.	Hedging Position		Abv 725	Max Loss: Rs. 3500	IT stocks can show profit booking today.
SBIN (2256.60)	Buy At 2250—2220	2300	2325—2350	Bel 2190	Max Profits: Unlimited	Result today, trade with hedge for gain.
SBIN PE 2250 (60.05)	Buy when you Buy Fut.	Hedging Position		Bel 2190	Max Loss: Rs. 3750	Result today, trade with hedge for gain.
Derivative- Option Strategy
RELACP CE 420 (14.95)	Must Buy At 14—11	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	Trade in bulk & hold keeping spot SL 400.
RELCAP PE 400 (6.5)	Sell 2 Lot with CE 420				Max Profits: Unlimited
RELCAP PE 400 (6.5)	Sell 2 Lot with CE 420				Max Loss: Unlimited
Investment Pick (Long Term)
Opto Circuit (532391)(68.4)	Must Buy At 65—60	90	110—125+	Buy in bulk for short to medium term good gain soon

Monthly trading picks:

Monthly trading picks for February 2013
RENUKA (29.25)	Must Buy C/Fut. 28—26.50	31	32.50—34+	Below 25	Booked partial profit at 30.25 on 7^th Feb.
DLF-Fut. (277.45)	Sell Fut. At 280—290	255	242—230	Above 300	Booked partial profit at 256 on 13^th Feb
………. (1507.65)	Must Sell Fut. 1520—1550	1400	1340—1280	Above 1600	Any rise a good selling opportunity.
ONGC (341.70)	Must Sell C/Fut. 347—360	320	305—290	Above 370	Booked 50% profit at 310 on 11^th Feb.