Daily News Letter Dated 22nd February 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: 22 February 2013

 

Support & Resistance

NIFTY:

Last Close: 5852.25 (Down 90.80)

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

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

SENSEX:

Last Close: 19325.36 (Down 317.39)

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

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

Sensex Range This Week: 19100 - 20000 above which it will touch 20300 & Below Target 18500; Good Support closing below 19100.

 

Market Commentary:

Last session gave a good jerk downside which can halt today around 5820—5800. Buy at day’s dip for bounce till budget. The falling market shows unexpected things and a bottom before budget so we can move upward with the good news. Our short term stop loss for sell side is 6150 & for long side is 5800.

Hot Sectors For Today: Telecom & IT.

 

Btst/Stbt, Hot in street & Results today

BTST/ STBT in last trade (Fut.):

Sbin (Hold – 2210; SL- No SL; Tgt Later)

Hot in Street:

Jppower, Ifci, Hexaware, Irb, Cipla, Sunpharma, Cairn, Tcs, Indiacem, Tatapower, Infy, Hdfc etc.

 

Trading picks for today:

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3	SL	COMMENTS
Hot Today
BHARTIARTL (296.20)	Must Buy At  295-292	302	305—308	288	Stock is at 200 DMA, go long with strict SL.
RANBAXY  (413.50)	Buy At 412—407	420	424—428	402	Just go long at any dip for upside to 480 soon.
Derivative- Future (Strategy for today)
RELINFRA (473.40)	Must Buy At 472—467	480	484—488	Bel 460	Max Profits: Unlimited	Buy at dips only for good bounce back.
RELIN PE 460 (6.40)	Buy when you buy Fut.	Hedging Position			Max Loss: Rs. 3500
TATASTEEL (365.20)	Buy At 364—360	370	373—376	Bel 356	Max Profits: Unlimited	Short covering can be seen, keep hedge.
TATASTL PE 360 (5.15)	Buy when you Buy Fut.	Hedging Position			Max Loss: Rs. 4000
Derivative- Option Strategy
NIFTY CE 5900 (35.35)	Must Buy At 30—20	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	Trade in bulk & hold keeping spot SL 5800.
NIFTY PE 5700 (11.00)	Sell 2 Lot with CE 5900
					Max Loss: Rs. 3000
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 7th Feb.
DLF-Fut. (277.45)	Sell  Fut. At 280—290	255	242—230	Above 300	Booked 50% profit at 245 on 15th Feb
AXISBANK (1507.65)	Must Sell Fut. 1520—1550	1400	1340—1280	Above 1600	Booked 50% profit at 1400 on 21st Feb.
ONGC  (341.70)	Must Sell C/Fut. 347—360	320	305—290	Above 370	Booked 50% profit at 310 on 11th Feb.

 

Past performances

Last Trade (21^st Feb 2013) Performance in all type of equity segment calls: Maximum Profit/Loss: Rs. 32550.00 Approx.

Weekly Performance Report (11^th – 15^th February 2013):

http://nse-bse.blogspot.in/2013/02/weekly-performance-report-equity-calls_15.html

Monthly Performance Equity Calls (January):

http://nse-bse.blogspot.in/2013/01/monthly-performance-report-all-types-of.html

Monthly Performance All Nifty Calls (January):

http://nse-bse.blogspot.in/2013/01/monthly-performance-report-nifty.html

Monthly Performance Commodity Calls (January):

http://nse-bse.blogspot.in/2013/01/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