Daily News Letter Dated 21st March 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: 21 March 2013

 

Support & Resistance

NIFTY:

Last Close: 5694.40 (Down 51.55)

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

Support Levels: 5670, 5600, 5420, 5330, 5200, 5050

SENSEX:

Last Close: 18884.19 (Down 123.91)

Resistance Levels:  20150, 20300, 20500,  21000, 21500

Support Levels: 18750, 18400, 17800, 17500, 17000

Sensex Range This Week: 18500 - 20000 above which it will touch 20500 & Below Target 18000; Good Support closing below 18500.

 

Market Commentary:

Nifty has next support at 5650 today but as per selling pressure Nifty can slide to 5550—5500 if above support broken. This will be a big day for our govt & any bad news can show sharp slide. Take a risk to buy at dip keeping strict stop loss of 5650 for bounce with positive news.

Hot Sectors For Today: Banking & IT.

 

Btst/Stbt, Hot in street & Results today

BTST/ STBT in last trade (Fut.):

Relinfra (Buy – 363; SL- No SL; Tgt Later)

Hot in Street:

Cipla, Suntv, Tatamotors, Itc, Titan, Lupin, Grasim, Hindzinc, Bajajauto, Tatapower, Ranbaxy, Coalindia etc.

 

Trading picks for today:

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3	SL	COMMENTS
Hot Today
BANKINDIA (299.00)	Buy  At  298—295	303	306—309	292	Trade with tight SL for possible bounce back.
ONGC (300.80)	Buy At 300—297	306	309—312	294	Oil-Gas stocks can show news based bounce.
Derivative- Future (Strategy for today)
SBIN  (2124.20)	Must Buy At 2120-2100	2160	2180—2200	Bel 2080	Max Profits: Unlimited	Trade with option as hedge for good gain.
SBIN PE 2100 (30.45)	Buy when you buy Fut.	Hedging Position			Max Loss: Rs. 2500
RELCAPITAL (333.55)	Buy At 330—326	340	344—348	Bel 323	Max Profits: Unlimited	High risk high gain scrip for day traders.
RELCAP PE 320 (6.90)	Buy when you buy Fut.	Hedging Position			Max Loss: Rs. 3000
Derivative- Option Strategy
NIFTY CE 5700 (63.35)	Must Buy At 50—35	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	Trade in bulk & hold keeping spot SL 5650.
NIFTY PE 5600 (19.70)	Sell 2 Lot with CE 5700
					Max Loss: Rs. 5000
Investment Pick (Long Term)
Skumarsynf (514304 ) (9.0)	Must Buy At 9—8	20	30—40+	Buy in bulk for medium to long term good gains.

 

Monthly trading picks:

Monthly trading picks for March 2013
RANBAXY (379.65)	Must Buy C/Fut. 375--360	410	425—440+	Below 350	Book 75% profit at 444 on 15th March.
DLF-Fut. (278.20)	Sell  Fut. A 285—300	250	240—230	Above 310	Book partial profit at 250 on 4th March.
…………. (808.15)	Must Sell Fut. 820—850	740	710—680	Above 870	Our chart show profit booking very soon
………….. (71.90)	Must Buy C/Fut. 69—65	80	84—88+	Below 62	Not much harm expected, Go long at dip

 

Past performances

Last Trade (20^th Mar 2013) Performance in all type of equity segment calls: Maximum Profit/Loss: Rs. 34300.00 Approx.

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

http://nse-bse.blogspot.in/2013/03/weekly-performance-report-equity-calls_15.html

Monthly Performance Equity Calls (February):

http://nse-bse.blogspot.in/2013/02/monthly-performance-report-all-types-of.html

Monthly Performance All Nifty Calls (February):

http://nse-bse.blogspot.in/2013/02/monthly-performance-report-nifty.html

Monthly Performance Commodity Calls (February):

http://nse-bse.blogspot.in/2013/02/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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Disclaimer

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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