Daily News Letter Dated 22nd 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: 22 March 2013

 

Support & Resistance

NIFTY:

Last Close: 5658.75 (Down 35.65)

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

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

SENSEX:

Last Close: 18792.87 (Down 91.32)

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:

Further downside can be seen but today we can see a halt in slide as next week we have lesser days of expiry and rollover. High risk traders try to do bottom fishing today around 5630—5600 keeping stop loss at 5550 closing basis for bounce to 5850+ till expiry next week.

Hot Sectors For Today: Infra & Pharma.

 

Btst/Stbt, Hot in street & Results today

BTST/ STBT in last trade (Fut.):

Sbin (Buy – 2085; SL- 2050; Booked same day at 2110)

Bhel (April) (Buy – 180; SL- 178; Tgt Later)

Hot in Street:

Bhartiartl, Icicibank, Hdfcbank, Welcorp, Wipro, Hdfc, Igl, Titan, Axisbank, Biocon, Uniphos, Coalindia etc.

 

Trading picks for today:

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3	SL	COMMENTS
Hot Today
IVRCLINFRA (18.55)	Buy  At  18—17.50	19.50	20—20.50	17	High risk traders can accumulate for bounce.
HCLTECH (773.10)	Sell At 775—785	765	758—750	795	IT stocks can show profit booking after rise.
Derivative- Future (Strategy for today)
RPOWER  (62.75)	Must Buy At 62-61	64	65—66	Bel 60	Max Profits: Unlimited	Trade with hedge for good gain till expiry.
RPOWER PE 60 (1.10)	Buy when you buy Fut.	Hedging Position			Max Loss: Rs. 4000
ICICIBANK (1035.50)	Sell At 1040—1050	1020	1010—1000	Abv 1060	Max Profits: Unlimited	Sell only with hedge of option for gain.
ICICI CE 1050 (16.60)	Buy when you sell Fut.	Hedging Position			Max Loss: Rs. 2500
Derivative- Option Strategy
BHARTI PE 300 (8.20)	Must Buy At 8—6	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	Trade in bulk & hold keeping spot SL 312.
BHARTI CE 320 (1.30)	Sell 2 Lot with PE 300
					Max Loss: Rs. 10000
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 (21st Mar 2013) Performance in all type of equity segment calls: Maximum Profit/Loss: Rs. 45800.00 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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How to trade with our calls: http://ibnguide.blogspot.in

 

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