Daily News Letter Dated 23rd April 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: 23 April 2013
Support & Resistance
NIFTY:
Last Close: 5834.40 (Up 51.30 )
Resistance Levels: 5850, 5950, 6080, 6130, 6200
Support Levels: 5630, 5500, 5450, 5300, 5150
SENSEX:
Last Close: 19169.83 (Up 153.37)
Resistance Levels: 19300, 19650, 20150, 20300, 20500
Support Levels: 18650, 18150, 18000, 17500, 17000
Sensex Range This Week: 18500 - 19300 above which it will touch 20000 & Below Target 18000; Good Resistance closing above 19300.
Market Commentary:
Market do not seem to stop & heading toward 5900 mark which is possible in next 1—2 days. Many stocks can show huge short covering & we can see fireworks. If Nifty manages to stay above 6000 this time then we can see 6400—6500 very soon, avoid aggressive buying.
Hot Sectors for Today: Textile & Pharma.
Btst/Stbt, Hot in street & Results today
BTST/ STBT in last trade (Fut.):
Lichsgfin (Buy – 235; SL- 232.50: Tgt later)
Hot in Street:
Rcom, Hdil, Unitech, Titan, Relinfra, Orientalbank, Relcapital, Rpower, Canbk, Suntv, Auropharma, Hdfcbank etc.
Trading picks for today:
| SCRIP NAME (CMP) | ENTRY LEVEL | TGT1 | TGT2—3 | SL | COMMENTS | |
| Hot Today | ||||||
| FRL (148.60) | Must Buy At 148—146 | 152 | 154—156 | 144 | Good pick for short covering & upside to 160+ | |
| IRB (118.45) | Buy At 118—116 | 121 | 123—125 | 114 | Keep an eye for upside to 125—130, Keep SL. | |
| Derivative- Future (Strategy for today) | ||||||
| WIPRO (340.10) | Must Buy At 340—336 | 348 | 352—356 | Bel 330 | Max Profits: Unlimited | Dead cat bounce can be seen, keep hedge. |
| WIPRO PE 330 (5.05) | Buy when you buy Fut. | Hedging Position | Max Loss: Rs. 3000 | |||
| NMDC (128.40) | Buy At 128—126.5 | 131 | 132.5—134 | Bel 125 | Max Profits: Unlimited | Go long for upside to 140 & above soon. |
| NMDC PE 127.50 (1.05) | Buy when you buy Fut. | Hedging Position | Max Loss: Rs. 3000 | |||
| Derivative- Option Strategy | ||||||
| RCOM PE 95 (1.70) | Buy At 1.20—1 | Options Trading strategy with High Risk- High Gain. | Max Profits: Unlimited | Trade & hold in bulk for 2—3 days for gain. | ||
| RCOM CE 110 (0.70) | Sell 2 Lot with PE 95 | Max Loss: Unlimited | ||||
| Investment Pick (Long Term) | ||||||
| BAJAJHIND(500032) (19.8) | Must Buy At 19.5—17 | 40 | 50—70+ | Worst is over for sugar stock for medium to long term | ||
Monthly trading picks:
| Monthly trading picks for April 2013 | |||||
| RELINFRA (324.45) | Must Buy C/Fut. 320--310 | 350 | 365—380+ | Below 300 | Book 75% profit at 385 on 22nd April. |
| LICHSGFIN (224.90) | Buy At 220—210 | 245 | 259—275+ | Below 200 | Book partial profit at 235 on 22nd April. |
| HCLTECH (803.00) | Must Sell Fut. 810--830 | 730 | 700—670 | Above 850 | Book partial 50% at 720 on 22nd April. |
| …………..(312.85) | Must Buy C/Fut. 310—300 | 340 | 355—370+ | Below 290 | Metal stocks can show good bounce soon |
Past performances
Last Trade (22nd Apr 2013) Performance in all type of equity segment calls: Maximum Profit/Loss: Rs. 39550.00Approx.
Weekly Performance Report (15th – 18th April 2013):
http://nse-bse.blogspot.in/2013/04/weekly-performance-report-equity-calls_18.html
Monthly Performance Equity Calls (March):
http://nse-bse.blogspot.in/2013/03/monthly-performance-report-all-types-of.html
Monthly Performance Nifty/ Bank Nifty Calls (March):
hthttp://nse-bse.blogspot.in/2013/03/monthly-performance-report-nifty.html
Monthly Performance Commodity Calls (March):
http://nse-bse.blogspot.in/2013/03/monthly-performance-report-commodity.html
New Trading strategy for Higher gains: w.e.f 1st April 2013
http://nse-bse.blogspot.in/2013/03/more-profits-with-our-regular-calls-and.html
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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
posted by NSE_BSE at Tuesday, April 23, 2013
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