Daily News Letter Dated 20th May 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: 20 May 2013
Support & Resistance
NIFTY:
Last Close: 6187.30 (Up 17.40)
Resistance Levels: 6200, 6300, 6400, 6500, 6600
Support Levels: 6000, 5900, 5800, 5700, 5630
SENSEX:
Last Close: 20286.12 (Up 38.79)
Resistance Levels: 20350, 20700, 21000, 21350, 21700
Support Levels: 19700, 19350, 19000, 18650, 18150
Sensex Range This Week: 19700 - 20500 above which it will touch 21000 & Below Target 19300; Good Support closing below 19700.
Market Commentary:
Nifty may show gap up opening but we can see some profit booking today. Nifty will find a hurdle at 6230 & support at 6120 for intra-day. Traders should book 50% profits now and rest remain long with tight hedge of options to be safe.
Hot Sectors for Today: Infra & Pharma.
Btst/Stbt, Hot in street & Results today
BTST/ STBT in last trade (Fut.):
Relcapital (Buy – 373; SL Hits 370 Same Day)
Tatasteel (Buy – 310; Book 50% At 313 Same Day)
Sbin (Buy – 2365; Book 50% At 2385 Same Day)
Hot in Street:
Bhel, Relinfra, Pnb, Icicibank, LT, Ntpc, Bankbaroda, Acc, Bajajauto, Cipla, Ongc, Grasim, Axisbank etc.
Trading picks for today:
| SCRIP NAME (CMP) | ENTRY LEVEL | TGT1 | TGT2—3 | SL | COMMENTS | |
| Hot Today | ||||||
| SUNPHARMA (966.15) | Must Sell At 970—980 | 950 | 940—930 | 990 | All chart show overbought condition, soon 880 | |
| TECHM (927.85) | Buy At 920—910 | 942 | 952—962 | 900 | Keep an eye, result can be better, trade with sl | |
| Derivative- Future (Strategy for today) | ||||||
| YESBANK (536.30) | Must Sell At 540—547 | 530 | 525-520 | Abv 555 | Max Profits: Unlimited | Not much upside expected, sell on rise. |
| YESBK CE 550 (7.80) | Buy when you sell Fut. | Hedging Position | Max Loss: Rs. 4000 | |||
| FRL (149.20) | Buy At 148—146 | 152 | 154—156 | Bel 144 | Max Profits: Unlimited | Good pick for short term trader, Tgt 160. |
| FRL PE 140 (2.10) | Buy when you buy Fut. | Hedging Position | Max Loss: Rs. 4000 | |||
| Derivative- Option Strategy | ||||||
| NIFTY PE 6200 (72.70) | Buy At 65—50 | Options Trading strategy with High Risk- High Gain. | Max Profits: Unlimited | Trade & hold in bulk 4 short term good gains. | ||
| NIFTY CE 6400 (10.95) | Sell 2 Lot with PE 6200 | Max Loss: Rs. 5000 | ||||
| Investment Pick (Long Term) | ||||||
| GTLINFRA (532775) (2.48) | Must Buy At 2.4—2 | 5 | 7—10+ | Buy in bulk for long term good upside & decent gain. | ||
Monthly trading picks:
| Monthly trading picks for May 2013 | |||||
| TATASTEEL (302.85) | Must Buy C/Fut. 300—290 | 325 | 340—355+ | Below 280 | Book partial profit at 325 & hold long. |
| ……… (110.0)(Revised) | Sell At 115—120 | 90 | 85—80 | Above 125 | Sell at rise only & buy option as hedge. |
| ……………….. (955.70) | Must Sell Fut. 970—1000 | 870 | 830—800 | Above 1020 | Sell on any rise with hedge of call option. |
| BHEL (192.50) | Must Buy At 190—184 | 210 | 220—230+ | Below 178 | Book partial profit at 198 & hold long. |
Past performances
Last Trade (17h May 2013) Performance in all type of equity segment calls: Maximum Profit/Loss: Rs. 38950.00Approx.
Weekly Performance Report (13th – 17th May 2013):
http://nse-bse.blogspot.in/2013/05/weekly-performance-report-equity-calls_17.html
Monthly Performance Equity Calls (April):
http://nse-bse.blogspot.in/2013/04/monthly-performance-report-all-types-of.html
Monthly Performance Nifty/ Bank Nifty Calls (April):
http://nse-bse.blogspot.in/2013/04/monthly-performance-report-nifty.html
Monthly Performance Commodity Calls (April):
http://nse-bse.blogspot.in/2013/04/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 equity market: http://nse-bse.blogspot.in
Performance of our calls in commodity market: http://mcx-ncdex.blogspot.in
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Disclaimer
Kindly read carefully before trading with us:
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 Monday, May 20, 2013
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