Daily News Letter Dated 21st 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: 21 May 2013
Support & Resistance
NIFTY:
Last Close: 6156.90 (Down 30.40)
Resistance Levels: 6200, 6300, 6400, 6500, 6600
Support Levels: 6000, 5900, 5800, 5700, 5630
SENSEX:
Last Close: 20223.98 (Down 62.12)
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:
We may see a gap down opening or further downside to 6120, which will act as intra-day support. Traders should remain cautious for next two days as some bad news can be heard from world markets. Trade with tight stop loss.
Hot Sectors for Today: Telecom & Bank.
Btst/Stbt, Hot in street & Results today
BTST/ STBT in last trade (Fut.):
BhartiArtl (Buy – 311.50; Removed SL & Holding)
Frl (Buy – 148; SL hit at 146.90 same day)
Hot in Street:
Adanipower, Mcleodruss, Ashokley, Irb, Hdil, Ivrclinfra, Maruti, Relcapital, Bajaj-Auto, Dishtv, Hcltech, Albk, Infy, Coalindia etc.
Trading picks for today:
| SCRIP NAME (CMP) | ENTRY LEVEL | TGT1 | TGT2—3 | SL | COMMENTS | |
| Hot Today | ||||||
| TATASTEEL (315.30) | Must Buy At 313—309 | 319 | 322—325+ | 306 | Metal stock can show bounce after a dip today | |
| AXISBANK (1530.05) | Sell At 1535—1550 | 1505 | 1490—1475 | 1560 | Not much upside left, but trade with tight SL. | |
| Derivative- Future (Strategy for today) | ||||||
| TATAMOTORS (304.00) | Must Buy At 302—298 | 307 | 310—313+ | Bel 294 | Max Profits: Unlimited | Buy with hedge for upside to 310+ today. |
| TATAMOT PE300 (7.55) | Buy when you Buy Fut. | Hedging Position | Max Loss: Rs. 4000 | |||
| YESBANK (527.40) | Sell At 530—536 | 520 | 515—510 | Abv 541 | Max Profits: Unlimited | High risk high gain pick for short term. |
| YESBK CE 540 (6.05) | Buy when you Sell Fut. | Hedging Position | Max Loss: Rs. 5000 | |||
| Derivative- Option Strategy | ||||||
| BHARTI CE 310 (6.40) | Buy At 6—4.50 | Options Trading strategy with High Risk- High Gain. | Max Profits: Unlimited | Trade & hold in bulk 4 short term good gains. | ||
| BHARTI PE 290 (1.90) | Sell 2 Lot with CE 310 | Max Loss: Rs. 8000 | ||||
| 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 50% profit at 205 & hold long. |
Past performances
Last Trade (20th May 2013) Performance in all type of equity segment calls: Maximum Profit/Loss: Rs. 153100.00Approx.
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 Tuesday, May 21, 2013
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