Daily News Letter Dated 22nd 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: 22 May 2013

 

Support & Resistance

NIFTY:

Last Close: 6114.10 (Down 42.80)

Resistance Levels: 6200, 6300, 6400, 6500, 6600

Support Levels: 6000, 5900, 5800, 5700, 5630

SENSEX:

Last Close: 20111.61 (Down 112.37)

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 can show further downside to 6080-6050 today & can show a bounce from there. Traders can buy selective stocks keeping tight stop loss in Nifty at 5980 for a possible bounce to 6150—6200+. The trend remains up for short term upside to 6400+ but Nifty should stay above 6200.

Hot Sectors for Today: Power & IT.

 

Btst/Stbt, Hot in street & Results today

BTST/ STBT in last trade (Fut.):

Ntpc (Buy – 153; SL- 151.50; Tgt Later)

Hot in Street:

Adanipower, Jublfood, Bhel, Coalindia, Bhel, Sunpharma, Titan, Bankindia, Titan, Sunpharma, Wipro, Nmdc, Cipla etc.

 

Trading picks for today:

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3	SL	COMMENTS
Hot Today
TATAPOWER  (92.65)	Must Buy At 92—91	94	95—96+	90	Anytime sharp spike toward 100 can be seen.
TITAN  (275.50)	Sell  At 278—281	272	269—266	284	Profit booking can be seen, sell on rise only.
Derivative- Future (Strategy for today)
RELINFRA (415.20)	Must Buy At 412—408	420	424—428+	Bel 404	Max Profits: Unlimited	Buy at dips only for short term Tgt 450+.
RELIN PE 400 (5.70)	Buy when you Buy Fut.	Hedging Position			Max Loss: Rs. 2000
TCS   (1486.50)	Sell  At 1490—1510	1460	1445—1430	Abv 1530	Max Profits: Unlimited	All IT stocks can show profit booking.
TCS CE 1520  (7.75)	Buy when you Sell Fut.	Hedging Position			Max Loss: Rs. 5000
Derivative- Option Strategy
TATASTL CE 310 (6.40)	Buy  At 5—4	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	Trade & hold in bulk 4 short term good gains.
TATASTL PE 290 (1.90)	Sell 2 Lot with CE 310				Max Loss: Rs. 10000
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 (21^st May 2013) Performance in all type of equity segment calls: Maximum Profit/Loss: Rs. 21200.00 Approx.

Weekly Performance Report (13^th – 17^th 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 1^st 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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How to trade with our calls: http://ibnguide.blogspot.in

 

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