Thursday, May 23, 2013

Daily News Letter Dated 23rd 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: 23 May 2013

 

Support & Resistance

NIFTY:

Last Close: 6094.50 (Down 19.60)

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

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

SENSEX:

Last Close: 20062.24 (Down 49.37)

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:

Traders should buy at dips today for a possible bounce in coming days. Nifty will find crucial support at 5980 below which bears will have upper hand. Major results can guide the market this week. We still expect a bounce to 6200 very soon but traders should keep tight SL.

Hot Sectors for Today: Infra & Banking.

 

Btst/Stbt, Hot in street & Results today

BTST/ STBT in last trade (Fut.):

Bhel (Buy – 202; SL- 200; Tgt Later)

Hot in Street:

Techm, Sunpharma, Bhartiartl, Ntpc, Itc, Uniphos, Hcltech, Idea, Wipro, Tcs, Kotakbank, Bataindia, Sbin, Icicibank etc.

 

Trading picks for today:

SCRIP NAME (CMP)

ENTRY LEVEL

TGT1

TGT2—3

SL

COMMENTS

Hot Today

WIPRO  (342.05)

Must Buy At 340—336

348

352—356+

332

Good IT pick for short term traders, Tgt 360+.

MCDOWELL (2484.40)                                                                                                                                                                                      

Sell  At 2490—2520

2440

2415—2390

2550

Stock is overbought & expect a 10% downside

Derivative- Future (Strategy for today)

TATAMOTORS (292.40)

Must Buy At 291—288

297

300—303+

Bel 285

Max Profits: Unlimited

Low risk pick for day traders, Tgt 310

TATAMO PE 280 (3.80)

Buy when you Buy Fut.

Hedging Position

  Max Loss: Rs. 3000

SUNPHARMA  (1006.6)

Sell  At 1010—1020

990

980—970

Abv 1030

Max Profits: Unlimited

High risk high gain strategy for traders.

SUNPH CE 1020  (16.75)

Buy when you Sell Fut.

Hedging Position

 Max Loss: Rs. 2500

Derivative- Option Strategy

SBIN CE 2350 (58.95)

Buy  At 50—35

Options Trading strategy with High Risk- High Gain.

Max Profits: Unlimited

Trade & hold in bulk 4 short term good gains.

SBIN PE 2300 (51.30)

Buy 1 Lot with CE 2350

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 (22nd May 2013) Performance in all type of equity segment calls: Maximum Profit/Loss: Rs. 44600.00 Approx.

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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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

 

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