Daily News Letter Dated 24th 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: 24 May 2013

 

Support & Resistance

NIFTY:

Last Close: 5967.05 (Down 127.45)

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

Support Levels: 5900, 5800, 5700, 5630, 5500

SENSEX:

Last Close: 19674.33 (Down 387.91)

Resistance Levels: 20350, 20700, 21000, 21350, 21700

Support Levels: 19350, 19000, 18650, 18150, 17650

Sensex Range This Week: 19700 - 20500 above which it will touch 21000 & Below Target 19300; Good Support closing below 19700.

 

Market Commentary:

Nifty has next support at 5850—5800. Traders should wait & watch for market to find clear trend for coming days, if it closes in deep red today too then we can soon see major slide toward 5200—5000. We still see possibility of recovery if Nifty do not close below 5850 for two consecutive days.

Hot Sectors Today: Cap. Good & Auto.

 

Btst/Stbt, Hot in street & Results today

BTST/ STBT in last trade (Fut.):

Sbin (Buy – 2140; SL- No SL; Tgt Later)

 Hot in Street:

Ofss, Colpal, Zeel, Uniphos, Techm, Sail, Tatamotors, Sunpharma, Heromotoco, Ongc, Hdfc, Kotakbank, Cipla etc.

 

Trading picks for today:

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3	SL	COMMENTS
Hot Today
BHEL (195.70)	Must Buy At 194—192	200	202.5—205+	190	Stock can show an upside if market sustains.
YESBANK (496.70)	Sell  At 500—505	490	486—482	510	Trade with stop loss for downfall to 480 soon.
Derivative- Future (Strategy for today)
CROMPGREAV (97.75)	Must Buy At 97—95	99	100—101+	Bel 93	Max Profits: Unlimited	Trade with hedge for good gain today.
CROMP PE 95 (3.55)	Buy when you Buy Fut.	Hedging Position			Max Loss: Rs. 4000
HINDALCO (108.90)	Sell  At 110—111.5	107	105.5—104	Abv 113	Max Profits: Unlimited	Stock can show profit booking.
HINDAL CE 110  (2.20)	Buy when you Sell Fut.	Hedging Position			Max Loss: Rs. 3000
Derivative- Option Strategy
NIFTY  CE 6000 (44.60)	Buy  At 40—30	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	Trade & hold in bulk 4 short term good gains.
NIFTY  PE 5800 (17.75)	Sell 2 Lots with CE6000				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	Book partial profit at 100 next Tgt 90.
…………….. (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 (23rd May 2013) Performance in all type of equity segment calls: Maximum Profit/Loss: Rs. 70800.00 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