Daily News Letter Dated 22nd July 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 July 2013
Support & Resistance
NIFTY:
Last Close: 6029.20 (Up 8.85)
Resistance Levels: 6080, 6180, 6250, 6400, 6500
Support Levels: 5850, 5700, 5630, 5500, 5350
SENSEX:
Last Close: 20149.85 (Up 21.44)
Resistance Levels: 20300, 20650, 20900, 21250, 21600
Support Levels: 19450, 19000, 18650, 18150, 17650
Sensex Range This Week: 19500 - 20500 above which it will touch 21000 & Below Target 19000; Good support closing below 19500.
Market Commentary:
Market can show profit booking today. Traders can sell on rise keeping stop loss at 6080 for intra-day gain. Mid-session will show sharp swings on both sides. Short term trend remain negative until we see a closing above 6200 for two consecutive days followed by weekly closing above 6200 mark.
Hot Sectors Today: Banking & Fmcg.
Btst/Stbt, Hot in street & Results today
BTST/ STBT in last trade (Fut.):
Techm (Sell – 1137; Book 50% At 1127 Same Day)
Bankindia (Buy – 212.50; SL- 210; Tgt Later)
Hot in Street:
Tcs, Bajajauto, Renuka, Tatamotors, Gail, Cairn, Nmdc, Bhartiartl, Uniphos, Wipro, Infy, Hexaware, Ongc etc.
Trading picks for today:
SCRIP NAME (CMP) | ENTRY LEVEL | TGT1 | TGT2—3 | SL | COMMENTS | |
Hot Today | ||||||
LT (974.00) | Must Buy At 970—960 | 990 | 1000—1010 | 950 | Trade with hedge for good gain in intra-day. | |
ALBK (84.70) | Buy At 84—83 | 86 | 87—88 | 82 | One of the best pick among mid-cap banking. | |
Derivative- Future (Strategy for today) | ||||||
TCS (1736.85) | Must Sell 1740—1760 | 1700 | 1680—1660 | Abv 1780 | Max Profits: Unlimited | IT stocks expected to show profit booking. |
TCS CE 1750 (10.80) | Buy when you sell Fut. | Hedging Position | Max Loss: Rs. 5000 | |||
AXISBANK (1188.80) | Buy At 1180—1165 | 1210 | 1225—1240 | Bel 1150 | Max Profits: Unlimited | High risk high gain strategy for 2-3 days. |
AXISBK PE 1150 (9.65) | Buy when you buy Fut. | Hedging Position | Max Loss: Rs. 3750 | |||
Derivative- Option Strategy | ||||||
TATASTL CE 240 (4.45) | Buy At 4—3 | Options Trading strategy with High Risk- High Gain. | Max Profits: Unlimited | Trade in bulk & hold for 3—4 day for gains. | ||
TATASTL PE 220 (0.40) | Sell 2 Lot with CE 240 | Max Loss: Rs. 5000 | ||||
Investment Pick (Long Term) | ||||||
SAIL (500113) (52.20) | Must Buy At 50—45 | 75 | 90—110 | News based buying will emerge very soon go long. |
Monthly trading picks:
Monthly trading picks for July 2013 | |||||
……………… (90.05) | Must Buy C/Fut. 88—84 | 99 | 105—110+ | Below 80 | ………………………………………………………….. |
CHAMBLFERT (36.20) | Buy At 35.50—34 | 39.50 | 42—45+ | Below 32.50 | Book 50% Profits at 39 and hold long . |
…………………..(70.80) | Must Buy Fut. 70—67 | 77 | 81—85+ | Below 64 | …………………………………………………………… |
SUNPHARMA (1013.8) | Sell Fut. At 1030—1070 | 940 | 890—850 | Revise 1120 | SL hits pls exit. |
Past performances
Last Trade (19th July 2013) Performance in all type of equity segment calls: Maximum Profit/Loss: Rs. 76850.00 Approx.
Weekly Performance Report (15th – 19th July 2013):
http://nse-bse.blogspot.in/2013/07/weekly-performance-report-equity-calls_19.html
Monthly Performance Equity Calls (June):
http://nse-bse.blogspot.in/2013/06/monthly-performance-report-all-types-of.html
Monthly Performance Nifty/ Bank Nifty Calls (June):
http://nse-bse.blogspot.in/2013/06/monthly-performance-report-nifty.html
Monthly Performance Commodity Calls (June):
http://nse-bse.blogspot.in/2013/06/monthly-performance-report-commodity.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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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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