Daily News Letter Dated 24th 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: 24 July 2013

 

Support & Resistance

NIFTY:

Last Close: 6077.80 (Up 46.00)

Resistance Levels: 6080, 6180, 6250, 6400, 6500

Support Levels: 5850, 5700, 5630, 5500, 5350

SENSEX:

Last Close: 20302.13 (Up 143.01)

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:

Nifty has been inching toward 6120—6150 which will be a good selling zone. Traders should keep stop loss at 6200 for all sell positions. The market trend will be decided by RBI meet ahead, which do not expect to deliver any surprise.

Hot Sectors Today: Metals & R-Group.

 

Btst/Stbt, Hot in street & Results today

BTST/ STBT in last trade (Fut.):

Relcapital (Sell – 391.50; Book 50% At 388.50 Same Day)

 Hot in Street:

Centurytex, Mrf, Gmrinfra, Ifci, Sunpharma, Ifci, Hdfcbank, Hdfc, Bankbaroda, Relcapital, Renuka, Andhrabank. etc.

 

Trading picks for today:

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3	SL	COMMENTS
Hot Today
BHEL (165.10)	Must Buy At 164—162	168	169.50—171	160	One must go long for upside to 170+ very soon
HINDPETRO (232.95)	Buy At 232—229	237	240—243+	226	Anytime a rise of 5—10% expected, go long.
Derivative- Future (Strategy for today)
RELCAPITAL (394.70)	Must Sell At 396—400	388	384—380	Abv 405	Max Profits: Unlimited	R-group stocks can show profit booking.
RELCAP CE 300 (4.35)	Buy when you sell Fut.	Hedging Position			Max Loss: Rs. 5000
TATASTEEL (234.95)	Buy At 234—230	239	242—245+	Bel 227	Max Profits: Unlimited	Looking oversold, go long now with SL.
TATASTL PE 230 (1.55)	Buy when you buy Fut.	Hedging Position			Max Loss: Rs. 3000
Derivative- Option Strategy
INFY PE 2900 (14.60)	Buy  At 6.50—5	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	Trade in bulk & hold for 1—2 day for gains.
INFY CE 3000 (2.05)	Sell 2 Lot with PE 2900				Max Loss:  Rs. 2000
Investment Pick (Long Term)
MTNL (500108) (16.50)	Must Buy At 15—12	30	38—45+	Buy in bulk for short term upside to 40+ even 60+

 

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 (23^rd July 2013) Performance in all type of equity segment calls: Maximum Profit/Loss: Rs. 72300.00 Approx.

Weekly Performance Report (15^th – 19^th 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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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