Daily News Letter Dated 31st 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: 31 July 2013

 

Support & Resistance

NIFTY:

Last Close: 5755.05 (Down 76.60)

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

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

SENSEX:

Last Close: 19348.34 (Down 244.94)

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 next support at 5720 below which it will open for 5550-5500. No near term surprise seen for upside in coming days. Traders should wait for market to find bottom which is quite possible near 5550--5500.

Hot Sectors For Today: Metal & IT.

 

Btst/Stbt, Hot in street & Results today

BTST/ STBT in last trade (Fut.):

Ranbaxy (Buy – 280; SL- 275; Tgt Later)

Hot in Street:

Jindalstel, Sunpharma, Wipro, Infy, Frl, Bataindia, Lt, Coalindia, Tcs, Hdfc, Uniphos, Icicibank, Titan, Axiabnk, etc.

 

Trading picks for today:

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3	SL	COMMENTS
Hot Today
RAYMOND (186.95)	Must Buy At 185-183	189	191—193	181	Technical bounce toward 200 can be soon.
IDEA  (156.80)	Sell At 158—160	154	152—150	162	Profit booking can be seen from higher levels.
Derivative- Future (Strategy for today)
SBIN (1737.00)	Must Buy At 1730-1710	1770	1790—1810	Bel 1690	Max Profits: Unlimited	Keep an eye & buy with options as hedge
SBIN PE 1700 (61.50)	Buy when you buy Fut.	Hedging Position			Max Loss: Rs. 2500
BHEL (153.70)	Buy At 153—151	158	160—162	Bel 149	Max Profits: Unlimited	Low risk pick  for day traders, keep SL
BHEL PE 150 (5.75)	Buy when you buy Fut.	Hedging Position			Max Loss: Rs. 4000
Derivative- Option Strategy
TATASTL CE 210 (11.0)	Buy  At 10—7	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	Trade in bulk & hold for gain for 4—7 days .
TATASTL PE 190 (2.85)	Sell 2 Lot with CE 210				Max Loss:  Rs. 12000
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
ALBK (90.05)	Must Buy C/Fut. 88—84	99	105—110+	Below 80	SL hits pls exit.
CHAMBLFERT (36.20)	Buy At 35.50—34	39.50	42—45+	Below 32.50	Book 50% Profits at 39 and hold long .
IDBI (70.80)	Must Buy Fut. 70—67	77	81—85+	Below 64	SL hits pls exit.
SUNPHARMA (1013.8)	Sell Fut. At  1030—1070	940	890—850	Revise 1120	SL hits pls exit.

 

Past performances

Last Trade (30^th July 2013) Performance in all type of equity segment calls: Maximum Profit/Loss: Rs. 15475.00 Approx.

Weekly Performance Report (22^nd – 26^th July 2013):

http://nse-bse.blogspot.in/2013/07/weekly-performance-report-equity-calls_26.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