Daily News Letter Dated 23rdDaily News Letter August 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 August 2013

 

Support & Resistance

NIFTY:

Last Close: 5408.45 (Up 105.90)

Resistance Levels: 5600, 5750, 5900, 6080, 6180

Support Levels: 5200, 5050, 4900, 4800, 4650

SENSEX:

Last Close: 18312.94 (Up 407.03)

Resistance Levels: 18800, 19300, 19800, 20300, 20650

Support Levels: 17650, 17100, 16650, 16300, 15800

Sensex Range This Week: 18500 - 19500 above which it will touch 20000 & Below Target 19000; Good support closing below 18000.

 

Market Commentary:

Market trend remains down & Nifty 5300 is crucial support. If Nifty closes below 5300 mark for two consecutive days then we can see further panic in the market. Traders should avoid going long for time being & sell at any rise today.

Hot Sectors For Today: Banking & IT.

 

Btst/Stbt, Hot in street & Results today

BTST/ STBT in last trade (Fut.):

Sunpharma (Sell – 503; SL – 508; Tgt Later)

 

Hot in Street: Ranbaxy, Sesagoa, Hindalco, Hdil, Relinfra, Tatasteel, Jpassociate, Jswsteel, Ster, Hindzinc, Sail, Nmdc, Centurytex, Bhartiartl etc.

 

Trading picks for today:

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3		SL	COMMENTS
Hot Today
BANKINDIA  (147.35)	Must Buy At 146—143	150	152—154+		141	Very Good pick among mid-cap banking stock
SESAGOA (155.80)	Sell At 157—160	152	150—148		162	One should sell on any rise for downside today
Derivative- Future (Strategy for today)
RANBAXY (386.00)	Must Sell At 389—394	380	376—372		Abv 400	Max Profits: Unlimited	Trade with hedge of option for good gain.
RANBAXY CE390 (15)	Buy when you Sell Fut.	Hedging Position				Max Loss: Rs. 3000
INFY (3042.00)	Sell At 3050—3090	2990	2960—2930		Abv 3120	Max Profits: Unlimited	Anytime a panic of 5—10% can be seen.
INFY CE 3050 (40.00)	Buy when you Sell Fut.	Hedging Position				Max Loss: Rs. 3750
Derivative- Option Strategy
DLF CE 150 (4.70)	Buy  At 4—2.50	Options Trading strategy with High Risk- High Gain.				Max Profits: Unlimited	Trade in bulk & hold for gain for 5—7 days .
DLF PE 140 (5.15)	Buy 1 Lot with CE 150					Max Loss:  Rs. 10000
Investment Pick (Long Term)
SUZLON (532667) (6.70)	Must Buy At 6.50—5	10		14—18+	Buy in bulk for short term upside to 20+ even 30+

 

Monthly trading picks:

Monthly trading picks for August 2013 (as given on 12th Aug)
BHEL (117.40)	Grab At 115—110	130	135—140+	Below 105	SL Hit, Pls Exit.
BANKINDIA (169.25)	Buy at dips to 165—155	185	195—205+	Below 150	Booked partial at 184 on 14th August.
DLF (138.00)	Must Buy At 135—126	150	158—165+	Below 120	Booked 50% profit at 160 on 14th August
……………….	…………………….	……	………………..	……………..	…………………………………………..

 

Past performances

Last Trade (22^nd August 2013) Performance in all type of equity segment calls: Maximum Profit/Loss: Rs. -2300.00 Approx.

Weekly Performance Report (12^th – 16^th August 2013):

http://nse-bse.blogspot.in/2013/08/weekly-performance-report-equity-calls_17.html

Monthly Performance Equity Calls (July):

http://nse-bse.blogspot.in/2013/07/monthly-performance-report-all-types-of.html

Monthly Performance Nifty/ Bank Nifty Calls (July):

http://nse-bse.blogspot.in/2013/07/monthly-performance-report-nifty.html

Monthly Performance Commodity Calls (July):

http://nse-bse.blogspot.in/2013/07/monthly-performance-report-commodity.html

 

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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