Daily News Letter Dated 24th February 2014-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 February 2014

 

Phone: (91) 9899909899; 9968443444; 9311353399

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Support & Resistance

NIFTY:

Last Close: 6155.45 (Up 64.00)

Resistance Levels: 6240, 6330, 6400, 6500, 6550

Support Levels: 6030, 5900, 5800, 5650, 5500

SENSEX:

Last Close: 20700.75 (Up 164.11)

Resistance Levels: 21000, 21250, 21500, 21850, 22000

Support Levels: 20300, 19800, 19500, 19000, 18500

Sensex Range This Week: 20000 - 21100 above which it will touch 21500 & Below Target 19500; Good Support closing below 20000.

 

Market Commentary:

Nifty has crucial resistance at 6230 & if manages to close above today & next day then we can see sharp reversal in the market and a possibility of new all time high. The coming days we show sharp movements in both side due to rollover & FnO expiry..

Hot sectors for today: Bank & IT.

 

Btst/Stbt, Hot in street & Results today                                                                                                                                                                        

BTST/ STBT in last trade (Fut.):

Lt Fut Avg. (Sell – 1041.5; SL – No, Carry over)

Top Derivatives in the Street: Indiacem, Ambujacem, Acc, Ultracemco, Mcleodruss, Hcltech, Bpcl, Hindpetro, Suntv, Grasim etc.

 

Trading picks for today:

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3		SL	COMMENTS
Hot Today
ONGC (277.00)	Must Buy At 276—273	282	285—288+		270	Buy at opening bell & go long for Tgt 290+
ACC (1068.80)	Sell C/Fut.  1070—1080	1050	1040—1030		1090	Take a risk to sell on rise with tight sl for gain
Derivative- Future (Strategy for today)
BHARTIARTL (289.45)	Must Buy At 287—284	294	297—300+		Bel 280	Max Profits: Unlimited	Take a risk to buy at dip with hedge of PE.
BHARTI PE 290 (4.30)	Buy when you Buy Fut.	Hedging Position				Max Loss: Rs. 4000
HCLTECH (1543.00)	Sell At 1550—1570	1520	1505—1490		Abv 1585	Max Profits: Unlimited	Time to build short for downside to 1400.
HCLTEC CE1560 (13.3)	Buy when you Sell Fut.	Hedging Position				Max Loss: Rs. 3750
Derivative- Option Strategy
RCOM CE 115 (1.00)	Buy  At 1—0.50	Options Trading strategy with High Risk- High Gain.				Max Profits: Unlimited	Must trade & hold with spot SL 105.
RCOM PE 105 (0.55)	Sell 2 Lot with CE 115					Max Loss: Rs. 8000
Investment Pick (Long Term)
UNITECH (507878) (12.6)	Must Buy At 12—10	18		21—24+	Good pick for medium-long term investors, Tgt 20+

 

Monthly trading picks:

Monthly trading picks for February 2014
SUNPHARMA (588.70)	Must Buy At 575—550	630	660—690+	Below 540	Booked 50% profits at 625 on 14 Feb
…………… (……)	…………………	…….	…………	………….	………………………………….
…………. (……..)	……………..	….	…… …..	…………	………………………………..
ARVIND (149.60)	Sell Fut. Around 152—157	137	132—127	Above 160	Booked 50% profits at 135.5 on 14 Feb

 

Past performances

Weekly Performance Report (17^th – 21^st February 2014):

http://nse-bse.blogspot.in/2014/02/weekly-performance-report-equity-calls.html

Monthly Performance Equity Calls (January):

http://nse-bse.blogspot.in/2014/01/monthly-performance-report-all-types-of.html

Monthly Performance Nifty/ Bank Nifty Calls (January):

http://nse-bse.blogspot.in/2014/01/monthly-performance-report-nifty.html

Monthly Performance Commodity Calls (January):

http://nse-bse.blogspot.in/2014/01/monthly-performance-report-commodity.html

 

Important Links

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Subscription charges for our calls in commodity market: http://ibncommodity.blogspot.in

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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Disclaimer

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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. This document is not written by any registered advisor. 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