Daily News Letter Dated 30th May 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: 30 May 2014
Phone: (91) 9899909899; 9968443444; 9311353399
E-Mail: info@ibnservices.in or ibnservices@gmail.com
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Support & Resistance
NIFTY:
Last Close: 7235.65 (Down 94.00)
Resistance Levels: 7500, 7700, 7850, 8000, 8200
Support Levels: 7100, 6900, 6650, 6400, 6250
SENSEX:
Last Close: 24234.15 (Down 321.94)
Resistance Levels: 25000, 26000, 26500, 27000, 27700
Support Levels: 23700, 23000, 2200, 21500, 21000
Sensex Range This Week: 23000 - 25000 above which it will touch 27000 & Below Target 22000; Good Resistance closing below 25000.
Market Commentary:
Nifty has been showing sign of profit booking with immediate support at 7100 & 7000. The street sentiment is very bullish for upside to 8000 with hurdle at 7500. Traders should hedge long with put option else it can be fatal trade.
Hot sectors today: IT & Metals.
Btst/Stbt, Hot in street & Results today
BTST/ STBT in last trade (Fut.):
Sbin Fut. (Sell – 2650; SL No, Book 50% at 2625)
Infy Fut. (Buy – 2950; SL 2920, Tgt 3000)
Top Derivatives in the Street: Ucobank, Bankindia, Albk, Idbi, Ifci, Syndibank, Glenmark, Apollotyre, Bharatforg, Suntv etc.
Trading picks for today:
| SCRIP NAME (CMP) | ENTRY LEVEL | TGT1 | TGT2—3 | SL | COMMENTS | ||
| Hot Today | |||||||
| IDFC (127.60) | Must Buy At 127—125 | 130 | 131.5—133 | 123 | Good pick among mid-cap finance sector. | ||
| BANKINDIA (327.90) | Sell C/Fut. 329—333 | 322 | 318—315 | 336 | Profit booking can emerge, keep tight SL. | ||
| Derivative- Future (Strategy for today) | |||||||
| WIPRO (504.00) | Must Buy At 500—495 | 510 | 515—520+ | Bel 490 | Max Profits: Unlimited | Anytime sharp move can be seen. | |
| WIPRO PE 490 (12.85) | Buy when you Buy Fut. | Hedging Position | Max Loss: Rs. 2500 | ||||
| HINDALCO (150.60) | Sell At Rise to 151—153 | 147 | 145—143 | Abv 155 | Max Profits: Unlimited | Trade with hedge of CE option for gain. | |
| HINDALC CE 155 (6.0) | Buy when you Sell Fut. | Hedging Position | Max Loss: Rs. 4000 | ||||
| Derivative- Option Strategy | |||||||
| BHARTI CE 340 (13.65) | Buy At 13—10 | Options Trading strategy with High Risk- High Gain. | Max Profits: Unlimited | Trade & hold for 2—5 days with spot SL 320. | |||
| BHARTI PE 320 (5.70) | Sell 2 Lot with CE 340 | Max Loss: Rs. 5000 | |||||
| Investment Pick (Long Term) | |||||||
| UBHOLDIN(507458)(40) | Must Buy At 38—35 | 60 | 75—90+ | Stock is coming up with good volume, buy in bulk. | |||
Monthly trading picks:
| Monthly trading picks for May 2014 (as on 1st May) | |||||
| ……… (…….) | ……………. | ……. | …………… | ………… | ……………………………… |
| AXISBANK (1529.45) | Sell Fut. Around 1550-1600 | 1400 | 1330—1270 | Above 1680 | SL Hit Pls Exit. |
| UNITECH (16.00) | Must Buy Fut. 15.5—14.75 | 17.5 | 19—21 | Above 14 | Book 70% profits on 16th May at 21. |
| IDFC (112.90) | Buy Fut. Around 110—105 | 120 | 126—132+ | Below 98 | Book 75% profits on 16th May at 130 |
Last Trade (29th May 2014) Performance in all type of equity segment calls: Maximum Profit/Loss: Rs. 74790.00 Approx.
Weekly Performance Report (19th May – 23rd May 2014):
http://nse-bse.blogspot.in/2014/05/weekly-performance-report-equity-calls_23.html
Monthly Performance Equity Calls (April):
http://nse-bse.blogspot.in/2014/04/monthly-performance-report-all-types-of.html
Monthly Performance Nifty/ Bank Nifty Calls (April):
http://nse-bse.blogspot.in/2014/04/monthly-performance-report-nifty.html
Monthly Performance Commodity Calls (April):
http://nse-bse.blogspot.in/2014/04/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
Kindly read carefully before trading with us:
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
posted by NSE_BSE at Friday, May 30, 2014
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