Daily News Letter Dated 24th July 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 July 2014

 

Phone: (91) 9899909899; 9968443444; 9311353399

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Support & Resistance                                                                                                                                                 

NIFTY:

Last Close: 7795.75 (Up 27.90)

Resistance Levels: 7850, 8000, 8200, 8350, 8500

Support Levels: 7400, 7100, 6900, 6650, 6500

SENSEX:

Last Close: 26147.33 (Up 121.53)

Resistance Levels: 26000, 26500, 27000, 27700, 28500

Support Levels: 24800, 23700, 23000, 22000, 21500

Sensex Range This Week: 24000 - 26000 above which it will touch 27500 & Below Target 22500; Good Resistance closing Above 26000

 

Market Commentary:

Nifty is trading near it’s hurdle of 7800 which seems difficult to break & close. The overall sentiment remains bullish for target 8000+ very soon, but trader should always remember that there is no 100% surety for anything.

Hot sectors for Today: Cement & Metal.

 

Btst/Stbt, Hot in street & Results today

BTST/ STBT in last trade (Fut.):

Bhartiartl Fut. (Sell – 356; SL Revise, Tgt 353 & Bel)

Top Derivatives in the Street: Mrf, Unitech, Bpcl, Infy, Gmrinfra, Glenmark, Bankbaroda, Hindpetro, Jppower, Hindalco etc.

 

Trading picks for today:

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3		SL	COMMENTS
Hot Today
INDIACEM (102.00)	Must Buy At 101—99.5	103.5	105—106.5		98	All cement stocks can show good bounce today.
ICICIBANK (1505.90)	Sell C/Fut. At 1509—1525	1480	1465—1450		1540	Some profit booking can be seen but keep tight SL.
Derivative- Future (Strategy for today)
IBREALEST (80.30)	Must Buy At 80—79	82	83—84		Bel 78	Max Profits: Unlimited	Any time a big bounce to 90+ can be seen.
IBREALEST PE 80 (2.00)	Buy when you Buy Fut.	Hedging Position				Max Loss: Rs. 4000
HINDALCO (193.25)	Sell At Rise to 194—196	190	188—186		Abv 198	Max Profits: Unlimited	Metal stocks can show some profit booking.
HINDALCO CE 200 (2.05)	Buy when you Sell Fut.	Hedging Position				Max Loss: Rs. 4000
Derivative- Option Strategy
INFY PE 3300 (27.50)	Buy  At 25—15	Options Trading strategy with High Risk- High Gain.				Max Profits: Unlimited	Trade & hold for 5—7 days with spot SL 3500.
INFY CE 3500 (8.00)	Sell 2 Lot with PE 3300					Max Loss: Rs. 3000
Investment Pick (Long Term)
ORCHIDCHE (524372)(81)	Must Buy At 78—70	120		140—160+	Low risk pick 4 medium to long term investors, buy bulk.

 

Monthly trading picks:

Monthly trading picks for July 2014 (as on 3rd July)
…….. (…..)	…………..	….	………..	……….	…………………….
ARVIND (244.25)	Sell Fut. Around 250--260	225	215—200	Above 270	Book 75% profits around 205 on 10th July.
MARUTI (2650.35)	Must Sell Fut. 2680—2800	2400	2300—2200	Below 2860	Book some profit around 2510 & wait.
BHARATFORG (671.6)	Sell Fut. Around 680—710	600	570—540	Above 740	Book some profit around 620 & wait.

 

Past performances

Last Trade (23^rd June 2014) Performance in all type of equity segment calls: Maximum Profit/Loss: Rs. 25718.00 Approx.

Weekly Performance Report (14^th July – 18^th July 2014):

http://nse-bse.blogspot.in/2014/07/weekly-performance-report-equity-calls_18.html

Monthly Performance Equity Calls (June):

http://nse-bse.blogspot.in/2014/06/monthly-performance-report-all-types-of.html

Monthly Performance Nifty/ Bank Nifty Calls (June):

http://nse-bse.blogspot.in/2014/06/monthly-performance-report-nifty.html

Monthly Performance Commodity Calls (June):

http://mcx-ncdex.blogspot.in/2014_06_01_archive.html

 

Important Links

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Subscription charges for our calls in equity market: http://ibnequity.blogspot.in

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