Daily News Letter-Dated 23rd October 2008--Visit: http://stock.ibnservice.com/ or http://indiastock1.blogspot.com/

~~OM~~

India Stock (A Unit of IBN Services, New Delhi)

Daily News Letter—Dated 23^rd October 2008

Visit: http://stock.ibnservice.com/ or http://indiastock1.blogspot.com/

Group: http://finance.groups.yahoo.com/group/ibnservicesdelhi/

E-Mail: info@ibnservice.com or stock@ibnservice.com

Phone: (91) 9899-90-9899; 9968-443-444 (Call between 9:00AM -- 5:00PM only)

Advice: Book profits in Day-trade at gain of 2-3% in stock (Cash/Fut.) & don’t take risk with your money.

SENSEX: Last Close: 10169.90 (513.49) Resis – 11000, 11300, 11650, 12000 Supports – 9700, 9400, 9000, 8800

NIFTY: Last Close: 3065.15 (169.75) Resis – 3275, 3350, 3500, 3620 Supports – 3000, 2910, 2800, 2700, 2550

Sensex Range for This Week: 8800 -11300 above which it will touch 12000 Below Tgt 8200; Resis at 10600 closing.

Mkt will see further weakness & Nifty can break below 3000 which can further take to our final Tgt 2800 at downside in 2-3 day. Fresh buy only on Monday. Hot Sector 4 Today: Sugar.

BTST/ STBT in Last Trade (Cash /Fut.): GMR INFRA FUT (Sell 63.25; SL 64; Tgt1 61; Tgt2 60.2; Tgt3 59.5)

Hot in Street: Utvsof, Itc, Techm, Mcdowell, Indusbnk, Hindzinc, Tvsmotor Balramchin, Kfa, Jetair, Gmrinfra, Aban Etc.

Result Today: Acc, Aptech, Bajajauto, Bajajhldng, Cumminsind, DenaBnk, Edelweiss, DRreddy, Ekc, Gail, Gdl, Grasim, GujAlkali, Hindoil, Hindujaven, Hoteleela, Patni, Praj, Ptc, Punj, Rajeshexpo, Reliance, Srf, Ster, Vijaya bnk, Voltas

SCRIPTS (CMP)	ENTRY LEVEL		TGT 1	TGT 2	SL	REMARKS
Hot Today
SAIL (97.65)	Sell C/F At 97.5—100	95		94-93	102	The stock can fall up to 90, then to 83-80 now.
EDELWEISS (367.65)	Sell C/F At 367-374	360		356-352	380	Keep SL & go short in C/F for sudden decline.
Derivative- Future (Strategy for today)
LT (813.45)	Must Sell At 813-820		800	792-783	830	Max Profits: Rs. 5000+	Weakness will b seen, can touch 750
LT CA 840 (25.70)	Buy When U Sell Fut.		Hedging Position			Max Loss: Rs. 2000
RENUKA (57.65)	Buy At 56—57		58.5	59—60	55	Max Profits: Unlimited	The stock can show momentum keep Sl
RENUKA CA 65 (1.05)	Sell When U Buy Fut.		Hedging Positions			Max Loss: Rs. 5000
Derivative- Option
NIFTY PE 3000 (79.25)	Must Buy At 65—80		Options Trading strategy with Very Low Risk & High Gain.			Max Profits: Rs. 10000+	We can see Nifty breaking below 3000.
NIFTY CE 3200 (48.80)	Sell 2 lot with PE3000					Max Loss: Rs. 3000
Investment Pick
………… (…….)(……….)	……………..		………	………	……….	………………………….

Last Trade (22^nd October 2008) Performance in OLC/ Nifty & BTST Calls: Total Profit/Loss: Rs. 13269.00 Approx.

Result (profit/ loss) may vary from person to person, due to one’s trading habit. The price calculated on intra-day/ Positional stocks target achieved.

Hot stocks in this month (October 2008)
UNITECH (101.10)	Must Buy C/F 97—100	110	115-120	Bel 93	Stop Loss Triggered and Exited.
IDFC (62.75)	Grab C/F At 60-62	70	73-75	57	Stop Loss Triggered and Exited.
HINDALCO (97.70)	Buy C/F At 93—97	105	108-110	90	Stop Loss Triggered and Exited.
RCOM (300.05)	Must Buy C/F 290-300	330	339-350	282	Stop Loss Triggered and Exited.

Daily Performance Report (Last Trade) http://nse-bse.blogspot.com/

Weekly Performance Report (13^th Oct -17^th Oct 08) http://nse-bse.blogspot.com/2008/10/weekly-perf-report-online-calls-btst.html

Monthly Performance Report (September): http://nse-bse.blogspot.com/2008/09/monthly-perf-report-online-calls-btst.html

Monthly Performance Report- BTST/ STBT (September) http://nse-bse.blogspot.com/2008/09/btst-performance-report-cashderivatives.html

Monthly Perf. Report-Nifty (September): http://nse-bse.blogspot.com/2008/09/monthly-performance-report-nifty-calls.html

For Online Calls join me in Yahoo Messenger: ibnservicesdelhi OR ibnservice OR nse_bse4gain

Disclaimer – India Stock {A unit of India Business Network (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 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 especially states that it has no financial liability whatsoever to any user on account of the use of information provided on its News Letter or website. You are responsible for your own investment decisions. India Stock 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 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. By: India Stock (A Unit of IBN Services, New Delhi). Write to: ibnservices@gmail.com Visit: http://nse-bse.blogspot.com/ OR http://indiastock1.blogspot.com/

Group: http://finance.groups.yahoo.com/group/ibnservicesdelhi/ Call: (91) 9899-90-9899; 9968-443-444