~~OM~~
India Stock (A Unit of IBN Services, New Delhi)
Daily News Letter—Dated 30th June 2008
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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: 13802.22 (619.60) Resis – 14100, 14650, 15000, 15500 Supports – 13500, 13000, 12300, 12000
NIFTY: Last Close: 4136.65 (179.20) Resis – 4240, 4400, 500, 4650, 4800 Supports – 4110, 4000, 3910, 3730, 3600
Sensex Range for This Week: 13500-15500 above which it will touch 16150 Below Tgt 12300; Resis at 15000 closing.
Mkt can open weak but bounce back & firm closing expected today. Buy at Dip & Sell at High or Vice-Versa for intra-day swing gains. Hot Sector Today: Pharma, Steel & Oil Exp.
BTST/ STBT in Last Trade (Cash /Fut.): HINDOIL EXP FUT (BUY 130 SL 128 TGT 133.3 & 134.8)
Hot in Street: Cairn, Tulip, Bajajhldng, Cmc, Shreecem, Ekc, Cesc, Kesoram, Albk, Star, Pateleng, Rpl, Gtl etc
Board Meetings Today: BOMDYE, ANSAL, BEML, BINDAL, INDIANBK, INDCEM, MATRIX, BRFL, SUNTV, TVSMOTOR Etc.
IPO DIARY: Birla Cotsyn (India) Limited (App. Date: 30th Jun — 4th Jul), (Offer Price: Rs.15 – Rs.18) Our View: Avoid.
| SCRIPTS (CMP) | ENTRY LEVEL | TGT 1 | TGT 2 | SL | REMARKS |
| Hot Today (Cash Stocks) |
| IDEA (97.45) | Sell C/F At 97-102 | 95 | 94-92 | Abv 105 | Free fall will b seen up to 90 levels in C/F. |
| RANBAXY (523.05) | Buy C/F At 515-523 | 532 | 537-542 | 500 | Oversold on charts, expect recovery up to 550. |
| Derivative- Future (Strategy for today) |
| ABAN (2997.20) | Must Buy 2925-2980 | 3045 | 3100-40 | Bel 2875 | Max Profits: Unlimited | Stock can show good recovery now. |
| …………… (…………) | Sell With Fut. | Hedging Position | Max Loss: Rs. 2500 |
| DLF (417.60) | Sell At 417-430 | 410 | 405-401 | Abv 440 | Max Profits: Unlimited | More weakness will b seen in the stock. |
| DLF CA 450 (15.15) | Sell 2 Lots with Fut. | Hedging Positions | Max Loss: Rs. 4000 |
| Derivative- Option |
| ........... ........... (91.80) | Must Sell At 90-120 | Options Trading strategy with Very Low Risk & High Gain. | Max Profits: 10000++ | Good strategy for 8-10 days 4 good gain. |
| ......... (152.8) | Sell With C........... | Max Loss: Rs. 5000 |
| Investment Pick |
| S...............(5..........)(44) | Must Buy At 35-40 | 65 | 80-100 | Bel 30 | Good steel stocks for long term investors. |
| | | | | | | |
Last Trade (27th June 2008) Performance in OLC/ Nifty & BTST Calls: Total Profit/Loss: Rs. -5950.00 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 (June 2008)- Revised on 5th June |
| GUJ ALKALI (173.90) | Must Buy C/F 155-165 | 185 | 190-197 | Bel 150 | Tgt2 Achieved on 13th Jun, asked to book profit |
| HINDPETRO (244.65) | Grab C/F At 232-240 | 260 | 267-274 | Bel 225 | Tgt1 Achieved on 4th Jun, asked to book profit |
| SASKEN (120.05) | Buy C/F At 105-110 | 130 | 135-140 | 100 | Our Final Tgt 160 Achieved On 17Th June. |
| INDIA CEMENT (160.0) | Buy C/F 150-155 | 170 | 174-177 | 145 | Tgt1 Achieved on 4th Jun, Again buy at decline |
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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
