Daily News Letter Dated 12th March 2010---Gain from us. Visit: http://www.ibnservices.com/ OR http://nse-bse.blogspot.com/ OR http://mcx-ncdex.blogspot.com/

~~OM~~

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

Daily News Letter—Dated 12^th March 2010

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Advice: Book profits in Day-trade at gain of 1.5--3% in stock (Cash/Fut.) & don’t take risk with your money.

 

NIFTY: Last Close: 5113.40 (17.15) Resis – 5150, 5300, 5400, 5500, 5650 Supports – 4900, 4820, 4700, 4650, 4550

SENSEX: Last Close: 17167.96 (69.63) Resis – 17300, 17700, 18000, 18300 Supports – 16450, 16200, 15700, 15500

Sensex Range This Week: 16200 - 18000 above which it will touch 18500 & Below Tgt 15500; Resis at 17300 closing.

Crucial day for the Mkt today as IIP data will guide the movement. Nifty finding strong Resis at 5150-5200 levels & support at 5050-5000, but avoid going long. Hot Sector for Today: Tele.

BTST/ STBT in Last Trade (Cash /Fut.): ABAN (Buy –1250; SL- 118; Booked Partial At 1260 Same Day)

STER (Sell –818; SL- 830; Tgt1- 805; Tgt2- 800; Tgt3- 792)

Hot in Street:  Abb, Sunpharma, Bhartirtl, Wipro, Ster, Tcs, Axisbnk, Icicibank, Grasim etc.

 

SCRIPTS   (CMP)	ENTRY LEVEL	TGT1	TGT 2	SL	REMARKS
Hot Today
ESSAR OIL (144.55)	Must Buy At 144—141	147	148.5—150	138	The stock is in narrow range but good for long
RCOM (160.75)	Buy C/Fut. At 160-157	163.5	165—167	155	All telecom stock are highly oversold on charts
Derivative- Future (Strategy for today)
BANKINDIA (338.50)	Must Buy At 338—333	344	347—350	Bel 330	Max Profits: Unlimited	Good scrip for day traders, keep SL.
…………… (……..)	……………..	Hedging Position			Max Loss: Rs. 2850
RELINFRA (1005.6)	Sell At Rise to 1020	990	982—975	Abv 1032	Max Profits: Unlimited	Keep a close eye, we see free fall today.
RELINF CA1020 (19.2)	Buy when you sell Fut.	Hedging Position			Max Loss: Rs. 3500
Derivative- Option Strategy
NIFTY PE5100 (46.80)	Must Buy At 45—35	Options Trading strategy At Very Low Risk - High Gain.			Max Profits: Unlimited	Keep SL 5200 closing basis & trade long.
NIFTY CE5200 (49.25)	Sell 2 Lot with PE5100				Max Loss: Rs. 5000
Investment Pick
……….. (……) (………)	………….	…….	……….	……	……………………………….

 

Last Trade (11^th March 2010) Performance in OLC/ Nifty & BTST Calls: Total Profit/Loss: Rs.26213.80 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 Picks for this month (March 2010)
ESSAR OIL (131.40)	Must Buy At 130—124	143	147—150	120	All Tgt hit on 8th Mar book 50% here & hold.
…………….. (9130.00)	Sell At Rise 9150—9200	8700	8600-8500	9300	Add more on rise to 9150-9200 revise SL 9300.
AMBUJA CEM (106.90)	Accumulate At 105—102	113	115—118	100	Tgt2 hit on 10 Mar book 75% & hold long.
IDBI (118.95)	Buy At Dips up to 112	127	132—135	109	Tgt1 hit on 8 Mar book part here & hold long.

 

Weekly Perf Report (2^nd – 5^th March 2010) http://nse-bse.blogspot.com/2010/03/weekly-performance-report-including-all.html

Monthly Perf Report Equity Calls (Feb): http://nse-bse.blogspot.com/2010/02/monthly-performance-report-intra-day.html

Monthly Performance Report-Nifty (Feb): http://nse-bse.blogspot.com/2010/02/monthly-performance-report-nifty.html

Monthly Commodity Call Report (Feb) http://nse-bse.blogspot.com/2010/02/monthly-performance-report-commodity.html

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