Daily News Letter Dated 16th 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 16^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: 5128.90 (8.10) Resis – 5200, 5300, 5400, 5500, 5650 Supports – 4900, 4820, 4700, 4650, 4550

SENSEX: Last Close: 17164.99 (1.63) 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.

Mkt is in narrow range for last 1 week and waiting for a major news, which will be out in a day or two. We can see sudden sell-off any time in this week. Hot Sector for Today: Sugar.

BTST/ STBT in Last Trade (Cash /Fut.): POLARIS (Buy –157.50; SL- No Sl; Booked Partial At 160.5)

DLF (Buy –310; SL- 305; Tgt1- 315; Tgt2- 318; Tgt3- 321)

Hot in Street:  Optocircuit, Chennpetro, Tcs, Litl, Cesc, Wipro, Hcltech, Balramchin, Jpassociate  etc.

 

SCRIPTS   (CMP)	ENTRY LEVEL	TGT1	TGT 2	SL	REMARKS
Hot Today
TATA STEEL (609.95)	Must Sell At 612-622	600	595—590	630	Any moment panic selling can b seen upto 560
ROLTA (180.05)	Buy C/Fut. At 180-177	183	184.5—186	175	Mid-cap IT stocks can show momentum today.
Derivative- Future (Strategy for today)
BAJAJHIND (149.15)	Must Buy At 149-145	152	153.5—155	Bel 142	Max Profits: Unlimited	We can see a bounce back in sugar stocks.
…………… (……..)	……………..	Hedging Position			Max Loss: Rs. 4375
UNITECH (74.35)	Buy At 74—72	76	77—78+	Bel 70	Max Profits: Unlimited	Infra stocks can be on hot seat today.
UNITECH PA 75 (2.25)	Buy when you buy Fut.	Hedging Position			Max Loss: Rs. 9000
Derivative- Option Strategy
RENUKA CA 80 (1.40)	Must Buy At 1.40—1.0	Options Trading strategy At Very Low Risk - High Gain.			Max Profits: Unlimited	Trade & hold till expiry for good gains.
RENUKA PA 70 (0.75)	Sell 2 Lots with CA 80				Max Loss: Rs. 7500
Investment Pick
……….. (……) (………)	………….	…….	……….	……	……………………………….

 

Last Trade (15^th March 2010) Performance in OLC/ Nifty & BTST Calls: Total Profit/Loss: Rs.60663.50 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 (8th – 12^th March 2010) http://nse-bse.blogspot.com/2010/03/weekly-performance-report-including-all_13.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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