Daily News Letter Dated 17th 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 17^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: 5198.10 (69.20) Resis – 5200, 5300, 5400, 5500, 5650 Supports – 4900, 4820, 4700, 4650, 4550

SENSEX: Last Close: 17383.18 (218.19) 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.

Nifty has given breakout but great wall lies at 5300 which should be crossed on closing basis for bulls to show new life time high, until then be cautious. Hot Sector for Today: Metals.

BTST/ STBT in Last Trade (Cash /Fut.): JINDALSTL (Buy –689; SL- No Sl; Booked Partial At 697 Same Day)

IDBI (Buy –117.80; SL- 115; Tgt1- 120; Tgt2- 121.25; Tgt3- 122.50)

Hot in Street:  Idea, Bpcl, Cairn, Sunpharma, L&t, Sail, Tatasteel, M&m, Hindalco, Suzlon, Tatamotors  etc.

 

SCRIPTS   (CMP)	ENTRY LEVEL	TGT1	TGT 2	SL	REMARKS
Hot Today
ORCHIDCHEM (164.3)	Must Buy At 164—161	167	168.5—170	159	One can accumulate at dips for Tgt 180-195.
SUZLON (75.25)	Buy C/Fut. At 75—73	76.50	77.25—78	72	Oversold on charts, but high risk - high gain.
Derivative- Future (Strategy for today)
IVRCLINFRA (332.25)	Must Buy At 332-325	338	341—344	Bel 322	Max Profits: Unlimited	We can see a bounce back in sugar stocks.
…………… (……..)	……………..	Hedging Position			Max Loss: Rs. 3000
SCI (152.45)	Buy At 152—150	155	156.5—158	Bel 148	Max Profits: Unlimited	All shipping stocks can show recovery.
………. (……)	……………	Hedging Position			Max Loss: Rs. 4800
Derivative- Option Strategy
TTML-Apr CA25 (1.00)	Must Buy At 1.0-0.60	Options Trading strategy At Very Low Risk - High Gain.			Max Profits: Unlimited	Trade & hold for 2-4 weeks for good gains.
TTML-Mar PA20 (0.55)	Sell 2 Lots with CA 25				Max Loss: Rs. 10000
Investment Pick
……….. (……) (………)	………….	…….	……….	……	……………………………….

 

Last Trade (16^th March 2010) Performance in OLC/ Nifty & BTST Calls: Total Profit/Loss: Rs.72608.00 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 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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