Daily News Letter Dated 23rd 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 23^rd March 2010

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Performance: http://nse-bse.blogspot.com or http://mcx-ncdex.blogspot.com/

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: 5205.20 (57.60) Resis – 5250, 5300, 5400, 5500, 5650 Supports – 4900, 4820, 4700, 4650, 4550

SENSEX: Last Close: 17410.57 (167.66) Resis – 17600, 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 will show profit booking till expiry this week & clarity for Mkt trend will come only after rollover. We have alerted for hurdle at 5350-5300. Hot Sector for Today: Fertilizer.

 BTST/ STBT in Last Trade (Cash /Fut.): MPHASIS (Buy –670; SL- No Sl; Exited Same Day At 665)

NAGARFERT (Buy – 31.40; SL- 31; Tgt1- 32.30; Tgt2- 32.65; Tgt3- 33)

Hot in Street:  Indiacem, Divislab, Lupin, Chamblefert, Rcom, Bankbaroda, Voltas, Sintex, Punjlloyd   etc.

 

SCRIPTS   (CMP)	ENTRY LEVEL	TGT1	TGT 2	SL	REMARKS
Hot Today
TATACOMM (290.40)	Must Buy At 290-285	295	297.5—300	282	Oversold on chart among tele sector, watchout
STER (812.20)	Sell C/Fut. At 812—825	800	793—785	832	Stock can show profit booking up to 760-750.
Derivative- Future (Strategy for today)
CHAMBLFERT (62.40)	Must Buy At 62.4--61	63.50	64.2—65+	Bel 60	Max Profits: Unlimited	All fertilizer stocks are very hot today.
CHAMBAL PA60(0.20)	Buy when you sell Fut.	Hedging Position			Max Loss: Rs. 3500
ORCHIDCHEM (155.5)	Buy At 155—152	158.50	160—162	Bel 150	Max Profits: Unlimited	Keep an eye on this, short covering exp.
……………. (……..)	…………………	Hedging Position			Max Loss: Rs. 4200
Derivative- Option Strategy
SBIN CA 2040 (17.90)	Must Buy At 17--14	Options Trading strategy At Very Low Risk - High Gain.			Max Profits: Unlimited	Trade & hold for good gain till expiry this wk.
SBIN PA 2010 (5.75)	Sell 2 Lot with CA2040				Max Loss: Rs. 3000
Investment Pick
……….. (……) (………)	………….	…….	……….	……	……………………………….

 

Last Trade (22^nd March 2010) Performance in OLC/ Nifty & BTST Calls: Total Profit/Loss: Rs.84358.50 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	Booked max profits around 120, hold 4 more.
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 (15th – 19^th Mar 2010) http://nse-bse.blogspot.com/2010/03/weekly-performance-report-including-all_19.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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