Daily News Letter Dated 29th 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 29^th 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: 5282.00 (21.60) Resis – 5350, 5400, 5500, 5650, 5725 Supports – 5050, 4900, 4820, 4700, 4650

SENSEX: Last Close: 17644.76 (85.91) Resis – 17700, 18000, 18150, 18300 Supports – 17150, 16800, 16550, 16300

Sensex Range This Week: 17100 - 18000 above which it will touch 18300 & Below Tgt 16500; Resis at 18000 closing.

Mkt will follow the international market but the week advises caution ahead. We see a limited upside & any –ve news can spoil the mood & show quick fall. Hot Sector for Today: Banking.

BTST/ STBT in Last Trade (Cash /Fut.): BANKINDIA (Buy –319; SL- No Sl; Booked 25% At 324 Same day)

TATAMOTORS (Buy –741; SL- 730; Tgt1- 750; Tgt2- 757; Tgt3- 765)

Hot in Street:  Ekc, Ifci, Ibrealest, Bajajauto, Chennpetro, Pateleng, Indianb, Yesbnk, Sintex, Suntv  etc.

 

SCRIPTS   (CMP)	ENTRY LEVEL	TGT1	TGT 2	SL	REMARKS
Hot Today
POWER GRID (107.15)	Must Buy At 107—105	109	110—111+	103	Low risk & high gain, anytime explosion seen.
EKC (122.30)	Buy C/Fut. At 122-119	124.50	126—127.5	117.5	Good for day traders for Tgt up to 130 today.
Derivative- Future (Strategy for today)
JPASSOCIAT (151.50)	Must Buy At Opening	154.50	156—157.5	147	Max Profits: Unlimited	Keep an eye, some one is eating the stk.
JPASSOC PA170 (1.90)	Sell when you buy Fut.	Hedging Position			Max Loss: Rs. 5000
CANBK (415.95)	Grab At 415—408	422	426—430	Bel 404	Max Profits: Unlimited	All banking stock looks good today.
……………. (……..)	…………………	Hedging Position			Max Loss: Rs. 3200
Derivative- Option Strategy
IDBI CA 120 (2.70)	Must Buy At 2.70—2.0	Options Trading strategy At Very Low Risk - High Gain.			Max Profits: Unlimited	One can trade in bulk for 1-2 week SL 110.
IDBI PA 110 (2.10)	Sell 2 Lot with CA 110				Max Loss: Unlimited
Investment Pick
……….. (……) (………)	………….	…….	……….	……	……………………………….

 

Last Trade (26^th March 2010) Performance in OLC/ Nifty & BTST Calls: Total Profit/Loss: Rs.23987.50 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.
BANKNIFTY (9130.00)	Sell At Rise 9150—9200	8700	8600-8500	9300	SL hit on 25th March, made an exit.
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 (22^nd – 26^th Mar 2010) http://nse-bse.blogspot.com/2010/03/weekly-performance-report-including-all_26.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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