Daily News Letter Dated 16th April 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 April 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: 5273.60 (49.35) Resis – 5400, 5450, 5530, 5600, 5750 Supports – 5200, 5050, 4900, 4820, 4700

SENSEX: Last Close: 17639.26 (182.70) Resis – 18100, 18300, 18500, 18750 Supports – 17400, 16800, 16550, 16300

Sensex Range This Week: 17300 - 18300 above which it will touch 18500 & Below Tgt 17000; Resis at 18000 closing.

We have been cautious &will remain until mid June. Nifty finding tough to close above 5400 mark, one should remain light as alerted earlier too & keep SL.  Hot Sector for Today: Power.

BTST/ STBT in Last Trade (Cash /Fut.): Axis Bank (Sell –1158; SL- 1180; Tgt1- 1140; Tgt2- 1130; Tgt3- 1120)

Hot in Street:   JpPower, Unitech, Titan, DrReddy, Fsl, Unionbank, Pirhealth, Jisljaleqs, Gtlinfra, Gtl etc.

Result Today:   Indusind Bank, Crisil, Ind Bank, Gruh, Dcb, Kpr Mill, Tfl etc.

 

SCRIPTS   (CMP)	ENTRY LEVEL	TGT1	TGT 2	SL	REMARKS
Hot Today
JP POWER (73.85)	Must Buy At 73.5—72	75	76—77	71	Stock looks good for short term Tgt 90-100+.
PRAJ IND (91.20)	Buy C/Fut. 91—89	93	94—95	87.50	One can trade with hedge for Tgt 100+ soon.
Derivative- Future (Strategy for today)
POLARIS (177.60)	Must Buy At 177—174	180	182—184	Bel 172	Max Profits: Rs. 15000	All IT stocks are looking bullish.
…………… (……..)	…………….	Hedging Position			Max Loss: Rs. 5600
OPTOCIRCUI (224. 60)	Buy At 224—220	228	230—232	Bel 218	Max Profits: Rs. 16000	Something cooking for quick rise.
………….. (……….)	………………..	Hedging Position			Max Loss: Rs. 4080
Derivative- Option Strategy
DLF CA 340 (8.90)	Must Buy At 8.5--6	Options Trading strategy At Very Low Risk - High Gain.			Max Profits: Unlimited	Good strategy to trade for 1-2 week 4 gains.
DLF PA 320 (4.20)	Buy 1 Lot with CA 340				Max Loss: Rs. 4800
Investment Pick
……….. (……) (………)	………….	…….	……….	……	……………………………….

 

Last Trade (13^th April 2010) Performance in OLC/ Nifty & BTST Calls: Total Profit/Loss: Rs. 49666.50 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 (April 2010)
BANKNIFTY (9482.00)	Sell At Rise 9550-9700	9200	9050-8900	9850	Booked partial around 9350 on 15th April.
…………….. (65.50)	Must Sell Fut. At Rise	60	58—56	70	Sell call initiated at 67.50 & add more on rise.
RPOWER (149.50)	Must Buy At 149—144	160	165—170	140	Tgt1 achieved on 6 April booked partial profit.
MTNL (73.20)	Accumulate At 72.5—70	80	83—85+	68	Booked small profit around 78 levels, Hold.

 

Weekly Perf Report (5^th – 9^th Apr 2010) http://nse-bse.blogspot.com/2010/04/weekly-performance-report-including-all_09.html

Monthly Perf Report Equity Calls (Mar):  http://nse-bse.blogspot.com/2010/03/monthly-performance-report-including.html

Monthly Performance Report-Nifty (March): http://nse-bse.blogspot.com/2010/03/monthly-performance-report-nifty.html

Monthly Commodity Call Report (March) http://nse-bse.blogspot.com/2010/04/monthly-performance-report-commodity.html

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