Daily News Letter Dated 20th 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 20^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: 5203.65 (58.95) Resis – 5400, 5450, 5530, 5600, 5750 Supports – 5200, 5050, 4900, 4820, 4700

SENSEX: Last Close: 17400.68 (190.50) Resis – 18100, 18300, 18500, 18750 Supports – 17400, 16800, 16550, 16300

Sensex Range This Week: 17000 - 18000 above which it will touch 18300 & Below Tgt 16500; Resis at 18000 closing.

RBI meeting today & decision on rate hike, which will lead to trend of the Mkt. One should trade light until picture is clear in noon, expected rate hike.  Hot Sector for Today: Bank.

BTST/ STBT in Last Trade (Cash /Fut.): BHARTIARTL (Buy –304.50; SL- 300; Tgt1- 310; Tgt2- 313; Tgt3- 316)

POLARIS (Buy –172; SL- 169.50; Tgt1- 175; Tgt2- 176.50; Tgt3- 178)

Hot in Street:   Hindalco, Axisbank, Idfc, Abb, Cipla, Hdfc, Bhartiartl, M&m, Lt etc.

Result Today:   Gtoffshore, Unitech, Axisbnk, Zeel, Jindalsaw, Relinfra, Boc, Gtl, Manali petro, Statebnk of mysore, Ballarpur ind, Dic india etc.

 

SCRIPTS   (CMP)	ENTRY LEVEL	TGT1	TGT 2	SL	REMARKS
Hot Today
HCL TECH (348.40)	Must Buy At 348—342	354	357—360	338	Result today, expected to be better, Tgt 360+.
REL INFRA (1088.35)	Buy C/Fut. At 156-153	159	161—163	150	High volatility will b seen with the result today
Derivative- Future (Strategy for today)
IFCI (50.15)	Must Buy At 50—49	51	51.5—52+	Bel 48.5	Max Profits: Rs. 15000	Anytime explosion can be seen to 55+.
IFCI PA 47.50 (0.30)	Buy when you buy Fut.	Hedging Position			Max Loss: Rs. 4000
ORCHIDCHEM (152.5)	Must Buy At 152—149	155	156.5—158	Bel 147	Max Profits: Unlimited	Good for short term trader, Tgt 175-180.
………….. (……….)	………………..	Hedging Position			Max Loss: Rs. 4200
Derivative- Option Strategy
RCOM CA 170 (2.50)	Must Buy At 2.50—2	Options Trading strategy At Very Low Risk - High Gain.			Max Profits: Unlimited	Good strategy to trade for 1-2 week for gains.
RCOM PA 160 (1.35)	Sell 2 Lots with CA 170				Max Loss: Rs. 3500
Investment Pick
……….. (……) (………)	………….	…….	……….	……	……………………………….

 

Last Trade (19^th April 2010) Performance in OLC/ Nifty & BTST Calls: Total Profit/Loss: Rs. 35292.30 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 50% around 9250 on 19th 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 (12^th – 16^th Apr 2010) http://nse-bse.blogspot.com/2010/04/weekly-performance-report-including-all_17.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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