Daily News Letter Dated 23rd 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 23^rd April 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: 5269.35 (24.45) Resis – 5400, 5450, 5530, 5600, 5750 Supports – 5200, 5050, 4900, 4820, 4700

SENSEX: Last Close: 17573.99 (101.43) 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.

Mkt will volatility further with both side movements. Intra-day traders can enjoy benefit by trading both sides today but remain light in your positions.  Hot Sector for Today: Banking.

BTST/ STBT in Last Trade (Cash /Fut.): INDIANBANK (Buy –189; SL- No Sl; Tgt1- 192.50; Tgt2- 194; Tgt3- 195.50)

 Hot in Street:  Sbin, Ucobank, Tatamotors, Bankbaroda, Suntv, Sail, Zeel, Bankindia, Denabank, Ptc etc.

Result Today:   Prakashind, Wipro, Ranbaxy, Reliance, Binanicement, Areva T&d, Pirmal glass ltd etc.

 

SCRIPTS   (CMP)	ENTRY LEVEL	TGT1	TGT 2	SL	REMARKS
Hot Today
DCHL (154.05)	Must Buy At 154—151	157	158.5—160	149	Media stocks r catching attention in the street.
GODREJ IND (170.50)	Buy C/Fut. At 170-167	173.50	175—177	165	Short covering expected & can show 180-185.
Derivative- Future (Strategy for today)
CANBK (399.25)	Must Buy At 399—394	405	409—413	Bel 390	Max Profits: Rs. 11000	All banking stocks are looking hot.
………… (……..)	……………….	Hedging Position			Max Loss: Rs. 3200
AREVAT&D (292.70)	Buy At 292—288	297	299.5—302	Bel 285	Max Profits: Unlimited	Result can show the sharp movement.
……………. (…….)	…………...	Hedging Position			Max Loss: Rs. 2250
Derivative- Option Strategy
IDBI CA 120 (2.60)	Must Buy At 2.50—2.0	Options Trading strategy At Very Low Risk - High Gain.			Max Profits: Unlimited	Trade & hold till F&O expiry for good gains.
IDBI PA 120 (1.40)	Buy 1 Lot with CA 120				Max Loss: Rs. 4800
Investment Pick
……….. (……) (………)	………….	…….	……….	……	……………………………….

 

Last Trade (22^ndApril 2010) Performance in OLC/ Nifty & BTST Calls: Total Profit/Loss: Rs. 39725.00 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 (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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