Daily News Letter Dated 8th 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 8^th April 2010

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Advice: Book profits in Day-trade at gain of 2--3% in stock (Cash/Fut.) & don’t take risk with your money.

NIFTY: Last Close: 5372.20 (6.20) Resis – 5400, 5500, 5650, 5725, 5850 Supports – 5150, 5050, 4900, 4820, 4700

SENSEX: Last Close: 17970.02 (28.65) Resis – 18000, 18150, 18300, 18500 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 show high volatility & next hurdle will be seen around 5420-5450 levels. The trend is up but one should have caution here & remain in cash.  Hot Sector for Today: Auto & Power.

BTST/ STBT in Last Trade (Cash /Fut.): IDFC (Sell –173.50; SL- No Sl; Booked Partial At 172 Same Day)

 ITC CA 270 (Buy –4; SL- No Sl; Booked 50% At 5.50 Same Day)

 ICSA (Buy –136; SL- No Sl; Booked Partial At 137.50 Same Day)

Hot in Street:  Appolotyres, Albk, Ekc, Bharatforge, Gail, Icsa, Pirhealth, Bnkindia, Hoteleela, Powergrid etc.

Result Today: Crest Animation Studios Ltd., Nissan Copper Ltd., Murli Industries Ltd., HEG Ltd. etc.

 

SCRIPTS   (CMP)	ENTRY LEVEL	TGT1	TGT 2	SL	REMARKS
Hot Today
APOLLO TYRE (81.30)	Must Buy At 81—79	82.50	83.20—84	78	Stock is expected to rise further toward 85-87.
OPTOCIRCUIT (222.0)	Buy C/Fut. At 222-217	226	228—230	215	One can go long for Tgt 240-250 soon, SL 210.
Derivative- Future (Strategy for today)
KOTAKBANK (784.10)	Must Buy At 784—772	797	805—812	Bel 765	Max Profits: Rs. 15000	Highly oversold on charts, expect rise.
………… (……….)	………………..	Hedging Position			Max Loss: Rs. 4000
CNXIT (5949.95)	Sell On Rise up to 6050	5900	5850-5800	Abv 6100	Max Profits: Unlimited	Anytime free can be seen, sell on evry rise
…….. (……)	Buy when you buy Fut.	Hedging Position			Max Loss: Rs. 5000
Derivative- Option Strategy
NIFTY PE5400 (84.70)	Must Buy At 80--65	Options Trading strategy At Very Low Risk - High Gain.			Max Profits: Unlimited	Trade & hold till Apr expiry for good gain.
NIFTY CE5400 (65.40)	Buy 1 Lot with PE5400				Max Loss: Rs. 4000
Investment Pick
……….. (……) (………)	………….	…….	……….	……	……………………………….

 

Last Trade (7^th April 2010) Performance in OLC/ Nifty & BTST Calls: Total Profit/Loss: Rs.45876.00 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)
……………… (9482.00)	Sell At Rise 9550-9700	9200	9050-8900	9850	Overbought on chart, free fall expected soon.
……………. (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 (29^th Mar – 2^nd Apr 2010) http://nse-bse.blogspot.com/2010/04/weekly-performance-report-including-all.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 (Mar) http://nse-bse.blogspot.com/2010/04/monthly-performance-report-commodity.html

Disclaimer – India Stock {A unit of India Business Network (IBN) Services, New Delhi} has taken due care and caution in compilation of data for its members. Information has been obtained by the company from sources which it considers reliable. We might not hold any positions in above stocks in Cash/ Derivatives. However, India Stock does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information. India Stock especially states that it has no financial liability whatsoever to any user on account of the use of information provided on its News Letter or website. You are responsible for your own investment decisions. India Stock will not be responsible for any errors or omissions in articles or postings, for hyperlinks embedded in messages, or for any results obtained from the use of such information. India Stock will not be liable for any loss or damage caused by a reader's reliance on information obtained in our area, or in a hyperlinked area. By: India Stock (A Unit of IBN Services, New Delhi). Write to: ibnservices@gmail.com Visit: http://ibnservices.blogspot.com/ OR http://www.ibnservices.in/ Call: (91) 9899909899