Daily News Letter Dated 11th May 2010---Gain from us. Visit: http://www.ibnservice.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 11^th May 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: 5193.60 (175.55) Resis – 5250, 5400, 5450, 5530, 5600 Supports – 4900, 4820, 4700, 4600, 4500

SENSEX: Last Close: 17330.55 (561.44) Resis – 17500, 18100, 18300, 18500 Supports – 16550, 16300, 16000, 15700

Sensex Range This Week: 16300 - 17500 above which it will touch 18000 & Below Tgt 15700; Resis at 18000 closing.

Today the Mkt can show further rally but it will be again a selling opportunity. The rally may fizzle out in a day or two, Nifty will face hurdle at 5350. Hot Sector for Today: Infra & Bank.

BTST/ STBT in Last Trade (Cash /Fut.): PATELENG (Buy –426.50; SL- No Sl ; Booked Partial At 435 Same Day)

IDBI (Buy –121.70; SL- 119.50; Tgt1-124; Tgt2- 125.25; Tgt3- 126.50)

Hot in Street--   Litl, Jswsteel, Tatasteel, Unitech, Ivrclinfra, Dishtv, Hdil, Relinfra, Hindalco, Kotakbnk etc.

Result Today:  Ranbaxy, Kotakbnk, Hindalco, Bajajhind, Til ltd, Bajajauto finance, Seamec ltd etc.

 

SCRIPTS   (CMP)	ENTRY LEVEL	TGT1	TGT 2	SL	REMARKS
Hot Today
GMR INFRA (62.55)	Must Buy At 62.5—61	64	65—66	Bel 60	All infra stocks are showing strength & up side
ITC (261.85)	Buy At 261—257	266	268—270	255	Good scrip for traders today, Must Buy at dips
Derivative- Future (Strategy for today)
IFCI (52.05)	Must Buy At 52—51	53	53.50—54	Bel 50	Max Profits: Unlimited	+ve news are flowing in the street, Tgt 55+
IFCI PA 50 (1.10)	Buy when you buy Fut.	Hedging Position			Max Loss: Rs. 8000
MRPL (75.10)	Buy At Dips 74.5—73	76.50	77.25—78	Bel 72	Max Profits: Rs. 15000	We see a very good buying for Tgt 80-82
………… (………..)	………..	Hedging Position			Max Loss: Rs 4450
Derivative- Option Strategy
STER CA 780 (17.90)	Must Buy At 17—12	Options Trading strategy At Very Low Risk - High Gain.			Max Profits: Unlimited	Trade & hold 3-5 day for super-duper gains.
STER CA 840 (6.00)	Sell 2 Lots with CA 780				Max Loss: Rs. 5000
Investment Pick
……….. (……) (………)	………….	…….	……….	……	……………………………….

 

Last Trade (10^th May 2010) Performance in OLC/ Nifty & BTST Calls: Total Profit/Loss: Rs 135748.20 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 (May 2010)
ICICI BANK (950.50)	Sell At Rise 960—990	910	885—870	1010	Booked 75% at 870 on 7th sell more on rise.
RNRL (70.05)	Must Buy At 70—67	74	77—80	70	Booked part at 74 on 4th May, add more on dip
NIFTY (5260.50)	Must Sell At 5260—5350	5050	4910-4750	5440	Booked 75% around 4980 sell more on rise.
CNXIT (5955.00)	Sell At 5970—6050	5700	5600-5500	6150	Booked 50% around 5700, sell more on rise.

 

Weekly Perf Report (3^rd – 7^th May 2010) http://nse-bse.blogspot.com/2010/05/weekly-performance-report-including-all.html

Monthly Perf Report Equity Calls (April): http://nse-bse.blogspot.com/2010/04/monthly-performance-report-including.html

Monthly Performance Report-Nifty (April): http://nse-bse.blogspot.com/2010/04/monthly-performance-report-nifty.html

Monthly Commodity Call Report (April) http://nse-bse.blogspot.com/2010/05/monthly-performance-report-commodity.html

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