Daily News Letter Dated 6th 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 6^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: 5124.90 (23.60) Resis – 5400, 5450, 5530, 5600, 5750 Supports – 5050, 4900, 4820, 4700, 4600

SENSEX: Last Close: 17087.96 (49.18) Resis – 18150, 18300, 18500, 18750 Supports – 16800, 16550, 16300, 16000

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

Mkt has turned bearish & everyone is turning into bearish sentiment, but we were firm for same from last 3 weeks. Nifty will soon fall toward 4800-4700. Hot Sector for Today: Banking.

BTST/ STBT in Last Trade (Cash /Fut.): TATASTEEL (Buy –568; SL- No Sl; Booked Partial At 577 Same Day)

Hot in Street:   Andhrabnk, Ucobnk, Indianbnk, Patni, Sesagoa, Denabnk, Icsa, Apollo tyres, Vijyabnk   etc.

Result Today: Pnb, Unionbnk, Drready, Bharatbijli ltd, Repro india ltd, Gkwltd, Vardhman holdings ltd  etc.

 

SCRIPTS   (CMP)	ENTRY LEVEL	TGT1	TGT 2	SL	REMARKS
Hot Today
BALRAM CHIN (75.0)	Must Buy At 74—72	76.5	77.25—78	71	All sugar stocks can show bounce & recovery.
JP ASSOCIAT  (133.6)	Buy C/Fut. At 132-128	135	136.5—138	125	Stock can find good support around 125 today.
Derivative- Future (Strategy for today)
ORCHIDCHEM (154.2)	Must Buy At 154—150	157	158.5—160	Bel 148	Max Profits: Rs. 12000	One can buy at dip for good bounce up.
………… (………….)	………………	Hedging Position			Max Loss: Rs. 4200
NEYVELILIG (148.0)	Buy At Dips to 147-144	151	152.5—154	Bel 142	Max Profits: Unlimited	Traders should keep an eye today 4 gain.
…………. (………..)	…………………….	Hedging Position			Max Loss: Rs 2950
Derivative- Option Strategy
IFCI CA 52.50 (2.00)	Must Buy At 1.80—1.5	Options Trading strategy At Very Low Risk - High Gain.			Max Profits: Unlimited	Trade & hold 4-7 day for super-duper gains.
IFCI PA 50 (0.90)	Buy 1 Lot with CA 52.5				Max Loss: Rs. 7000
Investment Pick
……….. (……) (………)	………….	…….	……….	……	……………………………….

 

Last Trade 5^th  May 2010) Performance in OLC/ Nifty & BTST Calls: Total Profit/Loss: Rs 219603.00 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 (May 2010)
ICICI BANK (950.50)	Sell At Rise 960—990	910	885—870	1010	Booked 50% at 885 on 5th, 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 50%  around 5050, sell more on rise.
CNXIT (5955.00)	Sell At 5970—6050	5700	5600-5500	6150	Booked partial around 5770, sell more on rise.

 

Weekly Perf Report (26^th – 30^th Apr 2010) http://nse-bse.blogspot.com/2010/04/weekly-performance-report-including-all_30.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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