Daily News Letter Dated 10th June 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 10^th June 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: 16657.89 (40.79) Resis – 5250, 5400, 5450, 5530, 5600 Supports – 4900, 4820, 4700, 4600, 4500

SENSEX: Last Close: 5000.30 (13.20) Resis – 17500, 18100, 18300, 18500 Supports – 16500, 16300, 16000, 15700

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

Nifty will show gap up opening towards 5030-5050+ levels but high volatility & sea-saw movement expected around 1-2p.m. Keep SL with your trades. Hot Sector for Today: Metal.

BTST/ STBT in Last Trade (Cash /Fut.): RENUKA (Sell–64.10; SL- 65.50; Tgt1-63 Tgt2-62.40, Tgt3-61.80)

SESAGOA (Buy–345; SL- 342; Tgt1-353 Tgt2-356, Tgt3-360)

Hot in Street—Bhartiartl, Brfl, Gtl, Bhartforge, Ster, Orchidchem, Tatasteel, Sesagoa, Pfc, Voltas, Acc etc.

 

SCRIPTS   (CMP)	ENTRY LEVEL	TGT1	TGT 2	SL	REMARKS
Hot Today
HINDALCO (133.0)	Must Buy At 133—130	136	137.5—139	128	Stock can show good bounce up to 140-145+.
SAIL (192.55)	Buy C/Fut. 192.5—189	196	198—200	187	If Mkt holds then steel stocks will rise faster.
Derivative- Future (Strategy for today)
JPASSOCIAT (119.95)	Must Buy At 120—117	122.50	124—125.5	Bel 115	Max Profits: Unlimited	Keep an eagle eye, expected good rise.
JPASSOC PA110 (1.95)	Sell when you buy Fut.	Hedging Position			Max Loss: Rs. 3500
BIOCON (288.15)	Buy At 288—283	293	296—299	Bel 280	Max Profits: Unlimited	Oversold on charts, trade with the trend.
………..  (……....)	…………………	Hedging Position			Max Loss: Rs 5400
Derivative- Option Strategy
MTNL CA 55 (1.50)	Must Buy At 1.40—1.0	Options Trading strategy At Very Low Risk - High Gain.			Max Profits: Unlimited	One can trade & hold long till F&O expiry.
MTNL CA 60 (0.50)	Sell 2 Lots with CA 55				Max Loss: Rs. 3200

 

Last Trade (9^th June 2010) Performance in OLC/ Nifty & BTST Calls: Total Profit/Loss: Rs 51967.40.00 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 (June 2010)
IDBI (113.70)	Buy At Dips to 112—107	122	127—132	104	One can buy at every dip for Tgt 130-140 soon.
PUNJ LLOYD (120.05)	Must Buy At 117—112	130	134—139	105	Stock can be good bet around 117-110 to grab.
RNRL (52.40)	Accumulate At 52—50	57	60—63	Bel 48	Booked partial profits around 55, SL cost2cost
BAJAJ HIND (106.45)	Grab At 105—100	115	120—125	97	Booked partial profit at 112 & revise SL 105.

 

Weekly Perf Report (31^st – 4^th June 2010) http://nse-bse.blogspot.com/2010/06/weekly-performance-report-including-all.html

Monthly Perf Report Equity Calls (May): http://nse-bse.blogspot.com/2010/05/monthly-performance-report-including.html

Monthly Performance Report-Nifty (May): http://nse-bse.blogspot.com/2010/05/monthly-performance-report-nifty.html

Monthly Commodity Call Report (May) http://nse-bse.blogspot.com/2010/05/monthly-performance-report-commodity_31.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