Daily News Letter Dated 16th 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 16^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: 5222.35 (24.65) Resis – 5250, 5400, 5450, 5530, 5600 Supports – 4900, 4820, 4700, 4600, 4500

SENSEX: Last Close: 17412.83(74.66) 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.

Mkt will show strong opening toward 5250 levels but it is dangerous to remain long or buy here. We caution to book profits & sell at rise to remain safe. Hot Sector for Today: Bank.

BTST/ STBT in Last Trade (Cash /Fut.): APPOLOTYRE (Buy–65.50; SL- 65; Tgt1-67.50 Tgt2-68.25, Tgt3-69)

HINDALCO (Buy–144; SL- No SL; Tgt1-146 Tgt2-147, Tgt3-148)

Hot in Street— Relmedia, Hdil, Rpower, Suzlon, Ttml, Ster, Unitech, Rcom, Dlf, Renuka, Mtnl, Itc, Brfl etc.

SCRIPTS   (CMP)	ENTRY LEVEL	TGT1	TGT 2	SL	REMARKS
Hot Today
PUNJLLOYD (121.05)	Must Buy At 121—118	124	125.5—127	115	Highly oversold, just grab for Tgt 130-135+.
SAIL (201.45)	Buy C/Fut. At 201-197	205	207—209	195	Metal stocks, sply. Steel are looking for a rally.
Derivative- Future (Strategy for today)
MCDOWELL (1253.20)	Must Buy At 1250-1225	1275	1287-1300	Bel 1210	Max Profits: Unlimited	Good for day trader, keep SL & trade.
………..  (…………)	……………………...	Hedging Position			Max Loss: Rs. 3750
BANKINDIA (337.50)	Grab At 337—332	343	346—349	Bel 329	Max Profits: Unlimited	All mid-cap banking stocks will rise today
…………..  (……)	………………	Hedging Position			Max Loss: Rs 2850
Derivative- Option Strategy
ICICIBK CA860 (16.05)	Must Buy At 16—12	Options Trading strategy At Very Low Risk - High Gain.			Max Profits: Unlimited	One can trade & hold long till F&O expiry.
ICICIBK CA 900 (4.30)	Sell 2 Lots with CA 860				Max Loss: Rs. 7000

 

Last Trade (15^th June 2010) Performance in OLC/ Nifty & BTST Calls: Total Profit/Loss: Rs 55890.40.00 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	Book 50% around 118-119 & revise SL at 110.
……………. (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 75%  profits around 68, SL cost2cost
BAJAJ HIND (106.45)	Grab At 105—100	115	120—125	97	Booked 50% profit at 115 & revise SL 105.

 

Weekly Perf Report (7^th – 11^th June) http://nse-bse.blogspot.com/2010/06/weekly-performance-report-including-all_11.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

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