Daily News Letter Dated 21st 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 21^st June 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: 5262.60 (12.25) Resis – 5330, 5400, 5500, 5550, 5600 Supports – 5050, 4900, 4820, 4700, 4600

SENSEX: Last Close: 17570.82(45.87) Resis – 17800, 18000, 18300, 18500 Supports – 17000, 16550, 16300, 16000

Sensex Range This Week: 17000 - 17900 above which it will touch 18000 & Below Tgt 16500; Resis at 18000 closing.

Today the Mkt will trade in –ve territory with volatility during mid-day. We can see sell-off & profit booking at higher levels, one should short sell today. Hot Sector for Today: Power.

BTST/ STBT in Last Trade (Cash /Fut.): JSWSTEEL (Sell–1045; SL- No SL; Tgt1-1030, Tgt2-1020, Tgt3-1010)

IDBI (Buy–116.5; SL- 115; Tgt1-119, Tgt2-120.25, Tgt3-121.50)

Hot in Street— Bgrenergy, Sintex, Bankindia, Onmobile, Herohonda, Ekc, Geship, Bhel , Renuka, Lt etc.

 

SCRIPTS   (CMP)	ENTRY LEVEL	TGT1	TGT 2	SL	REMARKS
Hot Today
EDUCOMP (515.60)	Must Buy At 515-500	525	530—537	490	Short covering can take the stock toward 550+
NEYVELILIG (156.65)	Buy C/Fut. At 156-152	160	162—165	150	All power stocks can show real power this wk.
Derivative- Future (Strategy for today)
MLL (46.00)	Must Buy At 46—45	47	47.50—48	Bel 44	Max Profits: Unlimited	Keep an eye today, expected good rise.
………..  (…………)	……………………...	Hedging Position			Max Loss: Rs. 4900
BPCL (523.45)	Sell on rise up to 540	510	505—500	Abv 550	Max Profits: Unlimited	All Oil Mktg stocks will show free fall.
BPCL CA 540 (3.50)	Buy when you sell Fut.	Hedging Position			Max Loss: Rs 5500
Derivative- Option Strategy
RELCAP PA 740 (19.0)	Must Buy At 18—15	Options Trading strategy At Very Low Risk - High Gain.			Max Profits: Unlimited	One can trade & hold long till F&O expiry.
RELCAP CA 760 (6.00)	Sell 2 Lots with CA 740				Max Loss: Rs. 3500

 

Last Trade (18^th June 2010) Performance in OLC/ Nifty & BTST Calls: Total Profit/Loss: Rs 35255.40.00 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 114.
PUNJ LLOYD (120.05)	Must Buy At 117—112	130	134—139	105	Book partial around 127 & revise SL at 120.
RNRL (52.40)	Accumulate At 52—50	57	60—63	Bel 48	Booked max profits around 70, SL at 65.
BAJAJ HIND (106.45)	Grab At 105—100	115	120—125	97	Booked 75% profit at 118 & revise SL 110.

 

Weekly Perf Report (14^th – 18^th June) http://nse-bse.blogspot.com/2010/06/weekly-performance-report-including-all_5385.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