Daily News Letter Dated 23rd 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 23^rd 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: 5316.55 (36.75) Resis – 5400, 5500, 5550, 5600, 5700 Supports – 5050, 4900, 4820, 4700, 4600

SENSEX: Last Close: 17749.69 (126.86) Resis – 18000, 18300, 18500, 18850 Supports – 17000, 16550, 16300, 16000

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

Finally bears had upper hand in last trade & further profit booking cannot be ruled out till F&O expiry. One can sell on rise with SL 5400 on closing basis. Hot Sector for Today: Sugar.

BTST/ STBT in Last Trade (Cash /Fut.): BALRAMCHIN (Buy–79.50; SL- No SL; Tgt1-81.50 & Abv)

Hot in Street— Bpcl, Hindpetro, Ioc, Biocon, Mrpl, Dabur, Recltd, Mcleodrus, Ranbaxy, Nationallum etc.

 

SCRIPTS   (CMP)	ENTRY LEVEL	TGT1	TGT 2	SL	REMARKS
Hot Today
RENUKA (68.75)	Must Buy At 68.5—67	70	71—72	66	Sugar stocks r looking hot, buy in bulk today.
ORCHIDCHEM (155.4)	Buy C/Fut. At 155-152	158	159.5—161	150	Any time big blast expected toward 175-190+.
Derivative- Future (Strategy for today)
ESSAROIL (129.60)	Must Buy At 129—126	132.5	134—137	Bel 124	Max Profits: Unlimited	Good scrip 4 trader, Buy with hedging.
ESSAROIL PA130 (1.7)	Buy when you buy Fut.	Hedging Position			Max Loss: Rs. 2500
PETRONET (77.55)	Buy At 77.5—76	79	80—81+	Bel 75	Max Profits: Unlimited	All oil stocks are looking hot this wk.
………… (………)	…………	Hedging Position			Max Loss: Rs 4400
Derivative- Option Strategy
RNRL PA 65 (1.65)	Must Buy At 1.50—1.0	Options Trading strategy At Very Low Risk - High Gain.			Max Profits: Unlimited	One can trade & hold long till F&O expiry.
RNRL CA 70 (0.45)	Sell 2 Lots with PA 65				Max Loss: Rs. 5300

 

Last Trade (22^nd June 2010) Performance in OLC/ Nifty & BTST Calls: Total Profit/Loss: Rs 26662.50 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

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