Daily News Letter Dated 24th 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 24^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: 5323.15 (6.60) Resis – 5400, 5500, 5550, 5600, 5700 Supports – 5050, 4900, 4820, 4700, 4600

SENSEX: Last Close: 17755.94 (6.25) 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.

Mkt will show one side move in 1^st half session & high volatility on both side will be seen in late noon session. Trade with strict SL & keep hedging for gain. Hot Sector for Today: IT.

BTST/ STBT in Last Trade (Cash /Fut.): IOC (Buy–349.50; SL- 345; Tgt1-353; Tgt2- 356; Tgt3- 359)

ROLTA (Buy–165.50; SL- 163; Tgt1-168; Tgt2- 169.50++)

Hot in Street— Ruchisoya, Gtlinfra, Orchidchem, Fsl, Techm, Dishtv, Educomp, Fortis, Nagarfert etc.

 

SCRIPTS   (CMP)	ENTRY LEVEL	TGT1	TGT 2	SL	REMARKS
Hot Today
CHAMBALFERT(63.4)	Must Buy At Opening	64.50	65.25—66	60	Keep an eye on fertilizer stocks, Go Long now.
POLARIS (181.60)	Buy C/Fut. At 181-178	184	185.5—187	176	Mid-cap IT stocks are on looking hot & fiery.
Derivative- Future (Strategy for today)
GTLINFRA-Jul (42.50)	Must Buy At 42.5—41	43.5	44—45	Bel 40	Max Profits: Rs. 13000	Very good buying seen in last trade.
……………… (…….)	………………..	Hedging Position			Max Loss: Rs. 4850
PUNJLLOYD (127.05)	Buy July Fut. 127—124	129.5	131—133	Bel 122	Max Profits: Unlimited	Good for day trader, Trade in July Futz.
………… (………)	…………	Hedging Position			Max Loss: Rs 3000
Derivative- Option Strategy
MLL-Jun CA47.5 (0.70)	Must Buy At 0.70—0.5	Options Trading strategy At Very Low Risk - High Gain.			Max Profits: Unlimited	Trade in bulk today for good gain with exp.
MLL-Jun PA 45 (0.25)	Sell 2 Lot with CA 47.5				Max Loss: Rs. 1000

 

Last Trade (23^rd June 2010) Performance in OLC/ Nifty & BTST Calls: Total Profit/Loss: Rs 30171.20 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