Daily News Letter Dated 8th 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 8^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: 5034.00 (101.50) Resis – 5250, 5400, 5450, 5530, 5600 Supports – 4900, 4820, 4700, 4600, 4500

SENSEX: Last Close: 16781.07 (336.62) 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 recovery after opening flat to –ve. Intra-day traders can buy at dips today for gain with recovery in later trades. But one should avoid long. Hot Sector for Today: Bank.

BTST/ STBT in Last Trade (Cash /Fut.): TECHM (Buy–710; SL- No SL; Tgt1-730 Tgt2-735, Tgt3-740)

Hot in Street— Ruchisoya, Rcom, Gtlinfra, Denabank, Ucobank, Vijayabank, Techm, Dabur, Acc etc.

SCRIPTS   (CMP)	ENTRY LEVEL	TGT1	TGT 2	SL	REMARKS
Hot Today
TATA CHEM (313.65)	Must Buy At 312—305	318	321—324	302	One can buy n hold for Tgt 350 very soon.
GTL INFRA (39.95)	Buy C/Fut. At 39.80-39	40.50	41—41.50	38.50	One of our favorite pick for short term, Tgt 50.
Derivative- Future (Strategy for today)
EDUCOMP (523.00)	Must Buy At 520—510	532	537—545	Bel 500	Max Profits: Rs. 8000	Scrip is oversold on chart, Soon Tgt 600.
EDUCOM CA 500(20.1)	Buy when you buy Fut.	Hedging Position			Max Loss: Rs. 3750
RCOM (176.40)	Buy At 175—170	179	181—183	Bel 167	Max Profits: Unlimited	Stock will show sharp moves today.
RCOM PA 170 (7.45)	Buy when you buy Fut.	Hedging Position			Max Loss: Rs 2100
Derivative- Option Strategy
NIFTY CE 5000 (125.2)	Must Buy At 120—100	Options Trading strategy At Very Low Risk - High Gain.			Max Profits: Unlimited	Keep SL 4900 on spot closing basis & hold.
NIFTY PE 4800 (49.50)	Sell 2 Lot with CE5000				Max Loss: Rs. 5000

 

Last Trade (7^th June 2010) Performance in OLC/ Nifty & BTST Calls: Total Profit/Loss: Rs 47319.40.00 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)
…………. (113.70)	Buy At Dips to 112—107	122	127—132	104	One can buy at every dip for Tgt 130-140 soon.
…………….. (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