Daily News Letter Dated 16th July 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 July 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: 5378.75 (7.40) Resis – 5400, 5500, 5550, 5600, 5700 Supports – 5200, 5050, 4900, 4820, 4700

SENSEX: Last Close: 17909.46 (28.70) Resis – 18000, 18300, 18500, 18850 Supports – 17500, 17000, 16550, 16300

Sensex Range This Week: 170000 - 18250 above which it will touch 18500 & Below Tgt 16500; Resis at 18000 closing.

Mkt will show a sideways opening with bearish sentiment in 1^st half session. We can see sharp swings in last hours of the session; one can sell on rise for gain. Hot Sector for Today: Auto.

BTST/ STBT in Last Trade (Cash /Fut.): CANBK (Buy–469; SL- NO SL; Book Partial At 474.50 Same day)

 RELINFRA (Buy–1156; SL- NO SL; Exit Cost2cost Same Day)

Hot in Street— Lichsgfin, Ashokley, Dchl, Unionbank, Axisbank, Educomp, Bankindia, Brfl, Sintex etc.

Result Today—Rallis Indialtd, Vsttec ltd, Chambalfert, Kdl Biotech, Supreme Ind, Nava Bharat Ventures etc

 

SCRIPTS   (CMP)	ENTRY LEVEL	TGT1	TGT 2	SL	REMARKS
Hot Today
GVKPIL (45.90)	Must Buy At 45.75—45	46.80	47.30—48	44	Ready to catch fire & final Tgt 48-50 in hours.
TATA STEEL (511.30)	Buy At 510—502	519	524—529	495	All steel stocks are looking to show momentum
Derivative- Future (Strategy for today)
PIRHEALTH (509.00)	Must Buy At 507—500	518	523—530	Bel 490	Max Profits: Rs. 10000	Good scrip for intra day traders, Tgt 530.
……………… (………)	………………	Hedging Position			Max Loss: Rs. 5000
ASHOKLEY (70.70)	Buy At 70.50—69	72	73—74	Bel 68	Max Profits: Unlimited	Stock can rise toward 75+ levels.
ASHLEY CA 75 (0.80)	Sell when you buy Fut.	Hedging Position			Max Loss: Rs 4000
Derivative- Option Strategy
IFCI CA 60 (1.20)	Must Buy At 1.10—0.8	Options Trading strategy At Very Low Risk - High Gain.			Max Profits: Unlimited	Trade & Hold for 1-2 weeks for good gains.
IFCI PA 55 (0.55)	Sell 2 Lots with CA 60				Max Loss: Rs. 5000

 

Last Trade (15^th July 2010) Performance in OLC/ Nifty & BTST Calls: Total Profit/Loss: Rs 33050.00 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 (July 2010)
ESSAROIL (141.05)	Buy At Dips to 138—133	153	157—165	129	Booked partial at 144, Revise SL at cost 2 cost.
TATACOMM (262.15)	Must Buy At 260—250	280	287—295	245	Booked 75% at 292, Revise SL at cost 2 cost.
BANKNIFTY (9505.00)	Sell At 9600—9750	9200	9000-8750	9850	Bank Nifty SL hit, Pls exit now at any dip.
NAGARJUNFER (31.9)	Grab Bulk At 31—29.5	34.5	36—37.5	28.5	Booked partial at 35, Revise SL at cost 2 cost.

 

Weekly Perf Report (5^th – 9^th July) http://nse-bse.blogspot.com/2010/07/weekly-performance-report-including-all_3445.html

Monthly Perf Report Equity Calls (June): http://nse-bse.blogspot.com/2010/06/monthly-performance-report-including.html

Monthly Performance Report-Nifty (June): http://nse-bse.blogspot.com/2010/06/monthly-performance-report-nifty.html

Monthly Commodity Call Report (June) http://nse-bse.blogspot.com/2010/06/monthly-performance-report-commodity.html

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