Daily News Letter Dated 30th July 2010---Gain from us. Visit: http://www.ibnservices.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 30^th July 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: 5408.90 (11.35) Resis – 5500, 5550, 5600, 5700, 5850 Supports – 5300, 5200, 5050, 4900, 4820

SENSEX: Last Close: 17992.00 (34.63) Resis – 18300, 18500, 18850, 19000 Supports – 17750, 17500, 17000, 16550, \

Sensex Range This Week: 17000 - 18250 above which it will touch 18500 & Below Tgt 16500; Resis at 18000 closing.

Mkt can show profit booking with Nifty facing support at 5380—5350 levels. We can see recovery in mid- session but closing will show selling pressure. Hot Sector for Today: Bank.

BTST/ STBT in Last Trade (Cash /Fut.): IDBI (Buy–119; SL- 117; Tgt1-121.50, Tgt2- 123 & Abv)

Hot in Street— Petronet, Ttml, Orientbank, Ifci, Apollotyres, Gspl, DrreaddyAlbk, Hdfc, Icicibank etc.

Result Today—   Sci, Tatachem, Tv-18, Hcc, Rnrl, Bpcl, Relinfra, Abb, Rpower etc.

 

SCRIP CODE (CMP)	ENTRY LEVEL	TGT1	TGT 2	SL	TREND
Hot Today
BALRAMCHIN (80.05)	Must Buy At 80—78	81.50	82.25—83	77	All sugar stocks are looking sweet for upside.
BANKINDIA (411.05)	Buy C/Fut. At 409-402	417	421—425	398	Result today, expected to show big blast to 430.
Derivative- Future (Strategy for today)
BIOCON (316.30)	Must Sell At 316—322	310	307—304	Abv 325	Max Profits: Unlimited	Stock can slide toward 300 levels.
……………… (…….)	………………..	Hedging Position			Max Loss: Rs  3000
ICICIBANK (928.75)	Grab At 925—910	942	950—960	Bel 900	Max Profits: Unlimited	Super hot scrip for day traders, Tgt 960
………………  (………)	Buy when you sell Fut.	Hedging Position			Max Loss: Rs 2500
Derivative- Option Strategy
IDBI CA 120 (3.80)	Must Buy At 3.5—3	Options Trading strategy At Very Low Risk - High Gain.			Max Profits: Unlimited	One can trade & hold for 4-7 trading session.
IDBI CA 130 (1.10)	Sell 2 Lots with CA 120				Max Loss: Rs 6000

 

Last Trade (29^th July 2010) Performance in OLC/ Nifty & BTST Calls: Total Profit/Loss:Rs.30500.00 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 (19^th – 23^rd July) http://nse-bse.blogspot.com/2010/07/weekly-performance-report-including-all_23.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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