Daily News Letter- Dated 30th August 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 August 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: 5408.70 (69.20) Resis – 5550, 5600, 5700, 5750, 5900 Supports – 5350, 5300, 5200, 5050, 4900

SENSEX: Last Close: 17998.41 (227.94) Resis – 18500, 18850, 19000, 19500 Supports – 17800, 17500, 17000, 16500

Sensex Range This Week: 17750 - 18500 above which it will touch 18800 & Below Tgt 17300; Support at 17750 closing.

Nifty will show a bounce back in opening trade but profit booking can be seen in mid-session. Further panic selling in coming days is expected, avoid long. Hot Sector for Today: Oil-Gas.

BTST/ STBT in Last Trade (Cash /Fut.): IBREALEST (Sell–174; SL- No SL; Booked Partial At 172 Same Day)

BPCL (Sell –771; SL- No SL; Exited At 773 Same Day)

Hot in Street— Ispatind, Gail, Cumminsind, Ongc, Bgrenergy, Pantaloon, Ioc, Bpcl, Hindpetro, Tatasteel etc.

Result Today--- Todays writting products, Birla power solutions, Shri lakshmi cotsyn, Grand foundry etc.

 

SCRIP CODE (CMP)	ENTRY LEVEL	TGT1	TGT 2	SL	TREND
Hot Today
GAIL (459.45)	Must Buy At 459—452	467	471—475	448	Grab in opening trade for good rise intra-day.
RELIANCE (949.75)	Buy C/Fut. At 950-930	967	976—985	920	Highly oversold on charts, Buy and hold long.
Derivative- Future (Strategy for today)
TATASTEEL (510.45)	Must Buy At Opening	520	525—530	Bel 500	Max Profits: Unlimited	All steel & metal stocks look bullish.
TATASTL PA500 (14.7)	Buy when you buy Fut.	Hedging Position			Max Loss: Rs  5000
RELCAPITAL (749.00)	Buy At 749—736	763	770—777	Bel 728	Max Profits: Rs. 15000	One can go long for Tgt 800+ very soon.
RELCAP PA 740 (23.0)	Buy when you buy Fut.	Hedging Position			Max Loss: Rs. 4000
=Derivative- Option Strategy
STER CA 160 (3.95)	Buy in Bulk At 4—3	Options Trading strategy At Very High Risk - High Gain.			Max Profits: Unlimited	Buy & hold for 1-2 weeks for good gain.
STER PA 140 (2.45)	Sell 2 Lot with CA 160				Max Loss: Rs 3000

 

Last Trade (27^th August 2010) Performance in OLC/ Nifty & BTST Calls: Total Profit/Loss: Rs. 66300.00 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 (August 2010)
INDIACEMENT(106.6)	Must Buy At 105—101	114	118—122	98	Booked 50% profits at 110 & revise SL at 100.
BAJAJ HIND (115.25)	Buy At 114—110	124	128—133	105	Tg21 hit on 23rd Aug book 75% profits here.
FORTIS (155.50)	Buy At 154—148	162	166—170	Bel 145	Tgt2 hit on 23rd Aug book 75% profits here.
MTNL (67.35)	Grab in Bulk At 66—63	72	75—78	Bel 60	Sleeping tiger, Worst is over for the stock T 90.

 

Weekly Performance Report (23^rd - 27^th Aug) http://nse-bse.blogspot.com/2010/08/weekly-performance-report-including-all_27.html

Monthly Performance Equity Calls (July): http://nse-bse.blogspot.com/2010/07/monthly-performance-report-including.html

Monthly Performance All Nifty Calls (July): http://nse-bse.blogspot.com/2010/07/monthly-performance-report-nifty.html

Monthly Performance Comm. Calls (July) http://mcx-ncdex.blogspot.com/2010/07/monthly-performance-report-commodity.html

 

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