Daily News Letter Dated 24th September 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 September 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: 5959.55 (31.45) Resis – 6030, 6100, 6200, 6300, 6400 Supports – 5650, 5500, 5350, 5260, 5200

SENSEX: Last Close: 19861.01 (80.71) Resis – 20000, 20300, 20650, 21000 Supports – 18800, 18300, 17800, 17500

Sensex Range This Week: 19000 - 20000 above which it will touch 21000 & Below Tgt 18500; Support at 19000 closing.

Market will remain volatile today with bearish sentiment in the street. One can sell on rise around 6000—6020 mark & hold until expiry for Tgt 5850-5800. Hot Sector Today: Auto.

BTST/ STBT in Last Trade (Cash /Fut.): TATASTEEL (Buy– 624.50; SL- No Sl; Tgt1- 630; Tgt2- 635+)

NAGARCONST (Buy– 166.50; SL- No Sl; Tgt1- 169; Tgt2- 171+)

Hot in Street —Kfa, Ptc, Lupin, Punjlloyd, Orchidchem, Mll, Crompgreave, Ruchisoya, Nagarconst etc.

 

SCRIP CODE (CMP)	ENTRY LEVEL	TGT1	TGT 2	SL	TREND
Hot Today
GMR INFRA (58.50)	Must Buy At 58.5—57	59.5	60—61	56	Keep an eye expected non-stop rise toward 62+.
APOLLOTYRE (80.65)	Buy C/Fut. At 80.5-79	82	83—84	77.5	Low risk & high gain trading stock for today.
Derivative- Future (Strategy for today)
CIPLA (315.85)	Must Buy At 315—310	321	324—327	Bel 305	Max Profits: Unlimited	Stk can show short covering, Tgt 332+.
……………. (…………)	………………….	Hedging Position			Max Loss: Rs 5000
M&M (690.25)	Buy At 690—680	702	708—715	Bel 670	Max Profits: Unlimited	Highly oversold among auto sector.
M&M PA 680 (8.25)	Buy when you buy Fut.	Hedging Position			Max Loss: Rs. 2500
=Derivative- Option Strategy
RCOM CA 170 (3.00)	Must Buy At 3—2	Options Trading strategy for High Risk - High Gain.			Max Profits: Unlimited	Trade & hold for one week for good gains.
RCOM CA 180 (0.80)	Sell 2 Lots with CA 170				Max Loss: Rs. 2000

 

Last Trade (23^rd September 2010) Performance in OLC/ Nifty & BTST Calls: Total Profit/Loss: Rs. 99100.00 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.

Monthly trading picks for September 2010.
HCC (56.35)	Must Buy At 56—54	60	63—65	52	Booked max profits around 65 levels, rest hold
STER (151.15)	Grab At 150—145	157	161—165	142	Booked 75% profit around 173 level, rest hold
REL CAPITAL (757.7)	Buy At 755—740	790	805—820	Bel 720	Book 75% around 825-830 & revise SL at 790.
AXIS BANK (1324.85)	Sell At 1335—1370	1250	1220-1200	Abv 1400	Stock hit SL, made exit as all banking r on fire

 

Weekly Performance Report (13^th - 18^th Sept) http://nse-bse.blogspot.com/2010/09/weekly-performance-report-including-all_17.html

Monthly Performance Equity Calls (Aug): http://nse-bse.blogspot.com/2010/08/monthly-performance-report-including.html

Monthly Performance All Nifty Calls (Aug): http://nse-bse.blogspot.com/2010/08/monthly-performance-report-nifty.html

Monthly Performance Commodity Calls (Aug) http://nse-bse.blogspot.com/2010/08/monthly-performance-report-commodity.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.ibnservice.com/ Call: (91) 9899909899