Daily News Letter- Dated 2nd September 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 2^nd 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: 5471.85 (69.45) Resis – 5550, 5600, 5700, 5750, 5900 Supports – 5350, 5300, 5200, 5050, 4900

SENSEX: Last Close: 18205.87 (234.75) 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.

Mkt will show further upside momentum toward 5500-5550 where one can create fresh short. We still see a free fall (deep correction) in next few weeks. Hot Sector Today: Steel & Cement.

BTST/ STBT in Last Trade (Cash /Fut.): RPOWER (Buy–154.90; SL- No SL; Booked Partial At 156.50 Same Day)

TTML (Buy–22.90; SL- No; Tgt1- 23.50+)

Hot in Street— Mcdowell, Ruchisoya, Hindzinc, Dishtv, Hcc, Sobha, Rcom, Tv-18, Tatacomm, Hindalco etc.

 

SCRIP CODE (CMP)	ENTRY LEVEL	TGT1	TGT 2	SL	TREND
Hot Today
SAIL (187.90)	Must Buy At 188—185	192	194—196	182	Steel stocks are showing strength, Tgt 200+.
MTNL (62.65)	Buy C/Fut. At 62.5—61	64	65—66+	60	Scrip is highly oversold among telecom sector.
Derivative- Future (Strategy for today)
JPASSOCIAT (110.40)	Must Buy 110.50—108	112.5	114—115	Bel 105	Max Profits: Unlimited	Good stock for day traders, Low risk.
JPASSOC PA 110 (3.95)	Buy when you buy Fut.	Hedging Position			Max Loss: Rs  6000
KSOILS (49.70)	Buy At 49.70—48.50	51	51.50—52+	Bel 48	Max Profits: Unlimited	Time to go long for Tgt 55—60 in 1 week
………….. (………)	……………….	Hedging Position			Max Loss: Rs. 2000
=Derivative- Option Strategy
RIL CA 950 (23.0)	Must Buy At 22—18	Options Trading strategy for High Risk - High Gain.			Max Profits: Unlimited	Buy & hold for 2-3 weeks for good gain.
RIL PA 1000 (7.75)	Sell 2 Lots with CA 950				Max Loss: Rs 5000

 

Last Trade (1^st September 2010) Performance in OLC/ Nifty & BTST Calls: Total Profit/Loss: Rs. 117650.00 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.
………….. (56.35)	Must Buy At 56—54	60	63—65	52	One of the best pick among infra stocks, T 75.
………… (151.15)	Grab At 150—145	157	161—165	142	Good scrip for the month, low risk & high gain
…………….. (757.7)	Buy At 755—740	790	805—820	Bel 720	Worst is over, some +ve news expected v. soon.
…………….. (1324.85)	Sell At 1335—1370	1250	1220-1200	Abv 1400	Overbought on chart, we can see free fall soon.

 

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 (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