Daily News Letter- Dated 7th 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 7^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: 5576.95 (97.55) Resis – 5600, 5700, 5800, 5900, 6000 Supports – 5350, 5300, 5200, 5050, 4900

SENSEX: Last Close: 18560.05 (338.62) Resis – 18650, 19000, 19350, 19700 Supports – 17800, 17500, 17000, 16500

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

Today’s high will be most important for the market, if it holds after mid-session then expect further rally else a quick profit booking will be seen. Hot Sector for Today: Bank &Power.

BTST/ STBT in Last Trade (Cash /Fut.): RELCAPITAL (Buy–781; SL- No Sl; Tgt1- 793; Tgt2- 799+)

Hot in Street — Kfa, Onmobile, Sterlinbio, Tatasteel, Apollotyres, Gvkpil, Beml, Bajajauto, Hindalco etc.

 

SCRIP CODE (CMP)	ENTRY LEVEL	TGT1	TGT 2	SL	TREND
Hot Today
IDFC (183.80)	Must Buy At 183.5-180	187	188.5—190	178	Good stock for intra-day traders, trade with SL.
SUZLON (50.60)	Buy C/Fut. At 50.5—49	51.5	52—53+	48	Stock is highly oversold, can show 55-58+ soon.
Derivative- Future (Strategy for today)
NEYVELILIG (164.10)	Must Buy 164—161	167	168.5—170	Bel 159	Max Profits: Unlimited	Keep an eye, expect good rise in 1-2 days.
…………… (………)	…………….	Hedging Position			Max Loss: Rs  4000
SBIN (2840.70)	Grab At 2840—2810	2875	2900-2930	Bel 2780	Max Profits: Unlimited	Stock has given +ve signal on charts.
SBIN PA 2800 (45.75)	……………….	Hedging Position			Max Loss: Rs. 3750
=Derivative- Option Strategy
RELCAP CA 800 (15.0)	Must Buy At 60—50	Options Trading strategy for High Risk - High Gain.			Max Profits: Unlimited	Trade & hold for 1-3 days for good gains.
RELCAP PA 740 (8.50)	Sell 2 Lot with CA 800				Max Loss: Rs 5000

 

Last Trade (6^th  September 2010) Performance in OLC/ Nifty & BTST Calls: Total Profit/Loss: Rs. 72800.00 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 50% profits around 61 levels, rest hold
STER (151.15)	Grab At 150—145	157	161—165	142	Booked 50% profit around 165 level, rest hold
REL CAPITAL (757.7)	Buy At 755—740	790	805—820	Bel 720	Book 50% around 795-800 & revise SL at 750.
AXIS BANK (1324.85)	Sell At 1335—1370	1250	1220-1200	Abv 1400	Keep tight SL of 1400 on closing basis & hold.

 

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

 

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