Daily News Letter- Dated 8th 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 8^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: 5604.00 (27.05) Resis – 5600, 5700, 5800, 5900, 6000 Supports – 5350, 5300, 5200, 5050, 4900

SENSEX: Last Close: 18645.06 (85.01) 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.

Nifty will open weak around 5570-5550 & expect a bounce around 12 noon. We will see scrip based movement & specially in mid-cap sectors. Hot Sector for Today: Cement & Sugar.

BTST/ STBT in Last Trade (Cash /Fut.): WIPRO (Buy–407; SL- No Sl; Tgt1- 414; Tgt2- 419+)

TATAGLOBAL (Buy–127.50; SL- No Sl; Book Partial At 129.40 same day)

Hot in Street — Indiacement, Ambujacem, Acc, Renuka, Balramchin, Idea, Tataglobal, Dchl, Suzlon  etc.

 

SCRIP CODE (CMP)	ENTRY LEVEL	TGT1	TGT 2	SL	TREND
Hot Today
ESSAR OIL (127.75)	Must Buy At 127—124	130	131.5—133	122	Stock is oversold & expected a blast toward 140.
TATA STEEL (576.30)	Sell C/Fut. At 576—585	568	563—558	590	Profit booking will be seen today, Sell on rise.
Derivative- Future (Strategy for today)
JPASSOCIAT (118.70)	Must Buy 118.5—116	121	122.5—124	Bel 114	Max Profits: Unlimited	Very good scrip for short term traders.
…………… (………)	…………….	Hedging Position			Max Loss: Rs  4000
ANDHRABANK (155.0)	Sell At 155—158	152	150.5—149	Abv 160	Max Profits: Unlimited	Free fall will be seen toward 150 today.
ANDHRA CA 160 (3.3)	Buy when you sell Fut.	Hedging Position			Max Loss: Rs. 4000
=Derivative- Option Strategy
RENUKA CA 75 (2.10)	Must Buy At 2.0—1.5	Options Trading strategy for High Risk - High Gain.			Max Profits: Unlimited	Trade & hold for 1-3 days for good gains.
RENUKA PA 70 (1.45)	Buy 1 Lot with CA 75				Max Loss: Rs 3000

 

Last Trade (7^th  September 2010) Performance in OLC/ Nifty & BTST Calls: Total Profit/Loss: Rs. 129800.00 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 75% profits around 63 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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