Daily News Letter Dated 29th October 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 29^th October 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: 5987.70 (24.95) Resis – 6200, 6300, 6400, 6500, 6666 Supports – 5950, 5850, 5650, 5500, 5350

SENSEX: Last Close: 19941.04 (64.33) Resis – 20650, 21000, 21400, 21750 Supports – 19700, 19300, 18800, 18300S

Sensex Range This Week: 19700 - 21000 above which it will touch 21500 & Below Tgt 19300; Resis at 21000 closing.

Mkt will open gap down toward 5950-5930, but we see a bounce back in mid-session. The last hours trade will play crucial role for trend next week. Hot Sector for Today: Auto & Bank.

BTST/ STBT in Last Trade (Cash /Fut.): UCOBANK (Buy– 131.50; SL- 130; Booked Partial At 132.70)

JPASSOCIAT (Buy– 124; SL- 610; Tgt1- 127; Tgt2- 128.50++)

Hot in Street — Abgship, Asianpaints, Cumminsind, Nationallum, Jswsteel, Uniphos, Herohonda, Bpcl etc.

 Results Today — Bpcl, Bel, Ioc, Federalbnk, Abb, Herohonda, M&m, Itc, Syndibnk, Tatachem, Moserbaer, Nagarfert, Ucobnk, Sci, Iob, Hcc, Petronet, Bhel etc.

 

SCRIP CODE (CMP)	ENTRY LEVEL	TGT1	TGT 2	SL	TREND
Hot Today
ABB (869.20)	Must Buy At 870—850	885	892—900	840	One should go long for Tgt 920-950+ very soon.
JP POWER (62.90)	Buy C/Fut. At 63—61	64.30	65—66	60	Hidden gem, anytime explosion toward 70+ seen
Derivative- Future (Strategy for today)
IOB (167.05)	Must Buy At 167—164	170	172—174	Bel 162	Max Profits: Unlimited	Result expected 2 be very good, Tgt 180
………….. (………..)	……………….	Hedging Position			Max Loss: Rs  4000
PUNJLLOYD (124.70)	Buy At 124—121	127	128.5—130	Bel 119	Max Profits: Unlimited	One can buy with hedge for good gain.
PUNJ PA 120 (3.40)	Buy when you buy Fut.	Hedging Position			Max Loss: Rs. 4000
=Derivative- Option Strategy
JPASSOC CA 130 (3.5)	Must Buy At 3.0—2.5	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	One can trade & hold for 2-4 days for gains.
JPASSOC PA 120 (3.10)	Buy 1 Lot with CA 130				Max Loss: Rs. 6000

 

Last Trade (28^th October 2010) Performance in OLC/ Nifty & BTST Calls: Total Profit/Loss: Rs. 6050.00 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 October 2010.
IVRCL INFRA (160.25)	Must Buy At 160—154	175	180—185	150	Book partial around 170-172 & remain long.
SESA GOA (328.45)	Grab At 325—315	360	375—390+	310	Book 50% around 380 & remain long, SL 360.
SCI (161.9)	Buy At 161—155	175	180—185	150	Rocking call of the month, book 50% at 200.
APOLLOTYRE (81.05)	Must Buy At 81—78	89	93—97	Bel 75	Book partial around 84-85 & remain long T 90

 

Weekly Performance Report (18^th Oct – 22^nd Oct) http://nse-bse.blogspot.com/2010/10/weekly-performance-report-including-all_22.html

Monthly Performance Equity Calls (Sep): http://nse-bse.blogspot.com/2010/09/monthly-performance-report-including_30.html

Monthly Performance All Nifty Calls (Sep): http://nse-bse.blogspot.com/2010/09/monthly-performance-report-nifty_30.html

Monthly Performance Commodity Calls (Sep) http://nse-bse.blogspot.com/2010/09/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.caom Visit: http://ibnservices.blogspot.com/ OR http://www.ibnservice.com/ Call: (91) 9899909899