Daily News Letter Dated 8th 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 8^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: 6120.30 (66.15) Resis – 6200, 6300, 6400, 6500, 6666 Supports – 5850, 5650, 5500, 5350, 5260

SENSEX: Last Close: 20315.32 (226.76) Resis – 20650, 21000, 21400, 21750 Supports – 19300, 18800, 18300, 17800

Sensex Range This Week: 20000 - 21000 above which it will touch 21500 & Below Tgt 19500; Resis at 21000 closing.

Mkt has shown good selling pressure in last trading session & further panic can be seen toward 6050 -6280 levels,  one should remain cautious & mostly in cash. We have not been  comfortable with this rally. Hot Sector for Today: Pharma.

BTST/ STBT in Last Trade (Cash /Fut.): DENABANK (Buy– 120; SL- No Sl; Exit Same Day At 117)

Hot in Street — Biocon, Kfa, Tataglobal, Tatacomm, Fortis, Arevat&d, Hoteleela, Relmedia, Indiainfo etc.

 

SCRIP CODE (CMP)	ENTRY LEVEL	TGT1	TGT 2	SL	TREND
Hot Today
ICICIBANK (1134)	Must Sell At 1135—1150	1115	1105—1095+	1160	All banking stocks will show profit booking
CIPLA (331.25)	Buy C/Fut. At 331—325	337	340—343	320	Low risk & high profitable scrip for traders.
Derivative- Future (Strategy for today)
TATAMOTORS (1129.90)	Must Sell At 1130—1150	1115	1100—1090	Bel 1160	Max Profits: Unlimited	Sell in opening bell we expect fall.
TATAMOTORS CA 1140 (34)	Buy when you sell fut.	Hedging Position			Max Loss: Rs  5000
MCLEODRUS (248)	Grab At 248—243	253	256—259	240	Max Profits: Unlimited	Tea stocks are looking hot for today take a risk.
……….. (……..)	………………	Hedging Position			Max Loss: Rs. 3000
=Derivative- Option Strategy
SBI PA 3200 (100)	Must Buy At 100—80	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	Trade & hold for 3—5 days for good gains.
SBI  CA 3300 (65.40)	Sell 2 Lot with PA 3200				Max Loss: Unlimited

 

Last Trade (7^th October 2010) Performance in OLC/ Nifty & BTST Calls: Total Profit/Loss: Rs. 76200.00 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 partial around 372-375 & remain long.
SCI (161.9)	Buy At 161—155	175	180—185	150	Rocking call of the month, book 50% at 200.
……………….. (81.05)	Must Buy At 81—78	89	93—97	Bel 75	One can buy n hold for good run in Oct series.

 

Weekly Performance Report (27^th Sep– 1^st Oct) http://nse-bse.blogspot.com/2010/10/weekly-performance-report-including-all.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.com Visit: http://ibnservices.blogspot.com/ OR http://www.ibnservice.com/ Call: (91) 9899909899