Daily News Letter Dated 2nd November 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 2^nd November 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: 6117.55 (99.85) Resis – 6200, 6300, 6400, 6500, 6666 Supports – 5950, 5850, 5650, 5500, 5350

SENSEX: Last Close: 20355.63 (323.29) 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 be volatile in mid-session & we can see profit booking toward 6080-6050 levels. One can buy at dip with SL 6000 closing basis & go long. Hot Sector for Today: Oil & Pharma.

BTST/ STBT in Last Trade (Cash /Fut.): CANARABANK (Buy– 749; SL- No Sl ; Tgt1- 758; Tgt2- 765)

CIPLA (Buy– 358; SL- No Sl ; Booked Partial At 362.50 Same Day)

Hot in Street — Indusind, Bajajhldng, Titan, Auropharma, Petronet, Tvsmotor, Ucobank, Dchl, Ksoils etc.

 Results Today — 3Infotech, Fortis, Indbank, Ndtv, Neyvelilig, Ofss, Orbitcorp, Texmaco, Nitco, etc.

 

SCRIP CODE (CMP)	ENTRY LEVEL	TGT1	TGT 2	SL	TREND
Hot Today
APOLLO TYRE (72.05)	Must Buy At 72—70	73.50	74.25—75	69	One can buy & forget for non-stop Tgt 77-80++.
HIND PETRO (496.25)	Buy C/Fut. At 496-488	505	510—515	482	All Oil stocks will be on fire this week, watchout
Derivative- Future (Strategy for today)
FORTIS (165.55)	Must Buy 165.5--162	168.5	170—172	Bel 160	Max Profits: Unlimited	Result today watch out, Our Tgt 185+.
…………… (………….)	……………….	Hedging Position			Max Loss: Rs  4000
ORIENTBANK (510.5)	Buy At 510—500	519	524—530	Bel 495	Max Profits: Unlimited	We expect the stock to b good performer
………….. (……..)	……………….	Hedging Position			Max Loss: Rs. 2500
=Derivative- Option Strategy
MTNL CA 70 (2.50)	Must Buy At 2.5—2.0	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	One can trade & hold for 2-3 days for gains.
MTNL CA 80 (0.65)	Sell 2 Lots with CA 70				Max Loss: Rs. 3000

 

Last Trade (1^st November 2010) Performance in OLC/ Nifty & BTST Calls: Total Profit/Loss: Rs. 69200.00 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.
……………(67.40)	Must Buy At 67--64	73	75—78	Below 62	No risk only gain, scrip for short term traders.
…………. (147.15)	Must Buy At 147—140	160	165—170	135	Do not think & buy in truck load for Tgt 180+
…………(61.0)	Buy Bulk At 61—59	67	70—73	57	Positive news will show impact in short term.
…………….(159.65)	Buy At 160—154	175	180—185	Bel 150	Good scrip among banking sector, Take a risk.

 

Weekly Performance Report (25^th Oct – 29^th Oct) http://nse-bse.blogspot.com/2010/10/weekly-performance-report-including-all_29.html

Monthly Performance Equity Calls (Oct): http://nse-bse.blogspot.com/2010/10/monthly-performance-report-including.html

Monthly Performance All Nifty Calls (Oct): http://nse-bse.blogspot.com/2010/10/monthly-performance-report-nifty.html

Monthly Performance Commodity Calls (oct) http://nse-bse.blogspot.com/2010/10/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