Daily News Letter Dated 16th December 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 16^th December 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: 5892.30 (51.80) Resis – 6050, 6120, 6200, 6350, 6440 Supports – 5800, 5700, 5550, 5400, 5300

SENSEX: Last Close: 19647.77 (151.42) Resis – 20200, 20400, 20700, 21000 Supports – 19300, 19000, 18500, 18000

Sensex Range This Week: 19000 - 20500 above which it will touch 2100 & Below Tgt 18300; Support at 19300 closing.

All eyes will be on RBI policy today, which may show one side movement in the market. We expect +ve news but one should trade with hedge or SL. Hot Sector for Today: IT & Metals.

BTST/ STBT in Last Trade (Cash /Fut.): IOC (Buy– 381.50; SL- 377; Tgt-388, Tgt-392)

Hot in Street — Ksoils, Patni, Igl, Ptc, Dabur, Bpcl, Hindpetro, Tcs, Ruchisoya, Bhartiartl, Ioc, Zeel,  etc.

 

SCRIP CODE (CMP)	ENTRY LEVEL	TGT1	TGT2—3	SL	COMMENTS
Hot Today
RUCHI SOYA (100.80)	Must Buy At 100.5—98	102.5	104—106	96	Stock can show short covering toward 108—110
POLARIS (169.60)	Buy At 169—166	172.5	174—176	164	All IT stocks can show good upside, buy in C/F.
Derivative- Future (Strategy for today)
MRPL (70.75)	Must Buy At 70.5—69	72	73—74	Bel 68	Max Profits: Unlimited	One must trade today for good gain.
MRPL PA 70 (1.80)	Buy when you buy Fut.	Hedging Position			Max Loss: Rs  3000
TATASTEEL (640.55)	Buy At 640—630	652	658—664	Bel 624	Max Profits: Rs. 15000	Good stock for day traders, keep SL.
………………  (……….)	………………..	Hedging Position			Max Loss: Rs. 3000
=Derivative- Option Strategy
IDEA CA 70 (2.20)	Must Buy At 2.20—1.8	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	Trade for 7-10 trading sessions for good gains.
IDEA PA 65 (1.25)	Buy 1 Lot with CA 70				Max Loss: Rs. 5000

 

Last Trade (15^th December 2010) Performance in OLC/ Nifty & BTST Calls: Total Profit/Loss: Rs 34050.00 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 December 2010.
ISPAT IND (17.95)	Must Buy At 18—17	20	21—22+	Bel 16.5	Booked 50% at 21 & remain long for Tgt 23+.
IVRCL INFRA (119.70)	Must Buy At 119—115	130	135—140	112	Booked partial profit around 132 same days.
MTNL (52.90)	Buy At 52.5—50	57	60—63	48	Booked partial profit around 56, rest hold long
MRPL (71.45)	Grab Bulk At 71—67	78	82—85	Bel 65	Booked partial profit around 75, rest hold long

 

Weekly Performance Report (6^th Dec – 10^th Dec) http://nse-bse.blogspot.com/2010/12/weekly-performance-report-including-all_10.html

Monthly Performance Equity Calls (Nov): http://nse-bse.blogspot.com/2010/11/monthly-performance-report-including.html

Monthly Performance All Nifty Calls (Nov): http://nse-bse.blogspot.com/2010/11/monthly-performance-report-nifty.html

Monthly Performance Commodity Calls (Nov) http://nse-bse.blogspot.com/2010/11/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