Daily News Letter Dated 23rd 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 23^rd 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: 5984.40 (16.25) Resis – 6050, 6120, 6200, 6350, 6440 Supports – 5800, 5700, 5550, 5400, 5300

SENSEX: Last Close: 20015.80 (44.52) Resis – 20200, 20400, 20700, 21000 Supports – 19300, 19000, 18500, 18000

Sensex Range This Week: 19300 - 20500 above which it will touch 2100 & Below Tgt 18500; Support at 19300 closing.

Rollover pain was seen in last trading session, Nifty will find good support at 5840 & expected rise toward 6050-6080, trade with the market trend. Hot Sector for Today: Bank & Sugar.

BTST/ STBT in Last Trade (Cash /Fut.): BANKINDIA (Buy– 447; SL- No Sl; Tgt Later)

Hot in Street — Ispatind, Pateleng, Syndibank, Tatachem, Aban, Lichsgfin, Bhartiartl, Escorts, Nhpc etc.

 

SCRIP CODE (CMP)	ENTRY LEVEL	TGT1	TGT2—3	SL	COMMENTS
Hot Today
BALRAMPUR (81.45)	Must Buy At Opening	83	84—85	78.5	One can go long in all sugar stks, min 20% gain
SKUMARS (82.85)	Must Buy At 82.50—81	84	85—86	80	Good scrip for day traders, keep hedge or SL.
Derivative- Future (Strategy for today)
DENABANK (116.50)	Must Buy 116.5--113	119	120.5—122	Bel 110	Max Profits: Unlimited	Banking stocks are looking good today.
DENABK PA 110 (1.20)	Buy when you buy Fut.	Hedging Position			Max Loss: Rs  6000
ESCORTS (176.20)	Buy At 175—172	179	181—183	Bel 168	Max Profits: Rs. 10000	Keep an eagle eye, expected sharp move
…………..   (…….)	……………….	Hedging Position			Max Loss: Rs. 4000
Derivative- Option Strategy
IDBI CA 170 (2.35)	Must Buy At 2.25—1.8	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	Must trade & hold till expiry for good gains.
IDBI PA 160 (1.10)	Sell 2 Lots with CA 180				Max Loss: Rs. 4000

 

Last Trade (22^nd December 2010) Performance in OLC/ Nifty & BTST Calls: Total Profit/Loss: Rs 68450.00 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 Max at 25 & remain long for Tgt 30+.
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 (13^th Dec – 17^th Dec) http://nse-bse.blogspot.com/2010/12/weekly-performance-report-including-all_16.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