Daily News Letter Dated 7th 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 7^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: 5992.25 (0.55) Resis – 6050, 6120, 6200, 6350, 6440 Supports – 5850, 5700, 5550, 5400, 5300

SENSEX: Last Close: 19981.31 (14.38) Resis – 20200, 20400, 20700, 21000 Supports – 19500, 19000, 18500, 18000

Sensex Range This Week: 19500 - 20800 above which it will touch 21100 & Below Tgt 19000; Support at 19300 closing.

As alerted Mkt has given a jerk downside & we can see further slide toward 5950-5910 & strong support lies at 5900 below which 5700 seen. Hot Sector for Today: Steel & Oil-Gas.

BTST/ STBT in Last Trade (Cash /Fut.): JINDALSAW (Buy– 190; SL- No Sl; Tgt1- 194; Tgt2- 196; Tgt3- 198)

Hot in Street — Ispatind, Ruchisoya, Jswsteel, Bhusanstl, Bel, Tatamotors, Igl, Ster, Tatasteel, Videoind etc.

 

SCRIP CODE (CMP)	ENTRY LEVEL	TGT1	TGT 2	SL	TREND
Hot Today
ISPATIND (18.65)	Must Buy At 18.6—18	19.20	19.5—19.9	17.5	One of the best pick among metal sector, grab.
ESSAROIL (131.05)	Grab At 131—127	133.5	135—137	125	No major risk & high gain expected, Tgt 150+.
Derivative- Future (Strategy for today)
GMRINFRA (48.85)	Must Buy At 48.5—47	49.90	50.5—51	Bel 46	Max Profits: Unlimited	Some good news can lift the stock to 55-60
GMRINFR PA 45 (0.75)	Buy when you buy Fut.	Hedging Position			Max Loss: Rs  4000
KOTAKBANK (478.10)	Sell At 478—489	470	465—460	Abv 495	Max Profits: Unlimited	Banking stocks are over bought on chart
KOTAKBK PA500 (9.0)	Buy when you sell Fut.	Hedging Position			Max Loss: Rs. 3000
=Derivative- Option Strategy
STER CA 170 (6.50)	Must Buy At 6.5—5.0	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	Trade & hold for 5-7 day, for good gains.
STER PA 170  (4.80)	Sell 2 Lot with CA 170				Max Loss: Rs. 10000

 

Last Trade (6^th December 2010) Performance in OLC/ Nifty & BTST Calls: Total Profit/Loss: Rs 34950.00 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.
………………. (17.95)	Must Buy At 18—17	20	21—22+	Bel 16.5	One can buy in truck load for good gain, T 30
IVRCL INFRA (119.70)	Must Buy At 119—115	130	135—140	112	Booked partial profit around 132 same day.
………………. (52.90)	Buy At 52.5—50	57	60—63	48	Low risk scrip, seems to bottom out, buy now.
………………. (71.45)	Grab Bulk At 71—67	78	82—85	Bel 65	Very good pick 4 short term trader our tgt 100

 

Weekly Performance Report (29^th Nov – 3^rd Dec) http://nse-bse.blogspot.com/2010/12/weekly-performance-report-including-all.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